LENNAR CORP - B SHS (LEN.B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LEN.B - US5260573028 - Common Stock
Taking everything into account, LEN.B scores 0 out of 10 in our technical rating. 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.
The technical rating of LEN.B is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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94.17
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 121.43 to 123.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for LEN.B is down. |
| ChartMill Relative Strength | 14.24 | NEGATIVE | LEN.B has a low relative strength, it was outperformed by 85.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEN.B is below a declining 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 | NEGATIVE | The current price of LEN.B is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.8 | OVERSOLD | The low RSI value suggests LEN.B may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.14 | NEGATIVE | The MACD value suggests LEN.B has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.23 | OVERSOLD | The low Stochastics value suggests LEN.B may be oversold. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN.B suggests some volalility. |
| Average Directional Index/ADX (14) | 30.39 | POSITIVE | The high ADX value value for LEN.B suggests a strong trend. |
95.12
-1.01 (-1.05%)
LENNAR CORP - B SHS / LEN.B FAQ
What is the technical rating for LEN.B stock?
ChartMill assigns a technical rating of 0 / 10 to LEN.B.
What is the trend direction for 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 25.8005. This indicates that the stock is currently oversold.
What is the short term momentum for LEN.B stock?
The short term momentum for LENNAR CORP - B SHS (LEN.B) is negative.
What is the buy/sell signal for LENNAR CORP - B SHS (LEN.B) stock?
The buy/sell signal for LENNAR CORP - B SHS (LEN.B) is sell as both the short term and long term trends are negative.