ELI LILLY & CO (LLY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LLY - US5324571083 - Common Stock
Overall LLY gets a technical rating of 8 out of 10. In the last year, LLY was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month LLY has a been trading in the 1012.57 - 1133.95 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, LLY did better than 88% of all other stocks.
- LLY is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 190 stocks in the same industry.
- 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.
- LLY has an average volume of 3556640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although LLY has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
713.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1032.96 to 1032.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @720.91 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1070.67 to 1080.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 88.92 | POSITIVE | LLY has a high relative strength, it outperformed 88.92% off all stocks 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) | UP | MIXED | The current price of LLY is below 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) | 44.62 | NEUTRAL | The RSI value for LLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.13 | NEGATIVE | The MACD value suggests LLY has a negative trend. |
| Stochastics (14,3) | 33.35 | NEUTRAL | The Stochastics value for LLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for LLY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.81 | NEUTRAL | The ADX value for LLY suggests a possible start of a new trend. |
1032.97
-40.32 (-3.76%)
ELI LILLY & CO / LLY FAQ
Can you provide the ChartMill technical rating for ELI LILLY & CO?
ChartMill assigns a technical rating of 8 / 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 44.6239. 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 -6.12718, 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 1032.96 and a resistance level at 1070.67. Check the full technical report for our detailed analysis of LLY support and resistance levels.