Unlocking the high Growth Potential of NYSE:LLY.

Our stockscreener has identified a possible breakout setup on ELI LILLY & CO (NYSE:LLY). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:LLY for potential opportunities.

In-Depth Technical Analysis of NYSE:LLY

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall LLY gets a technical rating of 8 out of 10. In the last year, LLY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

• Both the short term and long term trends are positive. This is a very positive sign.
• LLY is part of the Pharmaceuticals industry. There are 193 other stocks in this industry. LLY outperforms 82% of them.
• LLY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
• Looking at the yearly performance, LLY did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
• LLY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LLY is lagging the market.

Check the latest full technical report of LLY for a complete technical analysis.

Why is NYSE:LLY a setup?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:LLY currently has a 7 as setup rating:

LLY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 871.56, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

What matters for high growth investors.

• ELI LILLY & CO has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 114.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• ELI LILLY & CO has experienced 44.68% q2q revenue growth, indicating a significant sales increase.
• With notable 1-year revenue growth of 32.0%, ELI LILLY & CO exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• The quarterly earnings of ELI LILLY & CO have shown a 114.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The earnings per share (EPS) growth of ELI LILLY & CO are accelerating: the current Q2Q growth of 114.0% is above the previous year Q2Q growth of 19.14%. Earnings momentum and acceleration are key for high growth systems.
• With a favorable trend in its operating margin over the past year, ELI LILLY & CO demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• ELI LILLY & CO showcases a robust Return on Equity (ROE) of 58.78%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The ownership composition of ELI LILLY & CO reflects a balanced investor ecosystem, with institutional shareholders owning 83.27%. This indicates a broader market participation and potential for increased trading liquidity.
• ELI LILLY & CO has a strong history of beating EPS estimates 3 times in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• ELI LILLY & CO has exhibited strong Relative Strength(RS) in recent periods, with a current 82.74 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. ELI LILLY & CO shows promising potential for continued price momentum.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.