Eli Lilly is neutral

Our pivot point is at 876.

Our preference

Look for a drop towards 876 before a bounce.

Alternative scenario

Below 876, expect 843 and 823.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 907.589 and 901.0238).

Supports and resistances

1023 **

1003 *

983 **

963

913.72 (USD-last)

890

876 **

843 *

823 **

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