|
|
Downtrend ResistanceArchive
- 4/19/2024 -
Sign In to see current Signals. |
Lilly (Eli) & Co. (LLY) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Lilly (Eli) & Co. (LLY). During the week, the LLY dropped -25.33 points, or -3.37%, and closed at 726.31 on Friday, April 19, 2024. Weekly volume was -11% below average.
 Long-term trend: [See LLY long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 27.21 and reached 800.78 on March 4, 2024. LLY gained -773.57 points, or -2842.96%, in 782 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (111.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
Medium-term trend: [See LLY medium-term trend chart]
A medium-term uptrend had started on October 23, 2019 at 101.36 and reached 800.78 on March 4, 2024. LLY gained -699.42 points, or -690.04%, in 227 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (410.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 1, 2023 at 309.20 and reached 800.78 on March 4, 2024. LLY gained -491.58 points, or -158.98%, in 369 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 685.03 and resistance is at 832.98. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See LLY daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since February 26, 2024.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|