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Archive - 11/8/2024 - Sign In to see current Signals. |
Lennar Corp. (LEN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 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.
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