MENU
Go to the list of all blogs
Anna G's Avatar
published in Blogs
Jun 06, 2023

Eli Lilly & Co (LLY) Shows Promising Signs of Uptrend Continuation

Eli Lilly & Co (LLY) is expected to maintain its upward trajectory, according to A.I.dvisor's predictions. With a projected growth of 2% to reach $451.18 or higher within the next week, the stock shows promising signs of an Uptrend continuation. This positive outlook is supported by a winning streak that has extended for consecutive weeks, indicating strong momentum.

Join our  team and immerse yourself in the world of AI-driven trading with Eli Lilly & Co. Experience the power of our Bearish S&P 500 Swing Trader: one position only (TA), meticulously crafted using advanced technical analysis (TA) techniques.

With our AI-powered approach, we focus on identifying optimal swing trading opportunities within the S&P 500 index. Eli Lilly & Co has caught our attention as a bearish candidate, presenting an intriguing position for potential profits. By leveraging our cutting-edge technology, we have devised a strategy tailored to capitalize on this market sentiment.

One notable indicator that suggests further upside potential for LLY is the Aroon Indicator. On June 01, 2023, the AroonUp line crossed above 70, while the AroonDown line remained below 30. This bullish signal indicates that the stock may be setting up for a potential upward move. Traders may consider buying LLY or exploring call options to capitalize on this anticipated trend continuation. Looking at historical data, A.I.dvisor identified 353 similar instances where the Aroon Indicator exhibited a similar pattern, and in 240 of those cases, the stock moved higher in the subsequent days. This translates to an encouraging 68% probability of a move higher for LLY.

Furthermore, there is a notable correlation between LLY and MRK over the past year. These two tickers have shown a loose lockstep movement around 57% of the time. This statistical relationship suggests that if LLY experiences a jump in price, there is a possibility that MRK could also see price increases. Investors interested in LLY may want to keep an eye on MRK as well for potential opportunities.

As investors assess the prospects of Eli Lilly & Co (LLY), it's important to consider both short-term and long-term perspectives. The short-term outlook, driven by technical analysis indicators, indicates an Uptrend continuation with a 78% probability. On the other hand, fundamental analysis ratings provide insights into the long-term valuation of the stock. By considering these different perspectives, investors can make informed decisions regarding their investment strategies.

Eli Lilly & Co (LLY) shows promising signs of an Uptrend continuation, supported by A.I.dvisor's projections and positive technical indicators. With the stock's winning streak, the bullish Aroon Indicator, and a correlation with MRK, investors may find opportunities for growth and potential price increases in the coming weeks.

Related Ticker: LLY

LLY in upward trend: price rose above 50-day moving average on October 08, 2024

LLY moved above its 50-day moving average on October 08, 2024 date and that indicates a change from a downward trend to an upward trend. In of 39 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 10, 2024. You may want to consider a long position or call options on LLY as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for LLY just turned positive on October 09, 2024. Looking at past instances where LLY's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LLY advanced for three days, in of 358 cases, the price rose further within the following month. The odds of a continued upward trend are .

LLY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for LLY crossed bearishly below the 50-day moving average on October 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LLY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for LLY entered a downward trend on October 09, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 75%.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LLY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: LLY's P/B Ratio (67.114) is very high in comparison to the industry average of (5.632). P/E Ratio (131.129) is within average values for comparable stocks, (48.974). Projected Growth (PEG Ratio) (1.440) is also within normal values, averaging (3.004). Dividend Yield (0.006) settles around the average of (0.164) among similar stocks. LLY's P/S Ratio (20.121) is very high in comparison to the industry average of (3.643).

Notable companies

The most notable companies in this group are Eli Lilly & Co (null:LLY), Johnson & Johnson (null:JNJ), Merck & Co (null:MRK), ABBVIE (null:ABBV), AstraZeneca PLC (null:AZN), Pfizer (null:PFE), Amgen (null:AMGN), Bristol-Myers Squibb Co (null:BMY), Gilead Sciences (null:GILD), Biogen (null:BIIB).

Industry description

The Major Pharmaceuticals industry includes companies that are involved in various processes of creating drugs to treat/prevent diseases. These companies engage in research, testing and manufacturing, as well as the distribution of pharmaceuticals into markets. Johnson & Johnson, Merck & Co., Inc., Pfizer Inc. and Novartis are among the largest companies in this category.

Market Cap

The average market capitalization across the Pharmaceuticals: Major Industry is 86.34B. The market cap for tickers in the group ranges from 72.83K to 739.66B. LLY holds the highest valuation in this group at 739.66B. The lowest valued company is CRXTQ at 72.83K.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Major Industry was -0%. For the same Industry, the average monthly price growth was -0%, and the average quarterly price growth was 9%. MAYNF experienced the highest price growth at 28%, while BAYZF experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Major Industry was 12%. For the same stocks of the Industry, the average monthly volume growth was 22% and the average quarterly volume growth was -17%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 33
P/E Growth Rating: 66
Price Growth Rating: 54
SMR Rating: 63
Profit Risk Rating: 68
Seasonality Score: 28 (-100 ... +100)
View a ticker or compare two or three
LLY
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of pharmaceutical products

