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.
Besides having an excellent technical rating, LLY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1070.61, a Stop Loss order could be placed below this zone.
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We found 4 important support areas.
- A support zone ranging from 1044.57 to 1070.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1010.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 982.21 to 991.95. 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.
We found 1 important resistance area.
- Resistance @1077.76 from a horizontal line in the weekly 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 | 91.18 | POSITIVE | LLY has a high relative strength, it outperformed 91.18% 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) | 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) | 62.55 | NEUTRAL | The RSI value for LLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.09 | NEGATIVE | The MACD value suggests LLY has a negative trend. |
| Stochastics (14,3) | 89.94 | OVERBOUGHT | The high Stochastics value suggests LLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for LLY suggests some volalility. |
| Average Directional Index/ADX (14) | 31.62 | POSITIVE | The high ADX value value for LLY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1,077.77 | 1,044.56 | 33.21 (3.08%) | 25.00% |
| An entry @1077.77. This is a Buy Stop order right above the resistance zone. | An exit @1044.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 33.21 points, which is 3.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of LLY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1074.68
-5.07 (-0.47%)
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 62.554. 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 -1.08927, 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 1070.61 and a resistance level at 1077.76. Check the full technical report for our detailed analysis of LLY support and resistance levels.