Eli Lilly may fall to 799.00 - 819.00

Our pivot point stands at 918.

Our preference

The downside prevails as long as 918 is resistance.

Alternative scenario

The upside breakout of 918 would call for 952 and 972.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 912.3585 and 894.9412).

Supports and resistances

972 **

952 *

918 **

905

884.48 (USD-last)

839

819 **

799 *

780 **

Number of asterisks represents the strength of support and resistance levels.