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Downtrend Broken Resist.Archive
- 5/8/2026 -
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Lilly (Eli) & Co. (LLY) Technical Analysis
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| Summary:
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| | It was the negative week for the Lilly (Eli) & Co. (LLY). During the week, the LLY dropped -14.88 points, or -1.54%, and closed at 948.45 on Friday, May 8, 2026. LLY was trading at average weekly trading volume.
LLY is a member of Health Care Sector. Health Care is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See LLY long-term trend chart]
A long-term uptrend had started on August 8, 2025 at 623.78 and reached 1133.95 on January 8, 2026. LLY gained -510.17 points, or -81.79%, in 21 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See LLY medium-term trend chart]
A medium-term downtrend had started on January 8, 2026 at 1133.95 and reached 850.51 on April 29, 2026. LLY lost 283.44 points, or 25.00%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (842.05) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. LLY may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See LLY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 6, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See LLY short-term trend chart]
A short-term uptrend had started on April 29, 2026 at 850.51 and reached 996.49 on May 6, 2026. LLY gained -145.98 points, or -17.16%, in 7 days. The price is now at the 32.91% retracement level.
 Daily Technical Indicators: [See LLY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 29, 2026. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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