LENNAR CORP - B SHS (LEN.B) Stock Technical Analysis
USA - NYSE:LEN.B - US5260573028 - Common Stock
We assign a technical rating of 1 out of 10 to LEN.B. LEN.B scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
LEN.B has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 117.03, a Stop Loss order could be placed below this zone.
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98.63
4 important support areas can be observed.
- A support zone ranging from 113.79 to 117.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.02 to 111.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @101.25 from a horizontal line in the daily time frame.
- Support @99.63 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 118.24 to 120.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @127.49 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LEN.B is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LEN.B is neutral. |
| ChartMill Relative Strength | 15.75 | NEGATIVE | LEN.B has a low relative strength, it was outperformed by 84.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEN.B is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEN.B is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LEN.B is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.99 | NEUTRAL | The RSI value for LEN.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests LEN.B has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.33 | NEUTRAL | The Stochastics value for LEN.B is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN.B suggests some volalility. |
| Average Directional Index/ADX (14) | 12.15 | NEGATIVE | The low ADX value for LEN.B suggests a weak or negative trend. |
117.17
+2.22 (+1.93%)
LENNAR CORP - B SHS / LEN.B FAQ
What is the technical rating for LEN.B stock?
ChartMill assigns a technical rating of 1 / 10 to LEN.B.
What is the current trend direction of LENNAR CORP - B SHS (LEN.B) stock?
The current trend direction for LENNAR CORP - B SHS (LEN.B) is Bearish.
Can you provide the RSI signal for LENNAR CORP - B SHS?
LENNAR CORP - B SHS (LEN.B) has an RSI value of 49.9893. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LENNAR CORP - B SHS?
The MACD indicator for LENNAR CORP - B SHS (LEN.B) has a value of -0.0286852, indicating a bearish trend.
What is the support and resistance level for LEN.B stock?
LENNAR CORP - B SHS (LEN.B) has a support level at 117.03 and a resistance level at 118.24. Check the full technical report for our detailed analysis of LEN.B support and resistance levels.