$LEN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LEN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
LEN trade ideas
RectanglePrice appears to be bound by two horizontal trendlines.
Earnings 12-14 AMC.
I hear the talking heads speaking of lowered mortgage rates, but I did not dig in to what I heard.
I think I do better if I do not hear them sometimes (o: They continuously talk about what the Fed is planning to do with rates all day long, and I do not think they know anymore than we do. LOL I doubt even Powell knows for sure.
It is like a few weeks ago, the housing bubble was supposed to bust and not it is not?
Nothing ceases to amaze me.
Neutral pattern until broken.
No recommendation.
RectangleNeutral until broken.
Earnings estimated to be on 12-14 AMC.
Earnings estimates are lower than last quarter.
Small symmetrical triangle that is also neutral until broken.
Difficult industry right now but a great stock.
Short interest around 3.57%
No recommendation
Which way is LEN headed?Appears that Lennar is headed from bearish to bullish trend, however it did not cross the August high resistance levels. Will LEN check back to the 150 day moving average? or will it break trend and cross the resistance level. I'm leaning to checking back based on macro. Higher rates and poor customer traffic will hurt top line and/or margins. Builders are having to provide incentives (buy points, discount, etc) in order to drive sales.
$LEN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LEN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 71.43%.
LEN 9/22/2022LEN
Daily chart analysis
LEN is currently in a downtrend under the 200 ema
After reaching low of 64.00, pulled back and broke above resistance level at 81.00
The breakout is deemed a failed breakout after price falls back below 81.00
Price has the followed by making a series of lower lows creating a downtrend line
Price is currently at resistance from down trendline, an area of value.
This is my cue to enter trade short.
Entry: 75.81
Stop loss: 81.92
Target: 64.00, +15.58%, 1.93 RR ratio
LEN Lennar Corporation Options Ahead Of EarningsLooking at the LEN Lennar Corporation options chain, i would buy the $71 strike price Puts with
2022-9-23 expiration date for about
$1.00 premium.
Looking forward to read your opinion about it.
housing slow down incoming? BEARISH DEATH SOMBRERO DETECTEDsombrero pattern detected (yes i know, sarcasm)
XHB XLRE WMT IYR DIA VT XLY
LENNAR appears overboughtBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on July 21, 2022 with a closing price of 82.08.
If this instance is successful, that means the stock should decline to at least 81.65 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.218% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 4.588% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 7.85% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 11 trading bars; half occur within 23 trading bars, and one-quarter require at least 35 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NEW SWING TRADE ON LEN - Bullish ;) Love the compression, hammer inside candles above the 10, 20, and 50 ema
Double bottomish with increasing volume
LEN - Uptrend ContinuationSimilar positions in grey circles
These circles are preceded by similar patterns
Uptrend should stay intact on this weekly timeframe and continuation result
6/5/22 LENLennar Corporation ( NYSE:LEN )
Sector: Consumer Durable (Homebuilding)
Market Capitalization: 23.216B
Current Price: $80.19
Breakout price: $81.10
Buy Zone (Top/Bottom Range): $79.55-$69.45
Price Target: $99.10-$102.40
Estimated Duration to Target: 237-240d
Contract of Interest: $LEN 1/20/23 85c
Trade price as of publish date: $8.50/contract
HIGH RISK LEN Initial Long on the dailyHIGH RISK LEN Initial Long on the daily. TPs and SL on the chart. Max margin/leverage or call option play.
28/4/2022 NYSE (LEN)Short (Entry Price) within the sell zone area and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $75.39 / $77.43
Target Price: $73.44 / $76.22
Stop Loss: $78.64
1/4/2022 NYSE (LEN)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $82.61
Target Price: $80.70
Stop Loss: $85.84
$LEN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LEN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
I am liking this risk reward potential here LEN bouncing off this strong support zone, good risk reward for longs if we take entry here imo.
be careful once we get closer to trend resistance, for now my targets are 88.83-93.14
LEN - broke major supportEntered short at 88 with initial stop loss @ 92.50.
Near term target of 81.50 (38.2% fib retracemnt of the major trend up from Mar 2020's covid low to it's top in Nov 2021. Should stock continues lower, then possibly next targrt @ 71 (50% fib retracement as well at pre-covid high in Feb 2020)
Disclaimer: This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
Lennar Corporation USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Lennar is holding up very well and ready for more gainsNYSE:LEN broke out and retesting, any pullback towards 110$ is a buying opportunity. Targets and anticipated price action are shown on the chart, stop loss daily close below 20MA.
Hit the like button please if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
LennarI believe this can drop for the rest of December. Lennar workers are off all of December and not many people want to buy into Lennar homes but I do see value in their rentals . Sales should pick up after holidays and new year . What do you think …
12/5/21 LENLennar Corporation ( NYSE:LEN )
Sector: Consumer Durable (Homebuilding)
Current Price: $112.32
Breakout price: $114.50
Buy Zone (Top/Bottom Range): $108.90-$111.65
Price Target: $120.00-$123.00
Estimated Duration to Target: 40-42d
Contract of Interest: $LEN 1/21/22 115c
Trade price as of publish date: $5.40/contract
LENLEN looks like a nice candidate for a breakout play. We even have a cross on the macd. A close above the 110.61 will confirm the break.
