ELI LILLY AND CO. - 1H - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
94%
0%
6%
My opinion
Bullish above 831.21 USD
My targets
848.90 USD (+1.70%)
878.69 USD (+5.27%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ELI LILLY AND CO. as long as the price remains well above 831.21 USD. The buyers' bullish objective is set at 848.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 878.69 USD. If there is any crossing, the next objective would be the resistance located at 894.99 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 848.90 USD. On this resistance, against the trend traders who would like to go short on ELI LILLY AND CO. with a bearish signal from their trading strategy, should not hesitate to act.
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
3.4
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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 834.74 USD. The price has increased by +3.79% since the last closing and was traded between 820.18 USD and 840.89 USD over the period. The price is currently at +1.78% from its lowest and -0.73% from its highest.820.18
840.89
834.74
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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:
Technical
A technical analysis in 1H of this ELI LILLY AND CO. chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 615.87 | 723.80 | 789.32 | 834.74 | 848.90 | 878.69 | 894.99 |
| Change (%) | -26.22% | -13.29% | -5.44% | - | +1.70% | +5.27% | +7.22% |
| Change | -218.87 | -110.94 | -45.42 | - | +14.16 | +43.95 | +60.25 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 774.81 | 783.45 | 793.86 | 802.50 | 812.91 | 821.55 | 831.96 |
| Camarilla | 799.03 | 800.78 | 802.52 | 804.27 | 806.02 | 807.76 | 809.51 |
| Woodie | 775.70 | 783.89 | 794.75 | 802.94 | 813.80 | 821.99 | 832.85 |
| Fibonacci | 783.45 | 790.73 | 795.22 | 802.50 | 809.78 | 814.27 | 821.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 688.29 | 744.79 | 774.71 | 831.21 | 861.13 | 917.63 | 947.55 |
| Camarilla | 780.86 | 788.78 | 796.70 | 804.62 | 812.54 | 820.46 | 828.39 |
| Woodie | 674.99 | 738.15 | 761.41 | 824.57 | 847.83 | 910.99 | 934.25 |
| Fibonacci | 744.79 | 777.81 | 798.20 | 831.21 | 864.23 | 884.62 | 917.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 541.06 | 658.44 | 731.35 | 848.73 | 921.64 | 1,039.02 | 1,111.93 |
| Camarilla | 751.94 | 769.38 | 786.83 | 804.27 | 821.71 | 839.16 | 856.60 |
| Woodie | 518.84 | 647.32 | 709.13 | 837.61 | 899.42 | 1,027.90 | 1,089.71 |
| Fibonacci | 658.44 | 731.13 | 776.04 | 848.73 | 921.42 | 966.33 | 1,039.02 |
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): | 57.28 | |
| MACD (12,26,9): | 1.1400 | |
| Directional Movement: | 15.84 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 809.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 779.64 | |
| Elder Ray (13): | 13.15 | |
| Super Trend (3,10): | 793.17 | |
| Zig ZAG (10): | 829.16 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 77.62 | |
| TEMA (21): | 820.76 | |
| Williams %R (14): | -18.30 | |
| Chande Momentum Oscillator (20): | 45.26 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 6.16 |
| MA7: | 817.35 | |
| MA20: | 877.33 | |
| MA50: | 866.80 | |
| MA100: | 813.15 | |
| MAexp7: | 820.02 | |
| MAexp20: | 810.61 | |
| MAexp50: | 823.77 | |
| MAexp100: | 847.66 | |
| Price / MA7: | +2.13% | |
| Price / MA20: | -4.85% | |
| Price / MA50: | -3.70% | |
| Price / MA100: | +2.66% | |
| Price / MAexp7: | +1.80% | |
| Price / MAexp20: | +2.98% | |
| Price / MAexp50: | +1.33% | |
| Price / MAexp100: | -1.52% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on ELI LILLY AND CO.. At the time of publication of this analysis, the latest news 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
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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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