Eli Lilly Stock Forecast - Accumulation Distribution
| LLY Stock | USD 799.80 4.45 0.56% |
Eli Stock Forecast is based on your current time horizon.
Eli |
Open Interest Against 2024-12-06 Eli Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Eli Lilly's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Eli Lilly's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Eli Lilly stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Eli Lilly's open interest, investors have to compare it to Eli Lilly's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Eli Lilly is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Eli. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 28713.14 | 24635.8 |
| Check Eli Lilly Volatility | Backtest Eli Lilly | Trend Details |
Eli Lilly Trading Date Momentum
| On October 04 2024 Eli Lilly and was traded for 885.69 at the closing time. Highest Eli Lilly's price during the trading hours was 887.50 and the lowest price during the day was 875.44 . The net volume was 2 M. The overall trading history on the 4th of October contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 0.18% . The overall trading delta to current price is 1.97% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Eli Lilly to competition |
Other Forecasting Options for Eli Lilly
For every potential investor in Eli, whether a beginner or expert, Eli Lilly's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Eli Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Eli. Basic forecasting techniques help filter out the noise by identifying Eli Lilly's price trends.Eli Lilly Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eli Lilly stock to make a market-neutral strategy. Peer analysis of Eli Lilly could also be used in its relative valuation, which is a method of valuing Eli Lilly by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Eli Lilly Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Eli Lilly's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Eli Lilly's current price.| Cycle Indicators | ||
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| Volume Indicators |
Eli Lilly Market Strength Events
Market strength indicators help investors to evaluate how Eli Lilly stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eli Lilly shares will generate the highest return on investment. By undertsting and applying Eli Lilly stock market strength indicators, traders can identify Eli Lilly and entry and exit signals to maximize returns.
| Accumulation Distribution | 36398.48 | |||
| Daily Balance Of Power | 0.4393 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 800.29 | |||
| Day Typical Price | 800.12 | |||
| Price Action Indicator | 1.74 | |||
| Period Momentum Indicator | 4.45 |
Eli Lilly Risk Indicators
The analysis of Eli Lilly's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Eli Lilly's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting eli stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.35 | |||
| Standard Deviation | 1.89 | |||
| Variance | 3.57 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Eli Stock Analysis
When running Eli Lilly's price analysis, check to measure Eli Lilly's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eli Lilly is operating at the current time. Most of Eli Lilly's value examination focuses on studying past and present price action to predict the probability of Eli Lilly's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eli Lilly's price. Additionally, you may evaluate how the addition of Eli Lilly to your portfolios can decrease your overall portfolio volatility.