Eli Lilly stock: buy or sell

LLY stock price: $206.47 0.77% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021

2

Eli Lilly stock brief

  • Eli Lilly closed on Monday at $206.47 after scarcely changing a 0.77%.
  • The stock is configuring an uptrend pattern since October 2020, when it bottomed at $128.01. This rally marked a 61.29% gain
  • Eli Lilly and Company discovers, develops, manufactures, and markets human pharmaceutical products worldwide.

Should I buy Eli Lilly stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $LLY stock a buy?

Currently, Eli Lilly stock matches one trading strategy:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that shares price doesn't have upper resistances, and usually it scales fast. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Eli Lilly can break to all-time highs any time soon, as it only needs to rise a 5.14%. Setup your buy order at $217.09 if you want to trade with this strategy. Place your stop-loss at $195.38

Buy setupBuy pointStop lossRisk
ATH buy setup$217.09$195.3810.00%

Should I sell Eli Lilly stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. As when we have to buy shares, choosing when is appropiate time to sell is not a random decision, and we must adhere our own trading style. When selling, as well as buying, detailed setups are very easy to follow but are only valid for selling stocks you already own, not for shorting $LLY stock

As a golden rule, you should never mantain an open trade that yields higher than expected losses by the time of the buy. The timing to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Eli Lilly stock?

Currently, Eli Lilly stock doesn't match any of our preferred sell setups, so if you hold Eli Lilly shares and your operation is in profit probably is not time to sell now

Eli Lilly ratings

In the last 30 days, 5 brokerage ratings were published for Eli Lilly. General sentiment is bullish, with 4 out of 5 posting optimistic outlooks

Eli Lilly analysts' ratings - Last 30 days
Brokerage firmRating
Feb 1st, 2021
Barclays Buy
Mizuho Strong buy
Truist Neutral
Feb 4th, 2021
Morgan Stanley Buy
Feb 12th, 2021
Cowen Buy

Eli Lilly stock analysis

Eli Lilly shares started an uptrend in October 2020, and gained an amazing 61.29%. During this uptrend, the price offered some entry points on the breakouts. Latest low was last January, when price bounced at $161.11. Like in all uptrends, price needs to take breath and now price is moving in a range between $217.09 and $161.11

SMAs overview

LLY stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $217.09 (5.14% above)
  • The current support levels are:

  • S1: $173.18 (-16.12% below)
  • S2: $168.35 (-18.46% below)
  • S3: $165.08 (-20.05% below)
  • Bollinger bands

    The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks

    LLY stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early February after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Monday was 61.39. Since that level was lost, Eli Lilly stock barely moved a 0.31%

    LLY stock RSI chart

    Eli Lilly stock price history

    Eli Lilly started trading priced at an adjusted price1 of $0.00 on Jun 1972. Since then, LLY stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Eli Lilly stock on Jun 1972, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    LLY stock price history chart

    Price target for Eli Lilly stock

    Nobody can predict how much a share will be priced tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions post their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and usually. If you are a small investor you shouldn't trade based on these projections.

    The average price target for Eli Lilly stock calculated from the table below is $225.40. Eli Lilly closed at $206.47 on Monday, so the target price is forecasting a growth by 9.17%.

    Eli Lilly stock price predictions
    Brokerage firmPrice target
    Feb 1st, 2021
    Barclays $190.00$232.00
    Mizuho $222.00$228.00
    Truist $200.00$215.00
    Feb 4th, 2021
    Morgan Stanley $190.00$217.00
    Feb 12th, 2021
    Cowen $195.00$235.00

    Earnings and financials

    Shareholders event was hosted by Eli Lilly ($LLY) last January after posting the financial report. Eli Lilly posted earnings of $2.75 per share on sales of $7.4 billion. The consensus earnings estimate was $2.35 per share on revenue of $7.3 billion.

    In contrast, the EPS for the same quarter last year was $1.73, so current EPS means a increase of 58.96%. Looking at revenue, figures skyrocketed a 21.69% compared to $61.1B year over year.

    Eli Lilly ($LLY) will host the earnings call mid next April. Estimated for this quarter is $2.19, compared to $2.75 that was reported for Q4.

    Eli Lilly performance

    LLY performance compared
    Company1m3m6m
    Eli Lilly ($LLY) -2.20% 42.40% 40.00%

    Please read:
    The viewpoints expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the individual conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for education reasons only

    Eli Lilly summary

    Monday, March 1st, 2021
    Open$205.78
    Close$206.47
    Day range$204.78 - $208.24
    Previous close$204.89
    Session gain0.77%
    Average true range$4.75
    50d mov avg$189.63
    100d mov avg$166.75
    200d mov avg$159.58
    Earnings dateApril 22nd, 2021

    Frequently asked questions

    What is Eli Lilly stock symbol?

    Eli Lilly and Company is a public company trading in the US stock market with the LLY symbol

    Is Eli Lilly stock a buy or sell?

    Eli Lilly received 5 ratings in the last 30 days: 4 bullish, 0 bearish and 1 neutral.

    Will LLY go up?

    Eli Lilly had different price forecasts issued by market analysts in the last month forecasting the target price to $225.40. That is a 9.17% than the current price ($206.47).