The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Support
Number of records: 4
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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Lennar Corp. (LEN)

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Summary:
Weekly :Broken trend support lineLane's Stochastic is overbought
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Lennar Corp. (LEN). During the week, the LEN dropped -1.18 points, or -1.96%, and closed at 59.00 on Friday, June 26, 2020. Weekly volume was -14% below average.

Long-term trend: [See LEN long-term trend chart]
A long-term downtrend had started on January 22, 2018 at 72.17 and reached 25.42 on March 18, 2020. LEN lost 46.75 points, or 64.78%, in 112 weeks. The price is now at the 71.83% retracement level.

Medium-term trend: [See LEN medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 25.42 and reached 65.90 on May 28, 2020. LEN gained -40.48 points, or -159.24%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (62.09) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See LEN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LEN short-term trend chart]
A short-term downtrend had started on June 16, 2020 at 65.69 and reached 57.13 on June 25, 2020. LEN lost 8.56 points, or 13.03%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See LEN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 5, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.33
Williams' Percentage Range (W%R) 73.60
Lane's Stochastic (%D-Slow) 34.16
Greed/Fear Indicator (GFI) 33.96
Moving Average Converg./Diverg. (MACD) 1.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.59
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 85.34
Overbought
Greed/Fear Indicator (GFI) 73.46
Moving Average Converg./Diverg. (MACD) -0.64
Trading Signals
Description Value Chart
Parabolic System 65.08
Upper Bollinger Band 63.80
Weekly Stochastic Crossing 62.67
Monthly Trendline Support 62.09
20 Day Moving Average 61.28
Daily Stochastic Crossing 59.64
Price 59.00
Lower Bollinger Band 56.37
50 Day Moving Average 55.38
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 98
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.11
High Date 06/23/2020
Low 57.13
Low Date 06/25/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.69
High Date 06/16/2020
Low 57.13
Low Date 06/25/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 75.68
Support 62.09
Low 25.42
Low Date 03/18/2020
High 65.90
High Date 05/28/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.38
High Date 02/21/2020
Low 25.42
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.17
High Date 01/22/2018
Low 25.42
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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