pool adsThe Fundamental Case for Lennar $LEN Using a Price Based Model
Traditionally Wall Street has used fundamental analysis to make investment decisions in stocks like Lennar (NYSE: LEN) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for LEN and it can be used as an example of how to use price action to define fundamental opportunity. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 83.48 |
| P2 | 100.71 | 100.01 | 93.34 |
| P3 | 103.98 | 104.93 | 102.56 |
Support and Resistance Plot Chart for LEN
Long Term Trading Plans for LEN
April 1, 2021, 3:00 am ET
The Technical Summary and Trading Plans for LEN help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LEN Report.
LEN - (Long) Support Plan
The technical summary data tells us to buy LEN near 93.34 with an upside target of 102.56. This data also tells us to set a stop loss @ 93.07 to protect against excessive loss in case the stock begins to move against the trade. 93.34 is the first level of support below 101.23 , and by rule, any test of support is a buy signal. In this case, support 93.34 is being tested, a buy signal would exist.
LEN - (Short) Resistance Plan
The technical summary data is suggesting a short of LEN as it gets near 102.56 with a downside target of 93.34. We should have a stop loss in place at 102.86though. 102.56 is the first level of resistance above 101.23, and by rule, any test of resistance is a short signal. In this case, if resistance 102.56 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Factset: Request User/Pass
Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.
Our Market Crash Leading Indicator is Evitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change: Take a Trial
