Lennar Corp Technical Analysis (NYSE:LEN.B)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The LEN.B stock chart pattern can give those who understand technical analysis an indication of which way LEN.B stock is headed, but cannot predict with 100% certainty as to what can happen to the Lennar Corp stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Lennar Corp. Technical analysis uses an approach for Lennar Corp stock analysis that does not care for the fair value of a company but uses price and volume data only.
Lennar Corp Moving Average
Moving averages help predict the price direction of LEN.B stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Lennar Corp are mostly signals of long term trends and will help long term traders.
Lennar Corp Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Lennar Corp. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Lennar Corp bollinger bands show that the stock price is $42.26, upper band is 43.53, lower band is 40.74, and the average is 42.13.
Lennar Corp Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Lennar Corp MACD indicator can be used to identify bullish and bearish trends for the stock.
Lennar Corp Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 51.05 is the RSI value of LEN.B stock.