ELI LILLY & CO (LLY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LLY - US5324571083 - Common Stock
Taking everything into account, LLY scores 8 out of 10 in our technical rating. 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, it does not offer a high quality setup 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 4 important support areas.
- A support zone ranging from 982.21 to 993.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @857.43 from a trend line in the daily time frame.
- Support @801.65 from a horizontal line in the daily time frame.
- Support @720.91 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 | NEUTRAL | NEUTRAL | The short term trend for LLY is neutral. |
| ChartMill Relative Strength | 88.16 | POSITIVE | LLY has a high relative strength, it outperformed 88.16% 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) | 49.88 | NEUTRAL | The RSI value for LLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -17.06 | NEGATIVE | The MACD value suggests LLY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.2 | OVERSOLD | The low Stochastics value suggests LLY may be oversold. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for LLY suggests some volalility. |
| Average Directional Index/ADX (14) | 34.12 | POSITIVE | The high ADX value value for LLY suggests a strong trend. |
993.64
+11.42 (+1.16%)
ELI LILLY & CO / LLY FAQ
What is the technical rating for LLY stock?
ChartMill assigns a technical rating of 8 / 10 to LLY.
What is the trend direction for 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 49.8815. This indicates that the stock is currently neutral.
What is the MACD signal for ELI LILLY & CO (LLY) stock?
The MACD indicator for ELI LILLY & CO (LLY) has a value of -17.0581, indicating a bearish trend.
What is the short term momentum for ELI LILLY & CO (LLY) stock?
The short term momentum for ELI LILLY & CO (LLY) is neutral.