The Greedy Trader Weekly Analysis
Sign In Nov 15, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 11/8/2024 -
Sign In to see current Signals.

Lennar Corp. (LEN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :Broken trend resistance lineA Parabolic SAR indicator is below and near the price
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 2.90 points, or 1.71%, and closed at 172.60 on Friday, November 8, 2024. Weekly volume was 7% above average.

Long-term trend: [See LEN long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 3.42 and reached 193.80 on September 19, 2024. LEN gained -190.38 points, or -5566.67%, in 825 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (73.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 June 17, 2022 at 62.55 and reached 193.80 on September 19, 2024. LEN gained -131.25 points, or -209.83%, in 117 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 134.00 and resistance is at 203.09. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See LEN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 18, 2024. 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 September 19, 2024 at 193.80 and reached 160.60 on October 29, 2024. LEN lost 33.20 points, or 17.13%, in 40 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (154.59) 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 short-term trend.

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 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (174.17) comes close to the price (172.60). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.46
Williams' Percentage Range (W%R) 60.80
Lane's Stochastic (%D-Slow) 71.87
Greed/Fear Indicator (GFI) 50.52
Moving Average Converg./Diverg. (MACD) -2.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.87
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 39.61
Greed/Fear Indicator (GFI) 49.75
Moving Average Converg./Diverg. (MACD) 7.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 203.09
Upper Bollinger Band 187.85
50 Day Moving Average 180.39
20 Day Moving Average 176.19
Parabolic System 174.17
Daily Stochastic Crossing 173.46
Weekly Stochastic Crossing 172.83
Price 172.60
Weekly Trendline Resistance 164.64
Lower Bollinger Band 162.55
Weekly Trendline Support 154.59
Yearly Trendline Resistance 141.84
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Homebuilding 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 160.60
Low Date 10/29/2024
High 177.40
High Date 11/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 164.64
Support 154.59
High 193.80
High Date 09/19/2024
Low 160.60
Low Date 10/29/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 140.65
Low Date 07/05/2024
High 193.80
High Date 09/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 203.09
Support 134.00
Low 62.55
Low Date 06/17/2022
High 193.80
High Date 09/19/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 141.84
Support 73.80
Low 3.42
Low Date 11/21/2008
High 193.80
High Date 09/19/2024
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.