ELI LILLY AND CO. - 15 min. - Technical analysis published on 05/13/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
6%
56%
39%
My opinion
Bearish under 438.13 USD
My targets
430.72 USD (-0.85%)
427.01 USD (-1.71%)
My analysis
The strong short-term decline in ELI LILLY AND CO. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 438.13 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 430.72 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 427.01 USD as an objective. Crossing it would then enable sellers to target 419.60 USD. Be careful, a return to above 438.13 USD could jeopardize the reversal.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.3
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Additional analysis
Quotes
The ELI LILLY AND CO. price is 434.43 USD. On the day, this instrument lost -0.26% with the lowest point at 434.42 USD and the highest point at 445.54 USD. The deviation from the price is +0.00% for the low point and -2.49% for the high point.434.42
445.54
434.43
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
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:
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 this 15 min. chart of ELI LILLY AND CO. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 15 minutes
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 390.48 | 399.02 | 425.97 | 434.43 | 435.48 | 445.54 |
| Change (%) | -10.12% | -8.15% | -1.95% | - | +0.24% | +2.56% |
| Change | -43.95 | -35.41 | -8.46 | - | +1.05 | +11.11 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 419.60 | 427.01 | 430.72 | 438.13 | 441.84 | 449.25 | 452.96 |
| Camarilla | 431.37 | 432.39 | 433.41 | 434.43 | 435.45 | 436.47 | 437.49 |
| Woodie | 417.75 | 426.09 | 428.87 | 437.21 | 439.99 | 448.33 | 451.11 |
| Fibonacci | 427.01 | 431.26 | 433.88 | 438.13 | 442.38 | 445.00 | 449.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 400.57 | 411.78 | 423.11 | 434.32 | 445.65 | 456.86 | 468.19 |
| Camarilla | 428.23 | 430.30 | 432.36 | 434.43 | 436.50 | 438.56 | 440.63 |
| Woodie | 400.62 | 411.81 | 423.16 | 434.35 | 445.70 | 456.89 | 468.24 |
| Fibonacci | 411.78 | 420.39 | 425.71 | 434.32 | 442.93 | 448.25 | 456.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 295.33 | 318.81 | 357.34 | 380.82 | 419.35 | 442.83 | 481.36 |
| Camarilla | 378.81 | 384.49 | 390.18 | 395.86 | 401.54 | 407.23 | 412.91 |
| Woodie | 302.85 | 322.57 | 364.86 | 384.58 | 426.87 | 446.59 | 488.88 |
| Fibonacci | 318.81 | 342.50 | 357.14 | 380.82 | 404.51 | 419.15 | 442.83 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.82 | |
| MACD (12,26,9): | -0.4800 | |
| Directional Movement: | -3.32 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 434.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 436.06 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 437.79 | |
| Zig ZAG (10): | 434.43 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 14.03 | |
| TEMA (21): | 434.30 | |
| Williams %R (14): | -99.40 | |
| Chande Momentum Oscillator (20): | -1.06 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.75 |
| MA7: | 431.89 | |
| MA20: | 403.40 | |
| MA50: | 364.85 | |
| MA100: | 355.02 | |
| MAexp7: | 434.87 | |
| MAexp20: | 435.49 | |
| MAexp50: | 435.44 | |
| MAexp100: | 433.82 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +7.69% | |
| Price / MA50: | +19.07% | |
| Price / MA100: | +22.37% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | +0.14% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on ELI LILLY AND CO. at the time of the analysis were as follows:
- Baricitinib in Combination with Remdesivir Reduces Time to Recovery in Hospitalized Patients with COVID-19 in NIAID-Sponsored ACTT-2 Trial
- Eli Lilly and Company: Eli Lilly and Company Files 10-Q
- Eli Lilly and Company: Eli Lilly and Company Files 8-K
- Eli Lilly and Company: Eli Lilly and Company Files Form 4
- Eli Lilly and Company: Eli Lilly and Company Files 8-K
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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