$ILMN +3.9% Bounce Break Above $151 Could Target $160 to $165
$Illumina(ILMN)$
ILMN Rallies +3.90%: Testing Yearly High Resistance at $148-$151 Zone
Latest Close Data:
Closed at $147.17 (+3.90%) on Jan 20, 2026. The stock is now just ~$4 away from its 52-week high of $151.34.
Core Market Drivers:
A positive session for the genomics leader, driven by continued institutional interest and a broader biotech sector tailwind.
Recent capital flow data shows net inflows over the past day, with significant retail participation, indicating renewed optimism.
Technical Analysis:
Volume ratio at 1.09 confirms the rally.
The 6-day RSI at 60.61 has bounced from near-oversold levels, showing momentum recovery.
MACD (DIF: 4.29, DEA: 4.43) remains slightly below its signal line, suggesting the uptrend needs confirmation.
Key Price Levels:
Primary Support: $137.00 (Today's low, immediate floor).
Strong Resistance: $148.09 (Today's high) to $151.34 (52-week high).
Immediate Pivot: $147.20 (Previous resistance, now a key test).
Valuation Perspective:
Forward P/E of 27.92 is significantly below its 3-year historical average of 85.50, indicating the stock may be relatively undervalued compared to its own past multiples.
Analyst Targets:
18 analysts have an average price target of $132.14, slightly below the current price. Sentiment is mixed with 6 Strong Buys, 3 Buys, 9 Holds, and 3 Sell/Underperform ratings.
Weekly Outlook:
Expect consolidation between $137 and $151. A decisive break above $151.34 could target the $160-$165 zone. A failure to hold $137 may see a retest of the $130 support level.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. Conduct your own research before making any investment decisions.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
