Lennar Corp. (LEN)
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|It was a first positive week for the Lennar Corp. (LEN). During the week, the LEN gained 0.87 points, or 1.48%, and closed at 59.65 on Friday, November 29, 2019. Weekly volume was -46% below average. |
LEN is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See LEN long-term trend chart]
A long-term downtrend had started on January 22, 2018 at 72.17 and reached 37.29 on December 26, 2018. LEN lost 34.88 points, or 48.33%, in 48 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (50.76) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See LEN medium-term trend chart]
A medium-term uptrend had started on July 23, 2019 at 45.52 and reached 62.63 on October 25, 2019. LEN gained -17.11 points, or -37.59%, in 13 weeks. The price is now at the 17.42% retracement level.
Weekly Technical Indicators: [See LEN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 30, 2019. 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 uptrend had started on November 22, 2019 at 58.53 and reached 60.69 on November 27, 2019. LEN gained -2.16 points, or -3.69%, in 5 days. The price is now at the 48.15% retracement 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 October 25, 2019. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (59.11) comes close to the price (59.65). It indicates that the trend is getting weaker. 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.