Based on the provided data and recent market activity, here's the analysis and price prediction for LLY for the next trading week:
Technical Analysis
- LLY closed at $725.72 on Friday, January 17, down 4.21%
- The stock has formed a bearish trend with significant selling pressure, breaking below key support levels
- RSI at 35.08 indicates oversold conditions but not yet at extreme levels
- MACD shows bearish momentum with -11.44 reading
News Sentiment Analysis
- Negative catalyst: LLY lowered 2024 revenue guidance to $45 billion, below previous guidance of $45.4-46 billion
- Positive catalyst: Strong demand continues for key drugs Mounjaro and Zepbound, with combined Q4 sales of $5.4 billion
- FDA approval for Zepbound to treat sleep apnea in December 2024 could boost demand
- Upcoming oral weight-loss pill orforglipron expected for approval in early 2026
Price Prediction for Next Week
Based on technical and fundamental factors:
Target Prices:
- Support level: $702.47
- Resistance level: $748.97
- Expected trading range: $702-749 with high probability
Trading Recommendation:
SELL with following reasons:
- Breaking below key support levels with increased volume
- Negative momentum indicators and bearish trend continuation pattern
- Lower guidance creating near-term selling pressure
- Stock expected to test support at $702 level before potential stabilization
Price targets:
- Short-term (1 week): $685-705 range with 70% probability
- Key level to watch: $744.91 - if price breaks above this level, bearish thesis invalidated
The stock is showing clear technical weakness and fundamental headwinds in the short term, suggesting further downside potential in the coming week.
Based on the provided data and recent market activity, here's the analysis and price prediction for LLY for the next trading week:
Technical Analysis
- LLY closed at $725.72 on Friday, January 17, down 4.21%
- The stock has formed a bearish trend with significant selling pressure, breaking below key support levels
- RSI at 35.08 indicates oversold conditions but not yet at extreme levels
- MACD shows bearish momentum with -11.44 reading
News Sentiment Analysis
- Negative catalyst: LLY lowered 2024 revenue guidance to $45 billion, below previous guidance of $45.4-46 billion
- Positive catalyst: Strong demand continues for key drugs Mounjaro and Zepbound, with combined Q4 sales of $5.4 billion
- FDA approval for Zepbound to treat sleep apnea in December 2024 could boost demand
- Upcoming oral weight-loss pill orforglipron expected for approval in early 2026
Price Prediction for Next Week
Based on technical and fundamental factors:
Target Prices:
- Support level: $702.47
- Resistance level: $748.97
- Expected trading range: $702-749 with high probability
Trading Recommendation:
SELL with following reasons:
- Breaking below key support levels with increased volume
- Negative momentum indicators and bearish trend continuation pattern
- Lower guidance creating near-term selling pressure
- Stock expected to test support at $702 level before potential stabilization
Price targets:
- Short-term (1 week): $685-705 range with 70% probability
- Key level to watch: $744.91 - if price breaks above this level, bearish thesis invalidated
The stock is showing clear technical weakness and fundamental headwinds in the short term, suggesting further downside potential in the coming week.