LLY Forms Flat Base in Stage 2 Uptrend, Pivot at $1233.79

Posted on by Eben@CANSLIM Research
LLY daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

Eli Lilly (LLY) is consolidating in a six-week flat base, holding above a rising 30-week moving average within a confirmed Stage 2 advance. The pattern shows a shallow 9.7% depth with a pivot at $1233.79, while the stock sits just 4.1% off its high. Overall sentiment is bullish, with seven of eight trend-template checks passing and an offensive setup in place.

Technical Analysis

As of 2026-08-17 · Close $1183.16

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 1.9%)

Detected Patterns — What the Market Is Watching

  • Flat Base — depth 9.7%, length 6 weeks, pivot $1233.79. Base formed from 2026-07-07 (left-side high) to 2026-08-17, with the low of $1114.08 set on 2026-08-04

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