Eli Lilly stock: buy or sell

LLY stock price: $243.50 -0.75% At close on Jul 30th, 2021

Updated on:
Aug 1st, 2021

2

Eli Lilly stock brief

  • After reaching new all-time highs last Wednesday, Eli Lilly closed on Friday at $243.50 merely changing a -0.75%
  • Eli Lilly made public its earnings report last Thursday
  • On July 23 broke out above its latest top at $239.37
  • Eli Lilly and Company discovers, develops, manufactures, and markets human pharmaceuticals 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?

In the current situation of Eli Lilly there is just one buy setup eligible:

Uptrend buy setup

Eli Lilly stock is in an uptrend since last April that so far has marked a gorgeous 37.00% gain. Price marked a pull back in this uptrend at $226.88 last June, and since then it bounced up a 7.33%. Price just broke out above the entry point at $239.37, but it can be traded. If price climbs beyond $251.34, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $220.07

Buy setupBuy pointStop lossRisk
Uptrend buy setup$239.37$220.078.06%

Should I sell Eli Lilly stock?

When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your profits. Similarly to when we have to buy shares, determining when is appropiate time to sell is not a whimsy decision, and we must use our own trading style. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies are not intended for shorting Eli Lilly stock

A guiding principle is that you should not hold an operation that leads to greater losses than those expected by the time of purchase. The timing to sell shares should always be ruled 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 own Eli Lilly stock and your operation is in profit probably is not time to sell now

Eli Lilly ratings

We don't have any rating posted in the last month for Eli Lilly

Eli Lilly stock analysis

Since last April, Eli Lilly has been printing an uptrend that so far marked an amazing 36.96%. The chart shows higher peaks and troughs, and along the way provided very few buy points for those who wanted to trade in. Latest low was last June, when price bounced at $226.88. Eli Lilly broke out above $239.37 (its last top) on July 23. That breakout was a good buy point

$LLY at Highs

Last Wednesday, Eli Lilly marked new all-time highs (ATH) again at $248.40. Stock rallied fast in the last 10 sessions, hiting new all-time highs 3 times

SMAs overview

LLY stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current supports are:

  • S1: $239.37 (-1.70% below)
  • S2: $226.88 (-6.83% below)
  • S3: $216.14 (-11.24% below)
  • Bollinger bands

    Since the price surpassed the upper band last Wednesday, the price sliced by 1.97%. The price is trading very close to the upper Bollinger band, indicating 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 last Thursday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Friday was 65.23

    LLY stock RSI chart

    Eli Lilly stock price history

    Eli Lilly went public on Jun 1st, 1972 priced at $0.00 per share1. Since then, LLY stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in Eli Lilly stock on the IPO, 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 knows how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    The following table shows the price forecasts released by financial institutions for the last 30 days. Again, these estimates are not direct recommendations for individual traders and must not be trusted blindly.

    We don't have any target price posted in the previous 4 weeks for Eli Lilly.

    Earnings and financials

    Eli Lilly ($LLY) had the quarterly earnings call and presented the report last Thursday.

    Compared to the same quarter last year, EPS was $1.89, so posted EPS means -100.00%. Looking at turnover, figures skyrocketed a 16.14% compared to $58.6B year over year.

    Eli Lilly ($LLY) will host the quarterly earnings call next October.

    Eli Lilly performance

    LLY performance compared
    Company1m3m6m
    Eli Lilly ($LLY) 6.10% 33.70% 17.30%

    Important:
    The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific circumstances of the reader, his or her own finances 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 informational reasons only

    Eli Lilly summary

    Friday, July 30th, 2021
    Open$244.9
    Close$243.5
    Day range$242.63 - $245.95
    Previous close$245.33
    Session gain-0.75%
    Average true range$4.64
    50d mov avg$224.47
    100d mov avg$206.02
    200d mov avg$187.76
    Earnings dateOctober 26th, 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 had no ratings in the last four weeks Read the article to get additional tips on trading LLY stock.

    Will LLY go up?

    There were no forecasts published by analysts in the last 30 days for Eli Lilly.