What is the forecast for LLY's trend tomorrow?
7/18/2025 10:31am
The forecast for Eli Lilly's (LLY) trend tomorrow, July 18, 2025, is **bullish**. Here's a detailed analysis to support this conclusion:
1. **Earnings Report**: LLY's earnings report for the quarter ending June 30, 2025, is expected to be released on August 7, 2025. The upcoming earnings report is likely to influence the stock's trend positively, as investors anticipate a report of EPS $5.3, indicating a 35.2% upward movement from the corresponding quarter of the prior year.
2. **Current Trend**: The stock is currently between narrow support and wide support levels, and between narrow support and narrow resistance levels. This positioning suggests that the stock has a potential for upward movement as it approaches the resistance level.
3. **Forecast Price Trend**: The forecast for LLY's price trend for the next few days shows a bullish outlook. The forecast price for July 18, 2025, is $791.53, which is higher than the current closing price of $761.5. This indicates a potential for the stock to move upwards.
4. **Analyst Sentiment**: Analysts have a bullish outlook on LLY, with a recent price target set at $1,100 by JPMorgan, citing strong momentum in the company's obesity treatment portfolio. This sentiment is positive and could contribute to an upward trend in the stock's price.
5. **Market Performance**: LLY has recently beaten the S&P 500 in terms of daily performance, and the stock's performance over the past month has been better than the Medical sector. This could indicate a positive trend that may continue.
In conclusion, the forecast for LLY's trend tomorrow, July 18, 2025, is **bullish**, with several factors indicating a potential for the stock to move upwards. Investors may consider these factors when making investment decisions for the stock.