LENNAR CORP-A (LEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LEN - US5260571048 - Common Stock
We assign a technical rating of 0 out of 10 to LEN. 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.
The technical rating of LEN 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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101.73
When analyzing the support we notice one important area.
- A support zone ranging from 102.76 to 103.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @126.33 from a trend line in the weekly time frame.
- A resistance zone ranging from 130.07 to 130.55. This zone is formed by a combination of multiple trend lines in the daily 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 is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEN is down. |
| ChartMill Relative Strength | 15.71 | NEGATIVE | LEN has a low relative strength, it was outperformed by 84.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEN is below a declining 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 | NEGATIVE | The current price of LEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.51 | OVERSOLD | The low RSI value suggests LEN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.46 | NEGATIVE | The MACD value suggests LEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.41 | OVERSOLD | The low Stochastics value suggests LEN may be oversold. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for LEN suggests a strong trend. |
103.92
-0.98 (-0.93%)
LENNAR CORP-A / LEN FAQ
What is the ChartMill technical rating of LENNAR CORP-A (LEN) stock?
ChartMill assigns a technical rating of 0 / 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 26.5084. This indicates that the stock is currently oversold.
What is the MACD signal for LEN stock?
The MACD indicator for LENNAR CORP-A (LEN) has a value of -1.46383, 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 103.91 and a resistance level at 126.33. Check the full technical report for our detailed analysis of LEN support and resistance levels.