The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 6
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Exhaustion

Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

Archive
- 3/15/2024 -
Sign In to see current Signals.

Lennar Corp. (LEN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Lennar Corp. (LEN). During the week, the LEN dropped -7.62 points, or -4.64%, and closed at 156.57 on Friday, March 15, 2024. Weekly volume was 61% above average.

Long-term trend: [See LEN long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 3.42 and reached 167.49 on March 13, 2024. LEN gained -164.07 points, or -4797.37%, in 798 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (70.93) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line 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 167.49 on March 13, 2024. LEN gained -104.94 points, or -167.77%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 114.05 and resistance is at 165.38. 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 medium-term trend.

Weekly Technical Indicators: [See LEN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LEN short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 167.49 and reached 151.52 on March 15, 2024. LEN lost 15.97 points, or 9.53%, in 2 days. The price is now at the 31.62% retracement level.

Daily Technical Indicators: [See LEN daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.61
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 59.18
Greed/Fear Indicator (GFI) 43.34
Moving Average Converg./Diverg. (MACD) 2.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.19
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 76.87
Greed/Fear Indicator (GFI) 68.94
Moving Average Converg./Diverg. (MACD) 9.70
Trading Signals
Description Value Chart
Upper Bollinger Band 168.53
Monthly Trendline Resistance 168.51
Parabolic System 167.01
Quarterly Trendline Resistance 165.38
Weekly Stochastic Crossing 161.93
Daily Stochastic Crossing 160.04
20 Day Moving Average 157.92
Price 156.57
50 Day Moving Average 153.87
Lower Bollinger Band 148.14
Yearly Trendline Resistance 136.07
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 167.49
High Date 03/13/2024
Low 151.52
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 167.49
High Date 03/13/2024
Low 151.52
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 168.51
Support 188.48
Low 102.90
Low Date 10/26/2023
High 167.49
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 165.38
Support 114.05
Low 62.55
Low Date 06/17/2022
High 167.49
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 136.07
Support 70.93
Low 3.42
Low Date 11/21/2008
High 167.49
High Date 03/13/2024
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.