Lilly(Eli) & Co (LLY) Stock Forecast & Price Prediction 2025, 2030 | CoinCodex (2024)

According to our current LLY stock forecast, the value of Lilly(Eli) & Co shares will drop by -2.27% and reach $ 612.72 per share by January 30, 2024. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 39 (Fear). LLY stock recorded 16/30 (53%) green days with 4.12% price volatility over the last 30 days. Based on our Lilly(Eli) & Co stock forecast, it's now a bad time to buy LLY stock because it's trading 2.43% above our forecast.

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Based on the average yearly growth of the Lilly(Eli) & Co stock in the last 10 years, the Lilly(Eli) & Co stock forecast for the beginning of next year is $ 795.91. Using the same basis, here is the Lilly(Eli) & Co stock prediction for each year up until 2030.

Lilly(Eli) & Co Stock Prediction 2025

The Lilly(Eli) & Co stock prediction for 2025 is currently $ 795.91, assuming that Lilly(Eli) & Co shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 26.81% increase in the LLY stock price.

Lilly(Eli) & Co Stock Prediction 2030

In 2030, the Lilly(Eli) & Co stock will reach $ 2,610.36 if it maintains its current 10-year average growth rate. If this Lilly(Eli) & Co stock prediction for 2030 materializes, LLY stock willgrow 315.91% from its current price.

Popular LLY Moving Averages for Fri, Jan 26, 2024

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Change	1H	24H	7D	1M	3M	6M	YTD	1Y	3Y	5Y	ALL
LLY/USD	0.16%	-0.96%	-0.15%	9.98%	12.03%	36.60%	7.67%	79.84%	196.17%	445.90%	975.98%
LLY/BTC	0.13%	-0.80%	3.20%	16.93%	-4.89%	0.38%	14.00%	4.16%	140.82%	-50.95%	--
LLY/ETH	-0.18%	-0.92%	10.74%	10.26%	-10.25%	15.45%	11.60%	31.51%	79.16%	-71.66%	--
LLY/USDT	0.16%	-0.96%	-0.15%	9.98%	12.03%	36.60%	7.67%	79.84%	196.17%	445.90%	--

To get a better idea of what could happen to the LLY stock price in the future, it’s helpful to also explore Lilly(Eli) & Co’s price history. In the last month, the LLY/USD pair is up 9.98%. The 1-year performance of LLY/USD is 79.84%. In comparison with Bitcoin, Lilly(Eli) & Co stock performed 4.16% better in the last year and 31.51% better than Ethereum.

How to read and forecast Lilly(Eli) & Co stock price movements?

Lilly(Eli) & Co stock traders use a variety of tools to make a prediction on which way the LLY market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to make a Lilly(Eli) & Co stock forecast, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Lilly(Eli) & Co Stock Forecast Indicators

Moving averages are among the most popular Lilly(Eli) & Co stock prediction tools. As the name suggests, a moving average provides the average closing price for LLY stock over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for LLY is a sum of LLY’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the stock market to identify important resistance and support levels. If the Lilly(Eli) & Co stock price moves above any of these averages, it is generally seen as a bullish sign for Lilly(Eli) & Co stock. Conversely, a drop below an important moving average is usually interpreted as a negative forecast for the LLY market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the Lilly(Eli) & Co stock price.

How to read Lilly(Eli) & Co stock charts and forecast price movements?

When making a Lilly(Eli) & Co stock forecast, most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Lilly(Eli) & Co stock with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Lilly(Eli) & Co’s stock price action in 1-hour chunks. Each candlestick will display LLY’s opening price, closing price, as well as the highest and lowest prices that Lilly(Eli) & Co reached within the 1-hour period. This information makes it easier to make an informed price prediction.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of LLY stock?

Just like with any other asset, the price action of Lilly(Eli) & Co stock is driven by supply and demand. These dynamics can be influenced by fundamental factors, such as earnings announcements, new product launches, acquisitions and mergers, and other factors. The LLY stock price can also be influenced by market sentiment, broader economic conditions, interest rates, inflation rates and political developments.

Bullish and bearish stock price forecast patterns

Some traders try to identify candlestick patterns when making a stock price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.