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ELI LILLY AND CO.
ELI LILLY AND CO.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: LLY
ISIN:

ELI LILLY AND CO. - Daily - Technical analysis published on 10/12/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 557.06 USD
My targets
626.70 USD (+3.54%)
651.55 USD (+7.64%)
My analysis
ELI LILLY AND CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 557.06 USD. The next resistance located at 626.70 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 651.55 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

AMIKOTUN
This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

ELI LILLY AND CO. rating 605.28 USD. The price has increased by +4.48% since the last closing with the lowest point at 585.01 USD and the highest point at 608.79 USD. The deviation from the price is +3.46% for the low point and -0.58% for the high point.

585.01
608.79
605.28

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of ELI LILLY AND CO. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 467.98 525.19 599.30 605.28
Change (%) -22.68% -13.23% -0.99% -
Change -137.30 -80.09 -5.98 -
Level Minor Intermediate Major -



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard566.82575.91590.60599.69614.38623.47638.16
Camarilla598.74600.92603.10605.28607.46609.64611.82
Woodie569.61577.31593.39601.09617.17624.87640.95
Fibonacci575.91585.00590.61599.69608.78614.39623.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard482.62499.59532.41549.38582.20599.17631.99
Camarilla551.53556.09560.66565.22569.78574.35578.91
Woodie490.54503.55540.33553.34590.12603.13639.91
Fibonacci499.59518.61530.36549.38568.40580.15599.17


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard442.63487.42512.27557.06581.91626.70651.55
Camarilla517.98524.36530.75537.13543.51549.90556.28
Woodie432.67482.44502.31552.08571.95621.72641.59
Fibonacci487.42514.02530.45557.06583.66600.09626.70

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 71.35
MACD (12,26,9): 6.3700
Directional Movement: 19.21
AROON (14): 42.86
DEMA (21): 567.82
Parabolic SAR (0,02-0,02-0,2): 524.01
Elder Ray (13): 33.92
Super Trend (3,10): 550.05
Zig ZAG (10): 605.28
VORTEX (21): 0.9700
Stochastique (14,3,5): 91.31
TEMA (21): 564.40
Williams %R (14): -3.81
Chande Momentum Oscillator (20): 52.99
Repulse (5,40,3): 6.0600
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 0.76
MA7: 559.96
MA20: 558.77
MA50: 547.68
MA100: 497.66
MAexp7: 570.66
MAexp20: 559.98
MAexp50: 540.78
MAexp100: 504.03
Price / MA7: +8.09%
Price / MA20: +8.32%
Price / MA50: +10.52%
Price / MA100: +21.63%
Price / MAexp7: +6.07%
Price / MAexp20: +8.09%
Price / MAexp50: +11.93%
Price / MAexp100: +20.09%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on ELI LILLY AND CO. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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