Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 9.84% PDF

The Lennar Corporation stock price gained 2.07% on the last trading day (Thursday, 28th Mar 2024), rising from $168.50 to $171.98. During the last trading day the stock fluctuated 2.27% from a day low at $168.75 to a day high of $172.58. The price has risen in 8 of the last 10 days and is up by 12.51% 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, 804 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $362.13 million.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $169.67, a level that may pose a second chance to hit a runner. According to fan-theory $183.40 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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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 $166.81 and $159.04. 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 12.51%. 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.83 (2.27%) between high and low. For the last week, the stock has had daily average volatility of 1.51%.

Our recommended stop-loss: $165.48 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (LEN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lennar Corporation to open at $171.10, and during the day (based on 14 day Average True Range), to move between $168.15 and $175.81, which gives a possible trading interval of +/-$3.83 (+/-2.23%) up or down from last closing price. If Lennar Corporation takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $153.35, some $18.63 (10.83%) from the current price of $171.98, our system finds the risk reward attractive.

Is Lennar Corporation stock A Buy?

Lennar Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Lennar Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$171.10 ( 0.509%) $171.98

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 174.94 1.72 %
R2 173.47 0.87 %
R1 172.57 0.343 %
Current price: 171.98
Support S1 169.64 -1.36 %
S2 168.73 -1.89 %
S3 167.27 -2.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 171.98
Support S1 153.35 -10.83%
S2 152.86 -11.12%
S3 147.59 -14.18%

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, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate 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 2024-03-28, the price of an Lennar Corporation (LEN) share was $171.98.

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 $100.95.

What is the market capitalization of Lennar Corporation Stock?
As of the 2024-03-28, the market capitalization of Lennar Corporation is 47.405B.

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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