Eli Lilly may rise to 963.00 - 974.00

897 is our pivot point.

Our preference

As long as 897 is support look for 963.

Alternative scenario

The downside breakout of 897 would call for 878 and 867.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 890.919 and 827.1268).

Supports and resistances

986 **

974 *

963 **

952

918 (USD-last)

905

897 **

878 *

867 **

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