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Downtrend Broken Resist.Archive
- 5/15/2026 -
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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 56.47 points, or 5.95%, and closed at 1004.92 on Friday, May 15, 2026. Weekly volume was -21% below average.
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 23.6% 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 (836.00) 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 11, 2026 at 943.26 and reached 1022.82 on May 13, 2026. LLY gained -79.56 points, or -8.43%, in 2 days. Price is near the Fibonacci 23.6% retracement level.
 Daily Technical Indicators: [See LLY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average 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.
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