Eli Lilly Stock Forecast - Daily Balance Of Power
| LLY Stock | USD 745.95 4.82 0.64% |
Eli Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Eli Lilly stock prices and determine the direction of Eli Lilly and's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Eli Lilly's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Eli Lilly's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Eli Lilly's systematic risk associated with finding meaningful patterns of Eli Lilly fundamentals over time.
Check out Historical Fundamental Analysis of Eli Lilly to cross-verify your projections. Eli |
Open Interest Against 2024-04-19 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.
Most investors in Eli Lilly cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Eli Lilly's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Eli Lilly's price structures and extracts relationships that further increase the generated results' accuracy.
Balance of Power indicator (or BOP) measures the strength of Eli Lilly and market sensitivity to bulls and bears. It estimates the ability of Eli Lilly buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Eli Lilly Balance of Power indicator one can determine a trend of the price direction.| Check Eli Lilly Volatility | Backtest Eli Lilly | Information Ratio |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| 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 | 0.0112 | |||
| Daily Balance Of Power | (0.57) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 747.99 | |||
| Day Typical Price | 747.31 | |||
| Market Facilitation Index | 8.43 | |||
| Price Action Indicator | (4.44) | |||
| Period Momentum Indicator | (4.82) |
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 | 1.14 | |||
| Semi Deviation | 1.18 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.59 | |||
| Downside Variance | 2.08 | |||
| Semi Variance | 1.38 | |||
| Expected Short fall | (1.25) |
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.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Eli Lilly to cross-verify your projections. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary 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.
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Is Eli Lilly's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eli Lilly. If investors know Eli will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eli Lilly listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.13 | Dividend Share 4.52 | Earnings Share 5.78 | Revenue Per Share 37.908 | Quarterly Revenue Growth 0.281 |
The market value of Eli Lilly is measured differently than its book value, which is the value of Eli that is recorded on the company's balance sheet. Investors also form their own opinion of Eli Lilly's value that differs from its market value or its book value, called intrinsic value, which is Eli Lilly's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eli Lilly's market value can be influenced by many factors that don't directly affect Eli Lilly's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eli Lilly's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eli Lilly is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eli Lilly's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.