RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of LEN
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Lennar Corporation stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 15, 2024 Gain 7.62% PDF

The Lennar Corporation stock price gained 1.78% on the last trading day (Wednesday, 27th Mar 2024), rising from $165.56 to $168.50. During the last trading day the stock fluctuated 1.36% from a day low at $166.35 to a day high of $168.61. The price has risen in 7 of the last 10 days and is up by 1.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 275 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $219.34 million.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $169.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.73% during the next 3 months and, with a 90% probability hold a price between $173.72 and $189.02 at the end of this 3-month period.

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LEN Signals & Forecast

The Lennar Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $165.04 and $158.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 10.23%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lennar Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $153.35 and $152.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Lennar Corporation finds support just below today's level at $153.35. If this is broken, then the next support from accumulated volume will be at $152.86 and $147.59.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.26 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.30%.

Our recommended stop-loss: $161.96 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (LEN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Lennar Corporation to open at $167.82, and during the day (based on 14 day Average True Range), to move between $164.69 and $172.31, which gives a possible trading interval of +/-$3.81 (+/-2.26%) up or down from last closing price. If Lennar Corporation takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $153.35, some $15.15 (8.99%) from the current price of $168.50, our system finds the risk reward attractive.

Is Lennar Corporation stock A Buy?

Lennar Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.509 Strong Buy Candidate Upgraded

Predicted Opening Price for Lennar Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$167.82 ( 0.404%) $168.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 170.08 0.94 %
R2 169.22 0.425 %
R1 168.68 0.109 %
Current price: 168.50
Support S1 166.96 -0.92 %
S2 166.42 -1.23 %
S3 165.56 -1.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 168.50
Support S1 153.35 -8.99%
S2 152.86 -9.28%
S3 147.59 -12.41%

LEN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 09, 2024 Jan 23, 2024 Feb 07, 2024 $0.500 0.327%
2 Sep 27, 2023 Oct 11, 2023 Oct 26, 2023 $0.375 0.361%
3 Jun 22, 2023 Jul 06, 2023 Jul 21, 2023 $0.375 0.296%
4 Apr 12, 2023 Apr 25, 2023 May 10, 2023 $0.375 0.329%
5 Jan 12, 2023 Jan 26, 2023 Feb 10, 2023 $0.375 0.368%

FAQ

What is the symbol for Lennar Corporation Stock and on which exchange is it traded?
The symbol for Lennar Corporation is LEN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Lennar Corporation Stock?
Lennar Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Lennar Corporation Stock?
Lennar Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lennar Corporation Stock.

What's the current price of Lennar Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Lennar Corporation (LEN) share was $168.50.

What is the 52-week high and low for Lennar Corporation Stock?
The 52-week high for Lennar Corporation Stock is $168.61 and the 52-week low is $100.95.

What is the market capitalization of Lennar Corporation Stock?
As of the 2024-03-27, the market capitalization of Lennar Corporation is 46.428B.

When is the next earnings date for Lennar Corporation?
The upcoming earnings date for Lennar Corporation is Jun 12, 2024.
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About Lennar Corporation

Lennar Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, a... LEN Profile

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