LLY Weekly Technical Analysis
Eli Lilly & Co.
Pharma leader in diabetes and obesity treatments including Mounjaro and Zepbound.
LLY Technical Analysis Summary
Eli Lilly remains in a dominant, long-term secular uptrend characterized by rising major moving averages. However, the stock is currently undergoing a severe short-term correction, having formed a double top pattern and broken below its 20-week SMA with negative MACD confirmation. The critical test for bulls is now the 870-900 support zone, fortified by the 50-week SMA; holding this area is essential to prevent a deeper retracement toward structural support in the 750s.
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LLY Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-week SMA with strong downward momentum. MACD has crossed bearishly and histogram is expanding negatively. RSI is falling sharply towards the midpoint, indicating a loss of bullish momentum.
Long-term Sentiment (weeks to months): Bullish
Despite the severe recent pullback, the stock remains in a massive multi-year uptrend, trading above steadily rising 50-week and 200-week SMAs. The structural sequence of higher highs and higher lows remains intact on the macro scale.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:03:32.865Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $885.00 | $870.00 - $900.00 | Strong | Confluence of previous swing low support and the rising 50-week SMA. |
| $765.00 | $750.00 - $780.00 | Strong | Major prior consolidation zone and swing high that should act as strong structural support if the 50-week SMA fails. |
| $665.00 | $650.00 - $680.00 | Weak | Deep structural support zone; current location of the 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $1,015.00 | $1,000.00 - $1,030.00 | Strong | Psychological resistance level combined with the descending 20-week SMA. |
| $1,112.50 | $1,100.00 - $1,125.00 | Strong | The recent all-time high zone; constitutes major overhead supply. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top | Bearish | $850.00 | Two distinct peaks formed near the 1100-1123 level followed by a sharp breakdown below the intervening trough, signaling a significant short-term trend reversal. |
Frequently Asked Questions about LLY
What is the current sentiment for LLY?
The short-term sentiment for LLY is currently Bearish because Price has broken below the 20-week SMA with strong downward momentum. MACD has crossed bearishly and histogram is expanding negatively. RSI is falling sharply towards the midpoint, indicating a loss of bullish momentum.. The long-term trend is classified as Bullish.
What are the key support levels for LLY?
StockDips.AI has identified key support levels for LLY at $885.00 and $765.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is LLY in a significant dip or a Value Dip right now?
LLY has a Value Score of 67/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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