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Lennar B's 15min chart shows Bollinger Bands Narrowing, Bearish Marubozu pattern.
ByAinvest
Friday, Aug 29, 2025 12:22 pm ET1min read
Lennar B's 15-minute chart has recently exhibited a narrowing of Bollinger Bands, accompanied by a bearish Marubozu pattern on August 29, 2022, at 12:15. This indicates a diminution in the magnitude of stock price fluctuations, suggesting that sellers are currently dominating the market and that bearish momentum is likely to persist.
Lennar B (LEN.B) has been a focus of investor attention due to its recent price movements and technical indicators. On August 22, 2025, the stock surged 5.6% to $129.90, forming a bullish engulfing pattern near key support at $123.50 [1]. This significant rally was accompanied by strong technical alignments, including the 50-day moving average (MA) above the 100-day MA, the MACD line above the signal line, and Bollinger Bands expanding with the price near the upper band.The volume during the rally spiked by 90%, indicating accumulation, while the Relative Strength Index (RSI) remained above 50 without bearish divergence [1]. Fibonacci analysis identified $120.50-$124.50 as critical support, with potential to test $135.60 if $131.03 resistance is sustained [1].
On August 29, 2022, Lennar B's 15-minute chart exhibited a narrowing of Bollinger Bands, accompanied by a bearish Marubozu pattern [2]. This pattern suggests a diminution in the magnitude of stock price fluctuations, indicating that sellers are currently dominating the market and that bearish momentum is likely to persist.
The recent narrowing of Bollinger Bands and the formation of a bearish Marubozu pattern on August 29, 2022, at 12:15, indicate a shift in market sentiment. This pattern suggests that the stock's price volatility has decreased, and sellers are currently in control. The bearish momentum may continue, which could impact Lennar B's future performance.
Investors and financial professionals should closely monitor Lennar B's price action and technical indicators to make informed decisions. The recent bullish and bearish patterns provide valuable insights into the stock's potential future movements.
References:
[1] https://www.ainvest.com/news/lennar-surges-5-6-bullish-technicals-signal-strong-recovery-2508/
[2] [Provide the URL if available, or describe the source if it's not available.]
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