LEN Faces Resistance as EMAs Turn Bearish
BearishLennar Corp (LEN) closed down 0.19% at $104.90 on December 27.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($109.29) and 21-day ($114.73) EMAs, suggesting short-term weakness.
Momentum
RSI at 35.8 is in neutral territory but trending lower. MACD is bearish (-4.94 vs signal -3.30).
Volatility
Bollinger Band width at 31.1% indicates normal volatility.
Key levels to watch: Support at $99.59, Resistance at $136.31.