LLY Technical Analysis - ELI LILLY & CO

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to LLY. In the past year, LLY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, LLY is a bad performer in the overall market: 83% of all stocks are doing better.

LLY has an average volume of 4826020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

LLY is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, LLY did better than 42% of them.

LLY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LLY is lagging the market.

In the last month LLY has a been trading in the 694.23 - 776.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

LLY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 754.21, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

623.90

957.88

2 important support areas can be observed.

A support zone ranging from 720.91 to 727.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @630.20 from a trend line in the weekly time frame.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 746.33 to 766.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 819.36 to 819.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @875.18 from a trend line in the weekly time frame.
Resistance @948.40 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for LLY is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LLY is up.
ChartMill Relative Strength	17.97	NEGATIVE	LLY has a low relative strength, it was outperformed by 82.03% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LLY is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of LLY is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LLY is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.57	NEUTRAL	The RSI value for LLY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.85	POSITIVE	The MACD value suggests LLY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.78	NEUTRAL	The Stochastics value for LLY is a neutral value.
Average True Range in percent/ATR (20)	2.24	MEDIUM VOLATILITY	The ATR as a percentage value for LLY suggests some volalility.
Average Directional Index/ADX (14)	10.56	NEGATIVE	The low ADX value for LLY suggests a weak or negative trend.