Eli Lilly (LLY) has been consolidating since late November 2025 and that's partly thanks to holding its 974.00 Support. That Support was previously a Resistance that was formed after the mid-August 2024 High. Essentially it is a Pivot trend-line that turned from a Resistance to a Support.
As long as it holds, and naturally the 1D MA100 (red trend-line) that sits directly below it, the stock should complete another +38.68% Bullish Leg at least, targeting $1350.
If the stock closes a 1W candle below the Pivot and the 1D MA100, we expect another -36% decline (like late 2024 - 2025), targeting the 1W MA200 (orange trend-line) at $726.50.
It has to be noted that a 1W RSI Lower Highs Bearish Divergence weighs the price more towards the downside.
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As long as it holds, and naturally the 1D MA100 (red trend-line) that sits directly below it, the stock should complete another +38.68% Bullish Leg at least, targeting $1350.
If the stock closes a 1W candle below the Pivot and the 1D MA100, we expect another -36% decline (like late 2024 - 2025), targeting the 1W MA200 (orange trend-line) at $726.50.
It has to be noted that a 1W RSI Lower Highs Bearish Divergence weighs the price more towards the downside.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.