Learn to Evaluate (LLY) using the Charts
May 27, 2024, 19:56 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LLY
- Buy LLY slightly over 789.22 target 848.38 stop loss @ 786.94 Details
The technical summary data tells us to buy LLY near 789.22 with an upside target of 848.38. This data also tells us to set a stop loss @ 786.94 to protect against excessive loss in case the stock begins to move against the trade. 789.22 is the first level of support below 807.43 , and by rule, any test of support is a buy signal. In this case, support 789.22 is being tested, a buy signal would exist.
- Short LLY slightly under 848.38, target 789.22, stop loss @ 850.83 Details
The technical summary data is suggesting a short of LLY as it gets near 848.38 with a downside target of 789.22. We should have a stop loss in place at 850.83though. 848.38 is the first level of resistance above 807.43, and by rule, any test of resistance is a short signal. In this case, if resistance 848.38 is being tested, a short signal would exist.
Swing Trading Plans for LLY
- Buy LLY slightly over 822.09, target 848.38, Stop Loss @ 819.72 Details
If 822.09 begins to break higher, the technical summary data tells us to buy LLY just slightly over 822.09, with an upside target of 848.38. The data also tells us to set a stop loss @ 819.72 in case the stock turns against the trade. 822.09 is the first level of resistance above 807.43, and by rule, any break above resistance is a buy signal. In this case, 822.09, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LLY slightly near 822.09, target 798.69, Stop Loss @ 824.46. Details
The technical summary data is suggesting a short of LLY if it tests 822.09 with a downside target of 798.69. We should have a stop loss in place at 824.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 822.09, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for LLY
- Buy LLY slightly over 808.3, target 822.09, Stop Loss @ 806.41 Details
If 808.3 begins to break higher, the technical summary data tells us to buy LLY just slightly over 808.3, with an upside target of 822.09. The data also tells us to set a stop loss @ 806.41 in case the stock turns against the trade. 808.3 is the first level of resistance above 807.43, and by rule, any break above resistance is a buy signal. In this case, 808.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LLY slightly near 808.3, target 798.69, Stop Loss @ 810.19. Details
The technical summary data is suggesting a short of LLY if it tests 808.3 with a downside target of 798.69. We should have a stop loss in place at 810.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 808.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Eli Lilly And Company (LLY) available here: LLY.
LLY Ratings for May 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
733.32 |
| P2 |
808.3 |
798.69 |
789.22 |
| P3 |
823.43 |
822.09 |
848.38 |
AI Generated Signals for LLY
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Eli Lilly And Company (NYSE: LLY) report below can help you understand how to do this. The trading plans for LLY, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LLY:
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