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Pharmaceuticals Industry Stocks Technical Analysis - LLY

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- 1/3/2025 -
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Lilly (Eli) & Co. (LLY) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Lilly (Eli) & Co. (LLY). During the week, the LLY gave back -1.20 points, or -0.15%, and closed at 782.00 on Friday, January 3, 2025. Weekly volume was -37% below average.

LLY is a member of Health Care Sector. Health Care is the second 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 March 5, 2009 at 27.21 and reached 972.53 on August 22, 2024. LLY gained -945.32 points, or -3474.16%, in 807 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (115.42) 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 972.53 on August 22, 2024. LLY gained -871.17 points, or -859.48%, in 252 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (454.65) 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.

The weekly MACD line is below its signal line since September 6, 2024. Use the following link to access a MACD help.

Short-term trend: [See LLY short-term trend chart]
A short-term downtrend had started on December 4, 2024 at 846.46 and reached 752.40 on December 19, 2024. LLY lost 94.06 points, or 11.11%, in 15 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See LLY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since December 20, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.82
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 40.57
Greed/Fear Indicator (GFI) 39.84
Moving Average Converg./Diverg. (MACD) -7.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.35
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 37.35
Greed/Fear Indicator (GFI) 34.34
Moving Average Converg./Diverg. (MACD) 4.06
Trading Signals
Description Value Chart
Upper Bollinger Band 821.01
Parabolic System 810.31
50 Day Moving Average 800.68
20 Day Moving Average 787.49
Price 782.00
Daily Stochastic Crossing 779.21
Weekly Stochastic Crossing 760.69
Lower Bollinger Band 749.90
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Pharmaceuticals 39
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 846.46
High Date 12/04/2024
Low 752.40
Low Date 12/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 972.53
High Date 08/22/2024
Low 711.40
Low Date 11/18/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 511.67
Support 454.65
Low 101.36
Low Date 10/23/2019
High 972.53
High Date 08/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.18
Low Date 11/23/2016
High 972.53
High Date 08/22/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 132.48
Support 115.42
Low 27.21
Low Date 03/05/2009
High 972.53
High Date 08/22/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.