- Illumina breaks $6.15 below established support around $214.72
- The lower Bollinger Band® is currently at $36.24 while the higher band is at $41.24
Illumina fell below the $214.72 support zone and receded $6.15 beyond it. Illumina made an initial foray below its 50 day Simple Moving Average around $213.12. On the other hand, note that Illumina's lower Bollinger Band® is at $204.21.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Illumina.
With regards to technical trend indicators, chart analysis show that IAA's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, IAA's lower Bollinger Band® is at $36.24. IAA chart analysis: it will be interesting to follow how IAA's run now faces a challenge at $36.94, which is only 14 cents away.
For the time being, IAA remains flat without a clear direction.
$95.42 marks the crossover point where Walt Disney price action falls below its 10 day Simple Moving Average. Price action pushed below a known Fibonacci support level at $95.2 by around 51.424 cents with prices hammering out a $93.92 – $96.43 range by session close. In contrast, a persuasive break of this target could lead to higher losses.
Looking forward, Walt Disney is poised to extend its strong downtrend and continue declining.
Fundamental indicators – data from United States concerning Consumer Confidence was released yesterday at 15:00 UTC. Newly published figures emphasized continued decline from last month's figure of 102.2 to 100.2 this month.
Upcoming fundamentals: United States Pending Home Sales is projected to outperform its last figure with -5%, having previously been at -10.2%. The figure will be published today at 15:00 UTC.