LENNAR CORP-A (LEN) Stock Technical Analysis
USA - NYSE:LEN - US5260571048 - Common Stock
Taking everything into account, LEN scores 1 out of 10 in our technical rating. LEN 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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 121.42, a Stop Loss order could be placed below this zone.
More info and screens
103.68
We found 3 important support areas.
- A support zone ranging from 121.02 to 121.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @117.91 from a horizontal line in the daily time frame.
- A support zone ranging from 104.73 to 106.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 123.43 to 125.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 127.57 to 130.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @132.68 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 | NEUTRAL | NEUTRAL | The long term trend for LEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEN is down. |
| ChartMill Relative Strength | 18.23 | NEGATIVE | LEN has a low relative strength, it was outperformed by 81.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LEN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LEN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.48 | NEUTRAL | The RSI value for LEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests LEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.21 | OVERSOLD | The low Stochastics value suggests LEN may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.73 | NEGATIVE | The low ADX value for LEN suggests a weak or negative trend. |
121.55
+1.22 (+1.01%)
LENNAR CORP-A / LEN FAQ
What is the ChartMill technical rating of LENNAR CORP-A (LEN) stock?
ChartMill assigns a technical rating of 1 / 10 to LEN.
Can you provide the trend direction for LENNAR CORP-A?
The current trend direction for LENNAR CORP-A (LEN) is Bearish.
What is the RSI signal for LENNAR CORP-A (LEN) stock?
LENNAR CORP-A (LEN) has an RSI value of 42.4834. This indicates that the stock is currently neutral.
What is the MACD signal for LEN stock?
The MACD indicator for LENNAR CORP-A (LEN) has a value of -0.396104, indicating a bearish trend.
What are the support and resistance levels for LENNAR CORP-A (LEN) stock?
LENNAR CORP-A (LEN) has a support level at 121.42 and a resistance level at 123.43. Check the full technical report for our detailed analysis of LEN support and resistance levels.