$LLY with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:LLY after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
LLYC trade ideas
LLY - Sell the Good News??As compelling as the recent drug breakthrough may have been, it seems to have opened up an opportunity - time to short LLY stock?
Healthcare has shown a lot of strength in general this year, but has lately shown it can move independently of the market. For instance, during the August rally, it declined significantly. However, in this September slowdown, it has instead consolidated at nearly the same price level. You could view a short on this stock as a hedge to whatever you may be doing with the index.
LLY in general has been overvalued for a while, especially comparing to other healthcare stocks and even when accounting for future growth. However, a number of strong supports have formed as the stock has gone higher.
I think that a cautious short position would be good here, but pay close attention to the $320 and $300 level. It looks like it has rejected anything higher than the current levels (see bearish top wick & previous triple top.) There could be some news risk.
LLY is so bullish going to 470 region this monthLLY is so bullish this is going to 470 regions this month and mostly this week is also bullish.
Long without leverage!
LLY Gapping up On Alzheimer results.
Stock has been up for 8 straight weeks. After breaking out of a broadening wedge
Weekly and daily RSI overbought
Outside weekly BBands
Nearing resistance around 430
Wait for a rejection at or around trendline resistance.
Target -404 gap close
Stop loss 432
LLY resistanceXLV health care has had a tremendous rally as money has moved into these defensive business models.
LLY looks primed for a decent pullback .
Eli Lilly and Company - ShortLLY missed out on earnings while being near it's all-time high.
Technical analysis indicates a bearish sentiment as the chart forms a rising wedge.
Bearish divergence on the MACD chart.
Entry price at 392.90
Exit price at 369.56
Stop loss at 401.7
LLY - Rising Trend Channel [Mid Term]- LLY is in a rising trend channel in the medium long term.
- LLY has also received a positive signal from the moving average indicator, thus signaling a continued rise.
- LLY has broken up through resistance at 375.
- The short term momentum of the stock is strongly positive, with RSI above 70.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
LLY - How to handle earningsNYSE:LLY reports this Thursday. The drop in early March to test the bottom of the uptrend was a great opportunity. Now it's at all time high, showing bearish divergence, and has a history of price reversals after earnings releases.
I'll be looking for updates on their pipeline management, monjaro production and growth, and progress toward Alzheimer treatment. The latter is high potential, but clinical trials in that space fail regularly.
I'll likely take a little profit before earnings and then re-accumulate to pullbacks to the HKEX:347 -356 range.
OVERBOUGHTRSI is at 82.17. THIS IS NOT TO LONG ENTRY LEVEL. (EL)
It is often important to Wait for EL especially when price is struggling.
Price is trying to touch the top of the cup.
There is not a well formed handle but I drew a green line where I see some support. You may see this differently.
ATH is 384.44.
Spinning top representing indecision at resistance.
No recommendation
Price is above the .236 of the trend up.
Overbought refers to a security with a price that's higher than its intrinsic value. Many investors use price-earnings (P/E) ratios to determine if a stock is overbought, while traders use technical indicators, like the relative strength index (RSI).
An oversold market is one that has fallen sharply and is expected to bounce higher. On the other hand, an overbought market has risen sharply and is possibly ripe for a decline. Securities can remain overbought or oversold for extended periods of time.
LLY SELL +++++ LLY is WAY overbought here and for a short term scalp we should revisit in next few days $355.96 and $347.21 before possibly breaking out to an all time high as this stock has been in a forever uptrend
long position on LLY
My strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
LLLY Bull TrendLLY has a good bull trend channel on a day time frame
RSI at the moment at 368 is overbought and there might be correction where it will stay in accumulation mode or flat line for some time but then it can continue to move forward . should be bought with those opportunities
long position on LLYMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
long position on LLYMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
long position on LLYMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
342 target342 target take some extra time ........................................................................................................................................................
LLY - Double TopOn the chart we can see a double top occurring for LLY.
The RSI is showing a bearish hidden divergence and the last candle is bearish as well.
We are expecting it to break the current support level, and hit our target.
More details are shown on the chart.
Good luck!
Eli lilly and company looking good for longEli Lilly and company had been trading in the channel and currently taking support of the same after price correction. If stop loss is very small for a good risk reward. If channel breakdown, wait for the next support.
ELI LILLY on the best buy opportunity of the year!Eli Lilly and Company (LLY) has been trading within a Channel Up pattern since the October 30 2020 low exactly on the 1W MA100 (red trend-line). As the 1D RSI turned oversold below the 30.00 barrier, while the price touched the bottom (Higher Lows trend-line) of the Channel Up, it has filled all conditions for the most optimal buy level of the year. There have been another three similar oversold events, each on one year since 2020.
Once the price breaks above the 1D MA200 (orange trend-line) again, which you can use as confirmation and take the buy after it, we'll set a target at $390.00 on a 4 month horizon.
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$LLY with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LLY after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
Looks Like A Roof! I do not see this pattern often (like maybe 2 other times that I remember) so I googled it and T. Bulkowski (the best chart analyst I have ever followed) had some information online about a "Roof" pattern. I do not see 2 triangles attached to each other at the wide ends which would make a diamond top, but you may see things differently.
T. Bulkowski did not say if it was bullish or bearish, only that it performed poorly statistically among other chart patterns. So I will watch this and maybe learn from it, but to me it resembles a version of a H&S without distinctive peaks for the head or the 2 shoulders.
There are so many rising wedges under this stock that span over the last 2 years that it would be impossible to draw them all, so I will refer to the lowest wedge which would take this under 200 if the bottom trendline were to be broken. Rising wedges are not valid until the bottom line is broken, but when they are broken expect a pull back due to the over-supply inside the wedge..
Price is well above the.236 of the trend up.
LLY is priced for perfection. Not one little thing can be out of place when you are perfect.
No recommendation.
LLY daily - bullish after breakoutLLY daily - is in the bull flag which could be nice and could be bullish if the price breaks out through the upper blue dotted line.
Volume decreased last two days which is bearish because the price went up at a lower volume. Price is moving around 8, 20, and 50 days MA which could indicate a strong move pretty soon.
RSI is neutral.
MACD histogram tick is smaller while the MACD line turns and starts to move up which could be bullish if continue to do so. It also has small bullish divergences.
Overall: LLY could have a strong up move if it moves very strongly above the upper blue dotted line and close there. Long trade would be triggered if the price moves strongly on a bigger volume than the last 20 days' average volume, or if the day is closed above that dotted trend line.
Have in mind that it also looks like an SHS reversal pattern, therefore, I said LLY needs a powerful move for a long position.
LLY is a strong/bulling fundamental stock therefore would be traded only long.
LLY going lower Healthcare has been a safe bet this past year and is starting to look weak across the board. The sector is usually defensive, but it feels overbought. Should see continued selling.
Short term PT: $320
