LENNAR CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	LEN
ISIN:

LENNAR CORP. - Daily - Technical analysis published on 09/25/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 53.62 USD

My targets

55.80 USD (+1.09%)

62.30 USD (+12.86%)

My analysis

The bullish trend is currently very strong on LENNAR CORP.. As long as the price remains above the support at 53.62 USD, you could try to benefit from the boom. The first bullish objective is located at 55.80 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 62.30 USD as an objective. Crossing it would then enable buyers to target 71.82 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The LENNAR CORP. rating is 55.20 USD. On the day, this instrument gained +0.57% and was between 54.70 USD and 56.05 USD. This implies that the price is at +0.91% from its lowest and at -1.52% from its highest.

54.70

56.05

55.20

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of LENNAR CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	49.22	52.02	53.62	55.20	55.80	62.30	71.82
Change (%)	-10.83%	-5.76%	-2.86%	-	+1.09%	+12.86%	+30.11%
Change	-5.98	-3.18	-1.58	-	+0.60	+7.10	+16.62
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.70	53.26	54.08	54.64	55.46	56.02	56.84
Camarilla	54.51	54.64	54.76	54.89	55.02	55.14	55.27
Woodie	52.82	53.33	54.20	54.71	55.58	56.09	56.96
Fibonacci	53.26	53.79	54.12	54.64	55.17	55.50	56.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.73	51.58	52.84	53.69	54.95	55.80	57.06
Camarilla	53.52	53.71	53.91	54.10	54.29	54.49	54.68
Woodie	50.94	51.68	53.05	53.79	55.16	55.90	57.27
Fibonacci	51.58	52.39	52.88	53.69	54.50	54.99	55.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.06	44.53	47.77	50.24	53.48	55.95	59.19
Camarilla	49.43	49.95	50.48	51.00	51.52	52.05	52.57
Woodie	42.44	44.72	48.15	50.43	53.86	56.14	59.57
Fibonacci	44.53	46.72	48.06	50.24	52.43	53.77	55.95

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	68.41
MACD (12,26,9):	1.1800
Directional Movement:	17.36
AROON (14):	100.00
DEMA (21):	54.57
Parabolic SAR (0,02-0,02-0,2):	52.49
Elder Ray (13):	1.70
Super Trend (3,10):	51.92
Zig ZAG (10):	55.20
VORTEX (21):	1.1500
Stochastique (14,3,5):	84.88
TEMA (21):	55.03
Williams %R (14):	-17.54
Chande Momentum Oscillator (20):	3.20
Repulse (5,40,3):	1.2900
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	11.01

MA7:	54.08
MA20:	52.82
MA50:	50.37
MA100:	50.62
MAexp7:	54.28
MAexp20:	53.05
MAexp50:	51.49
MAexp100:	50.54
Price / MA7:	+2.07%
Price / MA20:	+4.51%
Price / MA50:	+9.59%
Price / MA100:	+9.05%
Price / MAexp7:	+1.69%
Price / MAexp20:	+4.05%
Price / MAexp50:	+7.21%
Price / MAexp100:	+9.22%

News

The last news published on LENNAR CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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