ELI LILLY & CO (LLY) Stock Technical Analysis
NYSE:LLY - New York Stock Exchange, Inc. - US5324571083 - Common Stock - Currency: USD
Taking everything into account, LLY scores 8 out of 10 in our technical rating. LLY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
LLY is part of the Pharmaceuticals industry. There are 194 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.
LLY has an average volume of 3603360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that LLY is one of the better performing stocks in the market, outperforming 82% of all 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.
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 a support zone below the current price at 871.56, 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
719.05
969.63
We found 4 important support areas.
- A support zone ranging from 867.23 to 871.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 842.92 to 844.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @739.46 from a trend line in the weekly time frame.
- A support zone ranging from 726.31 to 727.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 948.40 to 960.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.72
Mansfield-0.22
10 Day High894.4
10 Day Low841.49
20 Day High894.4
20 Day Low760.49
52 Week High972.53
52 Week Low711.4
Performance
1 Week0.21%
2 Weeks0.38%
1 Month13.97%
3 Month16.8%
6 Month-8.3%
12 Month13.53%
2 Year180.73%
3 Year249.54%
5 Year592.68%
10 Year1145.09%
15 Year2444.21%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)1.19
RSI(14)63.65
LBB819.32
UBB898.03
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 |
|---|---|---|---|
| 894.41 | 867.22 | 27.19 (3.04%) | 25.00% |
| An entry @894.41. This is a Buy Stop order right above the 10 day high. | An exit @867.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 27.19 points, which is 3.04%. | For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
873.68
+0.56 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.06%
1 Week0.21%
2 Weeks0.38%
1 Month13.97%
3 Month16.8%
6 Month-8.3%
12 Month13.53%
2 Year180.73%
3 Year249.54%
5 Year592.68%
10 Year1145.09%
15 Year2444.21%
Volatility
ATR(14)22.57
ATR(20)%2.51%
ATR Inc-16.49%
Range Today20.97
ADR(20)21.25
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.72
Mansfield-0.22
10 Day High894.4
10 Day Low841.49
20 Day High894.4
20 Day Low760.49
52 Week High972.53
52 Week Low711.4
CS1 End871.56
CR1 Start948.4
Volume & EV
DER(3)2.8%
DER(5)0.92%
Volume3.94M
Volume Incr-1.7%
Vol(5)3.53M
Vol(50)3.60M