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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 price ended at $152.23 on Tuesday, after losing 2.05%.
(Updated on Jun 11, 2024)

Sell candidate since Jun 05, 2024 Loss -4.48% PDF

The Lennar Corporation stock price fell by -2.05% on the last day (Tuesday, 11th Jun 2024) from $155.42 to $152.23. During the last trading day the stock fluctuated 1.68% from a day low at $151.79 to a day high of $154.34. The price has been going up and down for this period, and there has been a -1.76% loss for the last 2 weeks. Volume has increased on the last day by 352 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $290.46 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.46% during the next 3 months and, with a 90% probability hold a price between $141.64 and $163.26 at the end of this 3-month period.

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LEN Signals & Forecast

There are few to no technical positive signals at the moment. The Lennar Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $156.51 and $158.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -10.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Lennar Corporation stock

Lennar Corporation finds support from accumulated volume at $151.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.55 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LEN) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Lennar Corporation to open at $152.79, and during the day (based on 14 day Average True Range), to move between $148.49 and $155.97, which gives a possible trading interval of +/-$3.74 (+/-2.45%) up or down from last closing price. If Lennar Corporation takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $151.88 (0.23%) than the resistance at $152.86 (0.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Lennar Corporation will release earnings AMC on Monday, June 17, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.20. We will update the financials statements for Lennar Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.03% in the first trading day after earnings release.

Is Lennar Corporation stock A Buy?

Lennar Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.810 Sell Candidate Unchanged

Predicted Opening Price for Lennar Corporation of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$152.79 ( 0.365%) $152.23

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
R3 155.34 2.04%
R2 154.36 1.40%
R1 153.76 1.01%
Price 152.23
S1 151.81 -0.276%
S2 151.21 -0.672%
S3 150.23 -1.31%

Accumulated Volume Support & Resistance Levels

Level Price
R3 163.64 7.50%
R2 160.35 5.33%
R1 152.86 0.414%
Price 152.23
S1 151.88 -0.230%
S2 151.57 -0.434%
S3 150.19 -1.34%

LEN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 10, 2024 Apr 23, 2024 May 08, 2024 $0.500 0.316%
2 Jan 09, 2024 Jan 23, 2024 Feb 07, 2024 $0.500 0.327%
3 Sep 27, 2023 Oct 11, 2023 Oct 26, 2023 $0.375 0.361%
4 Jun 22, 2023 Jul 06, 2023 Jul 21, 2023 $0.375 0.296%
5 Apr 12, 2023 Apr 25, 2023 May 10, 2023 $0.375 0.329%

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 negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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 Jun 11, 2024, the price of an Lennar Corporation (LEN) share was $152.23.

What is the 52-week high and low for Lennar Corporation Stock?
The 52-week high for Lennar Corporation Stock is $172.58 and the 52-week low is $102.93.

What is the market capitalization of Lennar Corporation Stock?
As of the Jun 11, 2024, the market capitalization of Lennar Corporation is 41.905B.

When is the next earnings date for Lennar Corporation?
The upcoming earnings date for Lennar Corporation is Jun 17, 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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