Eli Lilly stock: buy or sell

LLY stock price: $196.21 0.65% At close on May 14th, 2021

Updated on:
May 17th, 2021

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Eli Lilly stock brief

  • Eli Lilly closed last Friday at $196.21 after barely moving a 0.65% breaking a streak of 3 sessions in negative.
  • Last Thursday broke out above its latest top at $192.65
  • 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?

Currently, Eli Lilly stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $LLY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Eli Lilly stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. In the same way as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must adhere our own trading strategy. When selling, as well as buying, our setups are very simple to use and are only valid for selling stocks you already own, not for shorting Eli Lilly stock

A golden rule is that you should not mantain an operation that produces greater losses than those expected at the time of purchase. 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?

In the current situation of Eli Lilly there is not any eligible sell setup, so Eli Lilly stock holders with operations in green can keep their positions

Eli Lilly ratings

In the last 30 days, 6 brokerage ratings were published for Eli Lilly. General sentiment is bullish, with 6 out of 6 posting optimistic forecasts

Eli Lilly analysts' ratings - Last 30 days
Brokerage firmRating
Apr 28th, 2021
Barclays Buy
Mizuho Strong buy
Morgan Stanley Buy
May 4th, 2021
Barclays Buy
Mizuho Strong buy
Morgan Stanley Buy

Eli Lilly stock analysis

Last Thursday, the price broke out over the previous top at $192.65 on the downtrend started last January. Since then, the price action resulted in a 1.85% profit.

SMAs overview

LLY stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $211.23 (7.66% above)
  • R2: $216.14 (10.16% above)
  • The current supports are:

  • S1: $193.97 (-1.14% below)
  • S2: $192.65 (-1.81% below)
  • S3: $179.03 (-8.76% below)
  • Bollinger bands

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

    LLY stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really serving to help us make any decisions.

    LLY stock RSI chart

    Eli Lilly stock price history

    Eli Lilly started trading 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. An investment of thousand dollars on the IPO would have a value of $inf nowadays.

    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 share will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions released by financial institutions in the last 30 days. If you are a small investor you don't have to trade based on these predictions.

    There are 6 price forecasts issued for Eli Lilly that average $216.67. Eli Lilly closed at $196.21 last Friday, that is a 9.44% than the target price.

    Eli Lilly stock price predictions
    Brokerage firmPrice target
    Apr 28th, 2021
    Barclays $232.00$227.00
    Mizuho $228.00$216.00
    Morgan Stanley $217.00$207.00
    May 4th, 2021
    Barclays $232.00$227.00
    Mizuho $228.00$216.00
    Morgan Stanley $217.00$207.00

    Earnings and financials

    In late April, Eli Lilly and Company ($LLY) posted adjusted EPS for that worsened Wall St. expectations. Quarterly EPS was $1.87 per share from an estimated $2.14. This quarterly report represents an earnings surprise of -12.62%. On the contrary, the company reported revenue for Q1 was $6.8 billion in line with the market forecasts.

    Compared to the same quarter last year, EPS was $1.75, so reported EPS is a increase of 6.86%. Looking at sales, figures exploded a 16.14% compared to $58.6B same quarter last year.

    Eli Lilly ($LLY) will host the Q2 earnings call next July. Market analysts analysts predict of $1.90, that is a 1.60% more than previous quarter.

    Eli Lilly performance

    LLY performance compared
    Company1m3m6m
    Eli Lilly ($LLY) 5.20% -4.30% 38.50%

    Important note:
    The viewpoints written in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the individual positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative reasons only

    Eli Lilly summary

    Friday, May 14th, 2021
    Open$195.71
    Close$196.21
    Day range$194.92 - $197.27
    Previous close$194.94
    Session gain0.65%
    Average true range$4.92
    50d mov avg$188.39
    100d mov avg$189.70
    200d mov avg$167.99
    Earnings dateJuly 29th, 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 6 ratings in the last 30 days: 6 bullish, 0 bearish and 0 neutral.

    Will LLY go up?

    Eli Lilly had different price predictions posted by analysts in the last 4 weeks forecasting the target price to $216.67. That is a 10.43% than the current price ($196.21).