LLY Daily Technical Analysis
Eli Lilly & Co.
Pharma leader in diabetes and obesity treatments including Mounjaro and Zepbound.
LLY Technical Analysis Summary
LLY has recently broken down from a significant multi-month topping pattern, decisively losing key support levels including the 50-day and 200-day moving averages. Short-term momentum remains distinctly bearish, with the price currently probing the lower Bollinger Band. While the long-term trend is being severely tested, bulls will need to see a re-capture of the 200-day SMA to stabilize the technical picture, otherwise further downside towards the 840 support zone is likely.
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LLY Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is making lower highs and lower lows, has broken below the 20, 50, and 200-day SMAs, and short-term momentum indicators (RSI and MACD) are in bearish territory.
Long-term Sentiment (weeks to months): Neutral
While the breakdown below the 200-day SMA is a significant warning sign, the 200-day moving average is still relatively flat, suggesting this could be a deep correction within a broader historical uptrend rather than a confirmed long-term trend reversal.
Report Metadata
- Timeframe: daily
- Generated at: 2026-04-24T21:03:57.522Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $877.50 | $870.00 - $885.00 | Strong | Current test zone aligning with the lower Bollinger Band and recent swing lows. |
| $840.00 | $830.00 - $850.00 | Strong | Previous area of consolidation and support before the major run-up late last year. |
| $790.00 | $780.00 - $800.00 | Weak | Psychological round number and historical consolidation zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $914.50 | $908.00 - $921.00 | Strong | Confluence of the recently broken 200-day SMA (908) and the descending 20-day SMA (920). |
| $962.50 | $960.00 - $965.00 | Strong | Aligns with the 50-day SMA and a prior support/consolidation level that has flipped to resistance. |
| $1,020.00 | $1,000.00 - $1,040.00 | Weak | Recent lower high swing zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Distribution Top | Bearish | $840.00 | A large, multi-month topping structure characterized by failing to make new highs and eventually breaking below the key support/neckline area near 960. |
| Strong | Downtrend Channel | Bearish | N/A | Price action since the peak has established a clear series of lower highs and lower lows, contained within a descending channel structure. |
Frequently Asked Questions about LLY
What is the current sentiment for LLY?
The short-term sentiment for LLY is currently Bearish because Price is making lower highs and lower lows, has broken below the 20, 50, and 200-day SMAs, and short-term momentum indicators (RSI and MACD) are in bearish territory.. The long-term trend is classified as Neutral.
What are the key support levels for LLY?
StockDips.AI has identified key support levels for LLY at $877.50 and $840.00. 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 83/100. It is 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.
View the full interactive analysis on StockDips.AI.