LENNAR CORP - B SHS (LEN.B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LEN.B - US5260573028 - Common Stock
Overall LEN.B gets a technical rating of 0 out of 10. LEN.B's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
LEN.B has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
98.63
We found 4 important support areas.
- Support @112.65 from a trend line in the daily time frame.
- A support zone ranging from 107.18 to 108.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @104.03 from a horizontal line in the daily time frame.
- Support @99.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 115.63 to 117.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 123.59 to 125.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for LEN.B is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEN.B is down. |
| ChartMill Relative Strength | 15.64 | NEGATIVE | LEN.B has a low relative strength, it was outperformed by 84.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEN.B is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEN.B is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LEN.B is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.52 | NEUTRAL | The RSI value for LEN.B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests LEN.B has a negative trend. |
| Stochastics (14,3) | 22.2 | NEUTRAL | The Stochastics value for LEN.B is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for LEN.B suggests some volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for LEN.B suggests a weak or negative trend. |
113.12
+0.29 (+0.26%)
LENNAR CORP - B SHS / LEN.B FAQ
What is the technical rating for LEN.B stock?
ChartMill assigns a technical rating of 0 / 10 to LEN.B.
What is the current trend direction of LENNAR CORP - B SHS (LEN.B) stock?
The current trend direction for LENNAR CORP - B SHS (LEN.B) is Bearish.
Can you provide the RSI signal for LENNAR CORP - B SHS?
LENNAR CORP - B SHS (LEN.B) has an RSI value of 44.5197. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LENNAR CORP - B SHS?
The MACD indicator for LENNAR CORP - B SHS (LEN.B) has a value of -0.678824, indicating a bearish trend.
What is the support and resistance level for LEN.B stock?
LENNAR CORP - B SHS (LEN.B) has a support level at 112.65 and a resistance level at 115.63. Check the full technical report for our detailed analysis of LEN.B support and resistance levels.