LENNAR CORP-A (LEN) Stock Technical Analysis
NYSE:LEN - New York Stock Exchange, Inc. - US5260571048 - Common Stock - Currency: USD
Overall LEN gets a technical rating of 6 out of 10. LEN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
81% of all other stocks performed better in the past year than LEN.
LEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month LEN has a been trading in the 107.46 - 123.00 range, which is quite wide. It is currently trading near the high of this range.
LEN has an average volume of 3191440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
LEN is an average performer in the Household Durables industry, it outperforms 40% of 63 stocks in the same industry.
LEN has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
101.73
122.06
3 important support areas can be observed.
- Support @120.30 from a horizontal line in the daily time frame.
- A support zone ranging from 112.22 to 112.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 102.76 to 106.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 120.85 to 120.85. 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 | NEUTRAL | NEUTRAL | The long term trend for LEN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEN is up. |
| ChartMill Relative Strength | 19.02 | NEGATIVE | LEN has a low relative strength, it was outperformed by 80.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEN is above the rising 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) | 61.44 | NEUTRAL | The RSI value for LEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests LEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.23 | OVERBOUGHT | The high Stochastics value suggests LEN may be overbought. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.71 | NEUTRAL | The ADX value for LEN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 120.86 | 120.29 | 0.57 (0.47%) | 25.00% |
| An entry @120.86. This is a Buy Stop order right above the resistance zone. | An exit @120.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.57 points, which is 0.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- The distance between exit and entry is rather small compared to the average daily movement of LEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
120.53
-0.32 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-0.26%
1 Week1.48%
2 Weeks3.78%
1 Month6.77%
3 Month7.75%
6 Month-2.67%
12 Month-29.83%
2 Year1.21%
3 Year55.62%
5 Year61.09%
10 Year136.8%
15 Year816.58%
Volatility
ATR(14)3.42
ATR(20)%3.03%
ATR Inc-11.89%
Range Today4.74
ADR(20)3.33
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.02
Mansfield-1.9
10 Day High123
10 Day Low110.33
20 Day High123
20 Day Low107.46
52 Week High193.8
52 Week Low98.42
CS1 End120.3
CR1 Start120.85
Volume & EV
DER(3)-3.54%
DER(5)-3.48%
Volume2.41M
Volume Incr-17.94%
Vol(5)2.46M
Vol(50)3.19M