ELI LILLY AND CO. - 1H - Technical analysis published on 09/12/2023 (GMT)
- 132
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 576.31 USD
My targets
610.42 USD (+2.51%)
633.29 USD (+6.35%)
My analysis
The bullish trend is currently very strong on ELI LILLY AND CO.. As long as the price remains above the support at 576.31 USD, you could try to benefit from the boom. The first bullish objective is located at 610.42 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 633.29 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ELI LILLY AND CO. rating is 595.49 USD. The price is lower by -0.01% since the last closing with the lowest point at 587.85 USD and the highest point at 597.20 USD. The deviation from the price is +1.30% for the low point and -0.29% for the high point.587.85
597.20
595.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ELI LILLY AND CO.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ELI LILLY AND CO. chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 518.88 | 547.65 | 576.31 | 595.49 |
| Change (%) | -12.87% | -8.03% | -3.22% | - |
| Change | -76.61 | -47.84 | -19.18 | - |
| Level | Minor | Intermediate | Minor | - |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 573.63 | 579.05 | 587.31 | 592.73 | 600.99 | 606.41 | 614.67 |
| Camarilla | 591.80 | 593.05 | 594.31 | 595.56 | 596.81 | 598.07 | 599.32 |
| Woodie | 575.04 | 579.76 | 588.72 | 593.44 | 602.40 | 607.12 | 616.08 |
| Fibonacci | 579.05 | 584.28 | 587.51 | 592.73 | 597.96 | 601.19 | 606.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 528.74 | 540.72 | 563.59 | 575.57 | 598.44 | 610.42 | 633.29 |
| Camarilla | 576.88 | 580.07 | 583.27 | 586.46 | 589.66 | 592.85 | 596.04 |
| Woodie | 534.19 | 543.44 | 569.04 | 578.29 | 603.89 | 613.14 | 638.74 |
| Fibonacci | 540.72 | 554.03 | 562.26 | 575.57 | 588.88 | 597.11 | 610.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 369.02 | 407.47 | 480.84 | 519.29 | 592.66 | 631.11 | 704.48 |
| Camarilla | 523.45 | 533.70 | 543.95 | 554.20 | 564.45 | 574.70 | 584.95 |
| Woodie | 386.47 | 416.20 | 498.29 | 528.02 | 610.11 | 639.84 | 721.93 |
| Fibonacci | 407.47 | 450.19 | 476.58 | 519.29 | 562.01 | 588.40 | 631.11 |
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): | 72.78 | |
| MACD (12,26,9): | 7.8700 | |
| Directional Movement: | 16.70 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 598.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 597.75 | |
| Elder Ray (13): | 4.34 | |
| Super Trend (3,10): | 584.19 | |
| Zig ZAG (10): | 595.75 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 81.46 | |
| TEMA (21): | 599.91 | |
| Williams %R (14): | -15.27 | |
| Chande Momentum Oscillator (20): | 10.38 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 5.44 |
| MA7: | 575.16 | |
| MA20: | 558.58 | |
| MA50: | 502.29 | |
| MA100: | 466.71 | |
| MAexp7: | 594.39 | |
| MAexp20: | 587.40 | |
| MAexp50: | 574.76 | |
| MAexp100: | 561.42 | |
| Price / MA7: | +3.53% | |
| Price / MA20: | +6.61% | |
| Price / MA50: | +18.56% | |
| Price / MA100: | +27.59% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +3.61% | |
| Price / MAexp100: | +6.07% |
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:
- 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
Online
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…
Add a comment
Comments
0 comments on the analysis ELI LILLY AND CO. - 1H