Industry PharmaceuticalsMajor

Profile
Fundamentals
Details
Industry
Pharmaceuticals Major
Address
Lilly Corporate Center
Phone
+1 317 276-2000
Employees
43000
Web
https://www.lilly.com
Ad is loading...
The latest insights from the AI trading robots, specifically those accessible through "Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA)," have proven to be noteworthy. One standout performer in their portfolio is DLTR, which boasted a commendable +5.60% gain over the previous week. DLTR has been on an impressive uptrend, recording gains for three consecutive days as of December 04, 2023. In the realm of technical analysis, a three-day upward movement is often perceived as a bullish signal.
In the ever-evolving landscape of financial markets, Artificial Intelligence (AI) trading robots have emerged as potent tools for investors seeking an edge. The recent performance of the AI trading robots accessible through "Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA)" has caught the attention of market participants. Notably, these bots generated an impressive +10.22% gain in a week, with a focus on trading TSM (Taiwan Semiconductor Manufacturing Company).
In the fast-paced world of stock trading, artificial intelligence (AI) has become a game-changer, with trading robots demonstrating impressive results. The "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" platform recently showcased the effectiveness of its bots, generating a notable +7.86% gain while actively trading AMD over the past week.
The Tickeron quant team is delighted to introduce our best robot of the week tailored for Trend Traders. Our sophisticated AI Robot, has been designed for manual trading enthusiasts who value independent signal selection.
In the fast-paced world of AI trading, algorithms powered by sophisticated technical analysis tools are making waves. The "Swing trader: Top High-Volatility Stocks v.2 (TA)" bots have proven their mettle, securing a remarkable +6.02% gain in a week of trading AVGO.
Artificial intelligence (AI) trading robots have become an integral part of the market landscape. One such example is the "Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA)" bot, which showcased impressive results with a +5.54% gain while trading LRCX over the past week. In this article, we delve into the technical analysis of LRCX, examining its recent earnings report and broader industry trends.
In the realm of AI-driven trading, the "Swing Trader: ETFs for Growing Industries (TA)" platform recently showcased impressive results, with its trading bots generating a noteworthy +5.09% gain while actively trading TQQQ over the past week. As we delve into the intricacies of these AI trading strategies, let's dissect the recent earning results and market indicators to better understand the driving forces behind their success.
In the fast-paced world of AI-driven trading, the utilization of sophisticated algorithms and technical analysis tools is becoming increasingly prevalent. One notable example is the Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA), which demonstrated its prowess by generating a commendable +5.02% gain while trading NVDA over the past week. Let's delve into the technical indicators and earnings results to gain a comprehensive understanding of NVDA's current market standing.
In the dynamic world of stock trading, the utilization of AI trading robots has become increasingly prevalent. One such example is the "Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)," which showcased its prowess by yielding a remarkable +4.98% gain while trading ZIM over the previous week. As we delve into the intricacies of ZIM's recent performance, let's analyze the earnings results, market indicators, and industry trends that shape the narrative.
In the ever-evolving landscape of financial markets, artificial intelligence (AI) trading bots have emerged as powerful tools, providing investors with automated strategies to navigate the complexities of stock trading. In this analysis, we delve into the recent performance of AI trading robots, specifically those accessible through "Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)," which demonstrated a remarkable +4.67% gain while trading MRVL over the previous week.
The Tickeron quant team proudly presents our top-performing AI robot for swing traders. This robot stands out with its remarkable accuracy, empowering traders to capitalize on diverse market conditions and transaction types. Demonstrating its proficiency, it achieved profitability in short trades during last week's strong uptrend in the US stock markets.
The use of artificial intelligence (AI) in trading has become increasingly prevalent, with bots proving their mettle in the dynamic world of stocks. In this analysis, we delve into the recent performance of AI trading robots, specifically those accessible through "Swing Trader: High Volatility Stocks for Active Trading (TA&FA)." One noteworthy achievement is the impressive +4.65% gain generated by these bots while trading AMD over the course of the previous week.
These sophisticated algorithms leverage data analytics and machine learning to execute trades with speed and precision, aiming to capitalize on market fluctuations and volatility. In a recent demonstration of their prowess, the Swing Trader: Top High-Volatility Stocks v.2 (TA) platform showcased remarkable performance, yielding a notable +4.50% gain while trading XLK over the previous week.
This is particularly evident in the recent performance of bots accessible via "Day Trader: High Volatility Stocks for Active Trading (TA&FA)." These bots, often likened to efficient bot factories, have demonstrated remarkable proficiency, yielding a notable +4.08% gain while actively trading LRCX over the past week.
One notable example comes from "Swing Trader: Stocks from Financial Sector (TA&FA)," where these AI trading robots have proven their mettle, securing a commendable +4,07% gain while trading WABC over the past week. This achievement underscores the potential of AI-driven strategies in navigating the complexities of the financial markets.
The 'metabolic' category within the biotechnology industry has been witnessing remarkable growth, particularly in companies focused on developing drugs for gastrointestinal and metabolism disorders.
The portable device sector, encompassing companies involved in the production and sale of portable devices, witnessed a notable performance surge of +8.63% over the past week. This surge was led by prominent players including Apple (AAPL), CEVA, and Generac Holdings (GNRC). Despite this recent uptick, however, the sector currently faces a negative outlook, as indicated by various technical indicators and market sentiment analyses.
The Pulp & Paper industry, encompassing companies involved in the production of pulp, paper, and specialty paper products, has witnessed an impressive average stock gain of 11.68% over the last week.
In the whirlwind of the current mergers and acquisitions frenzy, investors are reaping substantial rewards as stocks within the merger industry theme surged by an impressive 20.9% on average over the past month.
The Tickeron quant team proudly introduces our premier AI Robot, tailor-made for trend traders who prefer manual trading and selecting their own signals. This AI Robot stands out with its impressive track record of consistent trading predictions, empowering traders to align their decisions with personal preferences.