ELI LILLY & CO (LLY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LLY - US5324571083 - Common Stock
Overall LLY gets a technical rating of 10 out of 10. Both in the recent history as in the last year, LLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although LLY has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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713.70
We found 3 important support areas.
- A support zone ranging from 1059.23 to 1063.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 982.21 to 997.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @720.91 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1065.11 to 1080.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1109.95 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for LLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LLY is up. |
| ChartMill Relative Strength | 86.73 | POSITIVE | LLY has a high relative strength, it outperformed 86.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LLY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.59 | NEUTRAL | The RSI value for LLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.03 | NEGATIVE | The MACD value suggests LLY has a negative trend. |
| Stochastics (14,3) | 56.72 | NEUTRAL | The Stochastics value for LLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for LLY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.74 | POSITIVE | The high ADX value value for LLY suggests a strong trend. |
1063.56
-21.63 (-1.99%)
ELI LILLY & CO / LLY FAQ
Can you provide the ChartMill technical rating for ELI LILLY & CO?
ChartMill assigns a technical rating of 10 / 10 to LLY.
What is the current trend direction of ELI LILLY & CO (LLY) stock?
The current trend direction for ELI LILLY & CO (LLY) is Bullish.
What is the RSI signal for LLY stock?
ELI LILLY & CO (LLY) has an RSI value of 52.5884. This indicates that the stock is currently neutral.
What is the MACD signal for LLY stock?
The MACD indicator for ELI LILLY & CO (LLY) has a value of -3.0276, indicating a bearish trend.
Can you provide the support and resistance levels for ELI LILLY & CO?
ELI LILLY & CO (LLY) has a support level at 1063.55 and a resistance level at 1065.11. Check the full technical report for our detailed analysis of LLY support and resistance levels.