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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.

Downtrend Broken Resist.

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- 4/25/2025 -
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Lennar Corp. (LEN) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 6 consecutive negative weeks for the Lennar Corp. (LEN). During the week, the LEN gained 2.90 points, or 2.77%, and closed at 107.63 on Friday, April 25, 2025. LEN was trading at average weekly trading volume.

LEN is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 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 trend support level is at 75.76 and resistance is at 145.78. 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 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 uptrend support line (147.66) 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 18, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 9, 2025 at 98.40 and reached 111.61 on April 23, 2025. LEN gained -13.21 points, or -13.42%, in 14 days. The price is now at the 30.13% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 44.98
Williams' Percentage Range (W%R) 50.00
Lane's Stochastic (%D-Slow) 64.05
Greed/Fear Indicator (GFI) 52.99
Moving Average Converg./Diverg. (MACD) -3.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.01
Williams' Percentage Range (W%R) 87.30
Oversold
Lane's Stochastic (%D-Slow) 19.26
Oversold
Greed/Fear Indicator (GFI) 24.15
Moving Average Converg./Diverg. (MACD) -12.25
Trading Signals
Description Value Chart
Upper Bollinger Band 116.88
50 Day Moving Average 115.49
Daily Stochastic Crossing 108.63
20 Day Moving Average 108.07
Price 107.63
Weekly Stochastic Crossing 104.24
Parabolic System 103.53
Lower Bollinger Band 101.17
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Homebuilding 25
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.40
Low Date 04/09/2025
High 111.61
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.10
High Date 11/25/2024
Low 98.40
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 193.80
High Date 09/19/2024
Low 98.40
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 222.78
Support 147.66
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 Valid
Resistance 145.78
Support 75.76
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.