STOCKS RISE THROUGHOUT THE DAY AND REACH HIGH AT 3:55 PM EDT
ELI LILLY Inc. LYLY today experienced a Power Inflow, an important event for those who follow the fate of smart money and value order flow analysis in their trading decisions.
Today, in 10:10 am on September 30a significant trading signal occurred for Eli Lilly, Inc. since it demonstrated a flow of energy in $872. This indicator is crucial for traders who want to know in which direction institutions and the so-called “smart money” are moving in the market. They see the value of using order flow analysis to guide their trading decisions. The Power Inflow points to a potential bullish trend in Amazon stock, marking a possible entry point for traders looking to capitalize on the expected bullish move. Traders with this signal are closely watching the sustained momentum in Amazon's stock price, interpreting this event as a bullish signal.
Signal description
Order flow analysis, also known as transaction or market flow analysis, separates and studies the rate of both retail and institutional order volume (flow). It involves analyzing the flow of buy and sell orders, along with their size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. Active traders interpret this particular indicator as a bullish signal.
The entry of energy occurs within the first two hours of the market open and generally signals the trend that helps gauge the general direction of the stock, driven by institutional activity in the stock, for the rest of the day.
By incorporating order flow analysis into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while observing a smart money flow can provide valuable information, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate market uncertainties in a more controlled and calculated manner, increasing the likelihood of long-term success.
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After market close UPDATE:
The price at the time of energy flow was $872. The high price returns ($887.07) and closing price ($885.94) after the energy input flow are respectively 1.6% and 1.5%. The result underscores the importance of a trading plan that includes profit targets and loss limits that reflect your risk appetite. The results were close today, but that is not always the case.
Past results are not indicative of future results.
Market news and data provided by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.