LENNAR CORP-A (LEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LEN - US5260571048 - Common Stock
We assign a technical rating of 4 out of 10 to LEN. 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.
LEN has an average technical rating and it also does not offer a high 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.
More info and screens
111.06
When analyzing the support we can see 5 important areas.
- Support @130.07 from a horizontal line in the daily time frame.
- A support zone ranging from 122.24 to 125.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @118.77 from a horizontal line in the weekly time frame.
- A support zone ranging from 114.10 to 114.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @112.18 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @132.13 from a trend line in the weekly time frame.
- A resistance zone ranging from 141.89 to 142.41. 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 | 21.09 | NEGATIVE | LEN has a low relative strength, it was outperformed by 78.91% 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) | DOWN | MIXED | The current price of LEN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.78 | NEUTRAL | The RSI value for LEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.56 | POSITIVE | The MACD value suggests LEN has a positive trend. |
| Stochastics (14,3) | 93.86 | OVERBOUGHT | The high Stochastics value suggests LEN may be overbought. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.66 | NEGATIVE | The low ADX value for LEN suggests a weak or negative trend. |
131.3
+0.02 (+0.02%)
LENNAR CORP-A / LEN FAQ
What is the ChartMill technical rating of LENNAR CORP-A (LEN) stock?
ChartMill assigns a technical rating of 4 / 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 63.7792. 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 1.56082, indicating a bullish trend.
What are the support and resistance levels for LENNAR CORP-A (LEN) stock?
LENNAR CORP-A (LEN) has a support level at 130.07 and a resistance level at 132.13. Check the full technical report for our detailed analysis of LEN support and resistance levels.