Stocks

Eli Lilly may rise to 1047.00 - 1091.00

2024-08-14

833 is our pivot point.

Our preference

Our next up target stands at 1047.

Alternative scenario

Below 833, expect 761 and 718.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 837.554 and 870.9848).

Supports and resistances

1135 **

1091 *

1047 **

1003

908.05 (USD-last)

862

833 **

761 *

718 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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