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 08/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 895.50 USD

My targets

1,037.56 USD (+10.04%)

1,110.38 USD (+17.77%)

My analysis

The bullish trend is currently very strong on ELI LILLY AND CO.. As long as the price remains above the support at 895.50 USD, you could try to benefit from the boom. The first bullish objective is located at 1,037.56 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,110.38 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.

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

8.4

Comment on the analysis

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

ELI LILLY AND CO. rating 942.86 USD. The price has increased by +2.28% since the last closing and was traded between 930.51 USD and 967.00 USD over the period. The price is currently at +1.33% from its lowest and -2.50% from its highest.

930.51

967.00

942.86

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	724.52	788.93	895.50	942.86	949.13
Change (%)	-23.16%	-16.33%	-5.02%	-	+0.66%
Change	-218.34	-153.93	-47.36	-	+6.27
Level	Major	Major	Minor	-	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	907.37	911.94	916.87	921.44	926.37	930.94	935.87
Camarilla	919.20	920.07	920.94	921.81	922.68	923.55	924.42
Woodie	907.56	912.03	917.06	921.53	926.56	931.03	936.06
Fibonacci	911.94	915.57	917.81	921.44	925.07	927.31	930.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	833.75	857.76	889.94	913.95	946.13	970.14	1,002.32
Camarilla	906.67	911.82	916.97	922.12	927.27	932.42	937.57
Woodie	837.84	859.80	894.03	915.99	950.22	972.18	1,006.41
Fibonacci	857.76	879.23	892.49	913.95	935.42	948.68	970.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	540.32	657.52	730.34	847.54	920.36	1,037.56	1,110.38
Camarilla	750.90	768.31	785.73	803.15	820.57	837.99	855.41
Woodie	518.12	646.43	708.14	836.45	898.16	1,026.47	1,088.18
Fibonacci	657.52	730.11	774.96	847.54	920.13	964.98	1,037.56

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):	63.58
MACD (12,26,9):	18.2700
Directional Movement:	16.02
AROON (14):	78.57
DEMA (21):	897.06
Parabolic SAR (0,02-0,02-0,2):	825.44
Elder Ray (13):	57.27
Super Trend (3,10):	849.29
Zig ZAG (10):	941.66
VORTEX (21):	0.9100
Stochastique (14,3,5):	90.65
TEMA (21):	915.74
Williams %R (14):	-10.98
Chande Momentum Oscillator (20):	139.44
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	25.98

MA7:	919.76
MA20:	851.22
MA50:	879.14
MA100:	826.16
MAexp7:	913.63
MAexp20:	880.23
MAexp50:	862.60
MAexp100:	827.70
Price / MA7:	+2.51%
Price / MA20:	+10.77%
Price / MA50:	+7.25%
Price / MA100:	+14.13%
Price / MAexp7:	+3.20%
Price / MAexp20:	+7.12%
Price / MAexp50:	+9.30%
Price / MAexp100:	+13.91%

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.

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