Lennar B Gains 1.02% As Technicals Signal Bullish Continuation Above $129.14

Lennar B (LEN.B) Technical Analysis
Lennar B (LEN.B) rose 1.02% in the latest session, closing at $128.15 after fluctuating between $126.45 and $129.14. The following technical analysis integrates multiple frameworks to assess the stock’s trajectory.
Candlestick Theory
Recent price action shows consolidation near the $126–$129 range, with the 2025-09-03 session forming a bullish candle closing near its high. This follows a hammer pattern on 2025-08-22 (5.61% gain on high volume), signaling a potential reversal from the $121.62 low. Key resistance is established at $129.14 (September high), while support lies at $126.45 (September low). A sustained break above $129.14 would confirm bullish continuation, whereas failure to hold $126 could trigger a retest of the August swing low near $124.50.
Moving Average Theory
The 50-day SMA (~$124.50) recently crossed above the 100-day (~$118.80) and 200-day SMAs (~$114.30), forming a "golden cross" indicative of a bullish long-term trend. The current price trades above all three moving averages, reinforcing upward momentum. The 50-day SMA now acts as dynamic support; a pullback to this level would likely attract buyers. The alignment of the 50-day > 100-day > 200-day underscores a robust uptrend, though a close below the 50-day SMA could signal short-term weakness.
MACD & KDJ Indicators
The MACD (12,26,9) shows a bullish crossover in late August, with the histogram expanding positively since mid-August, confirming strengthening momentum. Concurrently, the KDJ oscillator exited oversold territory (KDJ < 20) in early August, with the %K line (current reading ~78) crossing above the %D line. While KDJ approaches overbought (>80), the MACD’s upward trajectory suggests lingering upside potential. Divergence is absent, supporting trend continuity.
Bollinger Bands
Price recently touched the upper Bollinger Band ($129.50), coinciding with the September resistance level. Bandwidth expanded sharply during the August rally, reflecting increased volatility, and has since contracted slightly, indicating consolidation. The mid-band (20-day SMA, ~$126) now serves as immediate support. Repeated tests of the upper band without a significant pullback imply bullish strength, though overextension risks remain if volume wanes.
Volume-Price Relationship
Volume spikes validated key price moves: the 2025-08-22 breakout (5.61% gain on 64k shares) confirmed bullish conviction, while the subsequent pullback saw lower volume, suggesting lackluster selling pressure. Recent sessions show average volume (~35k shares), with no decisive volume surge during the latest 1.02% gain. This divergence warrants monitoring; a breakout above $129.14 requires elevated volume to confirm sustainability.
Relative Strength Index (RSI)
The 14-day RSI (~62) is neutral but trending upward from oversold levels (<30) in early August. It remains below the overbought threshold (70), suggesting room for upside. However, RSI’s failure to exceed its August high (~75) during September’s price peak creates a minor bearish divergence. This may hint at fading momentum, though the indicator alone does not justify a reversal call without corroborating signals.
Fibonacci Retracement
Using the swing low of $98.45 (2025-04-21) and high of $139.35 (2024-12-18), key retracement levels are $124.50 (23.6%), $117.30 (38.2%), and $112.10 (50%). The August pullback found support near $124.50, aligning with the 50-day SMA and volume-backed buying interest. This confluence makes $124.50 a critical support zone. A break below this level could target $117.30, whereas holding above it reinforces the bullish structure.
Confluence & Conclusion
Multiple indicators converge at $124.50 (50-day SMA, 23.6% Fibonacci, volume-based support), creating a robust floor for Lennar B. The bullish MACD crossover, moving average alignment, and Bollinger Band resilience support further upside. However, the RSI divergence and lack of volume confirmation near resistance ($129.14) advise caution. Probabilistically, a sustained break above $129.14 may target $135–$139, while failure to hold $124.50 could trigger a correction toward $117.30. Overall, the weight of evidence leans bullish, but near-term consolidation is likely before a decisive directional move.