Technical Analysis for LEN.B - Lennar Corporation Class B

Grade Last Price % Change Price Change
C 147.44 -1.61% -2.41
LEN.B closed up 0.62 percent on Tuesday, May 7, 2024, on 76 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish -1.61%
NR7 Range Contraction -1.61%
Narrow Range Bar Range Contraction -1.61%
Stochastic Reached Overbought Strength -1.61%
Multiple of Ten Bearish Other -1.61%
Above Upper BB Strength -1.61%
Gapped Up Strength -1.61%
Overbought Stochastic Strength -1.61%
Up 3 Days in a Row Strength -1.61%
Up 4 Days in a Row Strength -1.61%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 6 hours ago
Down 1% about 7 hours ago
Fell Below Upper Bollinger Band about 7 hours ago
Fell Below Previous Day's Low about 7 hours ago
Possible NR7 1 day ago

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Profile

Lennar Corporation Class B Description

Lennar Corporation, together with its subsidiaries, is engaged in homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto Investments, and Lennar Multifamily segments. Its homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land. The company also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Further, the company develops multifamily rental properties. Lennar Corporation was founded in 1954 and is headquartered in Miami, Florida.


Classification

Sector: Consumer Cyclical
Industry: Residential Construction
Keywords: Loan Mortgage Loan Title Insurance Homebuilder Commercial Mortgage Related Financial Services Home Buyers Mortgage Financing Lennar Corporation

Is LEN/B a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 155.3
52 Week Low 93.62
Average Volume 45,432
200-Day Moving Average 125.34
50-Day Moving Average 145.65
20-Day Moving Average 142.41
10-Day Moving Average 143.98
Average True Range 3.71
RSI (14) 60.32
ADX 17.82
+DI 30.31
-DI 21.68
Chandelier Exit (Long, 3 ATRs) 140.42
Chandelier Exit (Short, 3 ATRs) 147.45
Upper Bollinger Bands 148.92
Lower Bollinger Band 135.90
Percent B (%b) 1.07
BandWidth 9.14
MACD Line 0.40
MACD Signal Line -0.67
MACD Histogram 1.0632
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 150.98
Resistance 3 (R3) 150.99 150.61 150.79
Resistance 2 (R2) 150.61 150.32 150.61 150.73
Resistance 1 (R1) 150.23 150.14 150.04 150.23 150.67
Pivot Point 149.86 149.86 149.76 149.85 149.86
Support 1 (S1) 149.48 149.57 149.29 149.47 149.03
Support 2 (S2) 149.10 149.39 149.10 148.97
Support 3 (S3) 148.72 149.10 148.91
Support 4 (S4) 148.72