LLY stock

Eli Lilly (LLY) stock is currently showing a mixed technical picture, with both bullish and bearish indicators present:

1. Recent Performance: LLY's stock has experienced a decline of 1.65% in the most recent trading session, underperforming the S&P 500's gain of 0.4%. However, the stock has outperformed the Dow and Nasdaq in the same period.

2. Technical Indicators:
   • The stock's price is below its 5-Day, 10-Day, and 20-Day moving averages, which are $919.66, $917.18, and $922.79, respectively. This suggests a bearish trend in the short term.
   • The stock's price is also below its 30-Day, 50-Day, and 60-Day moving averages, which are $905.3, $922.79, and $917.18, respectively. This indicates a bearish trend in the medium term.
   • The Moving Average Convergence Divergence (MACD) is -4.82, which typically indicates a bearish signal.
   • The Relative Strength Index (RSI) is 38.4, which is close to the oversold territory but not yet indicating a reversal.
   • The KDJ indicator is 32.8, which suggests that the stock is currently oversold.
3. Support and Resistance Levels: The current support level is at $905.3, and the resistance level is at $921.85. The stock is trading close to its support level, which could indicate a floor for the stock price.
4. Analyst Ratings: LLY has a Zacks Consensus Estimate for EPS of $4.53, which is a significant increase from the prior year's quarter. Additionally, the company is expected to report revenue of $12.18 billion, which is a 28.24% increase from the prior year's quarter. These estimates suggest that analysts have a positive outlook on the company's financial performance.
5. Market Sentiment: The overall technical sentiment for LLY is bearish, as indicated by the stock's performance relative to its moving averages and the MACD. However, the stock's proximity to its support level suggests that it may find a floor at this price and potentially reverse.

In conclusion, LLY's stock is currently showing a bearish trend in the short and medium term, as indicated by the stock's performance relative to its moving averages and the MACD. However, the stock's proximity to its support level suggests that it may find a floor at this price and potentially reverse. Investors should closely monitor the stock's performance relative to its moving averages and the broader market conditions.