Lennar stock: buy or sell
Updated on:
Mar 2nd, 2021
2
Lennar stock brief
- Lennar stock merely changed -0.45% to close at $82.60 on the stock market on Monday.
- The stock is configuring an uptrend pattern since October 2020, when it bottomed at $69.21. This uptrend marked a 19.35% gain
- Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States.
Should I buy Lennar stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LEN stock a buy?
Currently, Lennar stock matches one trading strategy:
Uptrend buy setup
Lennar stock continues to trend higher since in October 2020 and has marked an amazing 19.35% gain. Price marked a local bottom in this uptrend at $80.18 last Thursday, and since then it bounced off a 3.02%. Now, it's just 15.88% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $95.72. If you decide to enter this trade, the suggested stop loss is at $86.15
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $95.72 | $86.15 | 10.00% |
Should I sell Lennar stock?
How to know when is it time to sell Lennar?. Just as when we have to buy shares, determining when is appropiate to sell is not a haphazard decision, and we must use our own trading strategy. When selling, as well as buying, detailed setups are very easy to use but are only valid for selling stocks you already own, not for shorting $LEN stock
As a rule of thumb, you must never hold a trade that yields losses greater than those expected by the time of purchase. When to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Lennar stock?
Currently, Lennar stock doesn't match any of our preferred sell setups, so if you own Lennar shares and your operation is in profit probably is not time to sell now
Lennar ratings
We don't have any rating posted in the last 30 days for Lennar
Lennar stock analysis
Lennar shares started an uptrend in October 2020, and gained a gorgeous 19.35%. During this uptrend, the price gave some entry points on the breakouts. Latest pullback was last Thursday, when price bounced at $80.18. Now, the price moves in a consolidation between its last top ($95.72) and its last bottom ($80.18)
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price broke down the lower band last Thursday, the price bounced off by 3.02%
Relative strength index
The RSI dropped below the overbought level of 70 in mid-February after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 44.55. Since RSI lost the overbought zone, Lennar shares tanked a 12.65%
Lennar stock price history
Lennar went public on Mar 17th, 1980 priced at $0.00 per share1. Since then, LEN stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Mar 1980 would have a value of $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Lennar stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.
The following table shows the price predictions released by analysts in the last month. Again, these predictions are not direct recommendations for small traders and should not be followed blindly.
We don't have any target price posted in the last 4 weeks for Lennar.
Earnings and financials
Lennar ($LEN) had the earnings event and released the report last December. Lennar presented earnings of $2.82 per share on sales of $6.8 billion. The consensus earnings estimate was $2.37 per share on revenue of $6.7 billion.
Compared to the same quarter last year, EPS was $1.59, so current EPS means a gain of 77.36%. Looking at revenue, figures merely changed compared to $69.7B year over year.Lennar ($LEN) is releasing Q1 financial report on March 18. Wall Street expects of $1.71, compared to Q4 that was $2.82.
Lennar performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Lennar ($LEN) | -1.40% | 7.70% | 9.20% |
Disclaimer:
The opinions contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the particular positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for informational motives onlyLennar summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $83.97 |
| Close | $82.6 |
| Day range | $82.4 - $85.35 |
| Previous close | $82.97 |
| Session gain | -0.45% |
| Average true range | $4.16 |
| 50d mov avg | $82.33 |
| 100d mov avg | $79.38 |
| 200d mov avg | $74.09 |
| Earnings date | March 18th, 2021 |