ELI LILLY & CO (LLY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:LLY • US5324571083
Taking everything into account, LLY scores 4 out of 10 in our technical rating. In the last year, LLY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- LLY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LLY is lagging the market slightly.
- In the last month LLY has a been trading in the 993.58 - 1114.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- LLY has an average volume of 3252990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, LLY turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- LLY is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, LLY did better than 58% of them.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, LLY does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1024.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
972.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1019.69 to 1024.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1003.45 from a horizontal line in the daily time frame.
- Support @982.22 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1038.85 to 1051.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1080.37 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 1109.94 to 1109.95. This zone is formed by a combination of multiple trend lines 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 | 66.26 | NEUTRAL | LLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LLY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LLY is below a declining 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) | 46.6 | NEUTRAL | The RSI value for LLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.13 | NEGATIVE | The MACD value suggests LLY has a negative trend. |
| Stochastics (14,3) | 40.72 | NEUTRAL | The Stochastics value for LLY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for LLY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.06 | NEGATIVE | The low ADX value for LLY suggests a weak or negative trend. |
1025
-19.67 (-1.88%)
ELI LILLY & CO / LLY FAQ
Can you provide the ChartMill technical rating for ELI LILLY & CO?
ChartMill assigns a technical rating of 4 / 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 46.5966. 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 -2.13039, 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 1024.99 and a resistance level at 1038.85. Check the full technical report for our detailed analysis of LLY support and resistance levels.