LENNAR CORP-A (LEN)       104.81  -3.27 (-3.03%)

104.81  -3.27 (-3.03%)

US5260571048 - Common Stock - After market: 105.2 +0.39 (+0.37%)

Technical Rating

8

Taking everything into account, LEN scores 8 out of 10 in our technical rating. Although LEN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
LEN is part of the Household Durables industry. There are 67 other stocks in this industry. LEN outperforms 77% of them.
LEN is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month LEN has a been trading in the 94.20 - 109.28 range, which is quite wide. It is currently trading near the high of this range.
LEN has an average volume of 2172050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, LEN did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 11.76% 31.65% 23.70% 16.07% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 91.18 62.54 - 109.28
LEN Weekly chart
LEN Daily chart

Support/Resistance Analysis


79.95

105.86
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 101.36 to 101.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @97.61 from a trend line in the daily time frame.
  • Support @95.70 from a horizontal line in the daily time frame.
  • Support @80.76 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

3

Although LEN has an excellent technical rating, it does not present a decent entry opportunity 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.


LEN Daily chart

LENNAR CORP-A104.81

NYSE:LEN (2/3/2023, 7:04:00 PM)-3.27 (-3.03%)

After market: 105.2 +0.39 (+0.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Household Durables

Performance
Today -3.03% 1 Week 4.17%
2 Weeks 8.4% 1 Month 11.76%
3 Month 31.65% 6 Month 23.7%

Volatility
ATR(14) 2.87 ATR(20)% 2.61%
ATR Inc 62.22% Range Today 2.57

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 91.18 Mansfield 2.29
10 Day High 109.28 10 Day Low 96.21
20 Day High 109.28 20 Day Low 94.21
52 Week High 109.28 52 Week Low 62.54
CS1 End 101.55 CR1 Start N/A

Volume & EV
DER(3) 5.49% DER(5) 3.51%
Volume 2.07M Volume Incr 25.17%
Vol(5) 2.52M Vol(50) 2.17M

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