The Greedy Trader Weekly Analysis
Sign In Dec 6, 2019
Skip Navigation Links
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Lennar Corp. (LEN)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the priceThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.81
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 58.16
Greed/Fear Indicator (GFI) 62.55
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.14
Williams' Percentage Range (W%R) 16.70
Overbought
Lane's Stochastic (%D-Slow) 69.03
Greed/Fear Indicator (GFI) 70.93
Moving Average Converg./Diverg. (MACD) 2.36
Trading Signals
Description Value Chart
Upper Bollinger Band 61.08
Weekly Stochastic Crossing 60.74
Daily Stochastic Crossing 59.88
Price 59.65
20 Day Moving Average 59.27
Parabolic System 59.11
50 Day Moving Average 58.96
Lower Bollinger Band 57.81
Yearly Trendline Support 50.76
Sector and Industry
Description Name Rank
Sector Industrial Goods 9
Industry Residential Construction 116
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 58.53
Low Date 11/22/2019
High 60.69
High Date 11/27/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.08
Low Date 11/07/2019
High 60.69
High Date 11/27/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.52
Low Date 07/23/2019
High 62.63
High Date 10/25/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.29
Low Date 12/26/2018
High 62.63
High Date 10/25/2019
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 47.19
Support 50.76
High 72.17
High Date 01/22/2018
Low 37.29
Low Date 12/26/2018
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.

Copyright© 2004-2018 All rights reserved.