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Pharmaceuticals Industry Stocks Technical Analysis - LLYArchive
- 10/9/2026 -
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Lilly (Eli) & Co. (LLY) Technical Analysis
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| Summary:
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| | It was a first positive week for the Lilly (Eli) & Co. (LLY). During the week, the LLY gained 36.42 points, or 3.19%, and closed at 1179.27 on Friday, October 9, 2026. Weekly volume was -30% below average.
LLY is a member of Health Care Sector. Health Care is the most overbought 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 1292.65 on August 19, 2026. LLY gained -668.87 points, or -107.23%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 970.72 and resistance is at 1342.68. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See LLY medium-term trend chart]
A medium-term downtrend had started on August 19, 2026 at 1292.65 and reached 1113.29 on September 11, 2026. LLY lost 179.36 points, or 13.88%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 1132.15 and resistance is at 1196.26. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 September 4, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 September 11, 2026 at 1113.29 and reached 1215.00 on September 30, 2026. LLY gained -101.71 points, or -9.14%, in 19 days. The price is now at the 35.13% retracement level.
Daily Technical Indicators: [See LLY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (5.9%) is close to one year low (6.52%). It is 57.57% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
 Candlestick pattern: [See LLY candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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