Stock Of The Day: Is Home Builder Lennar About To Rally?
Stock Of The Day: Is Home Builder Lennar About To Rally?
The bottom part of the chart is the Relative Strength Index (RSI) momentum indicator. When the blue line crosses below the horizontal red line it indicates oversold conditions. As you can see, that's the case now.Shares of homebuilder Lennar Corporation (NYSE:LEN) are trading higher Tuesday. A new rally may be about to start.
建築商Lennar Corporation（紐交所：LEN）的股票週二交易價格上漲。一個新的反彈可能即將開始。
This is why our team of technical analysts has made it our Stock of the Day.
這就是爲什麼我們的技術分析師團隊將其選爲今天的股票。
Most of the time a stock stays within its usual or typical trading range. But sometimes traders who are selling can become emotional and aggressive and push it below this range. When this happens, traders say the stock is oversold.
大多數時候，股票在其常規或典型交易區間內波動。但有時，正在賣出的交易者可能會情緒激動和激進，導致價格跌破該區間。當這種情況發生時，交易者會說股票被超賣了。
The bottom part of the chart is the Relative Strength Index (RSI) momentum indicator. When the blue line crosses below the horizontal red line it indicates oversold conditions. As you can see, that's the case now.
圖表底部是相對強弱指數（RSI）動量指標。當藍色線交叉到水平紅線以下時，表示超賣狀態。如你所見，現在就是這種情況。
Lennar is the most oversold that it has been in almost five years. The last time it was this oversold was during the COVID-19 pandemic crash. As you can see, a major rally followed. The stock more than tripled in six months.
Lennar的超賣情況是近五年來最嚴重的。上一次如此超賣是在COVID-19大流行崩潰期間。如你所見，隨之而來的是一波大反彈。股票在六個月內增長超過三倍。
The chart illustrates how price levels that had been peaks or tops can turn into support.
該圖表說明了曾經是峯值或頂部的價格水平如何變成支撐位。
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The $71 level was a peak for Lennar in February 2020. In July 2020 this resistance was broken and the level converted into support.
$71的水平在2020年2月是Lennar的一個高峰。2020年7月，這個阻力位被突破，並轉化爲壓力位。
The $134 level was a peak in July 2023. In December 2023 this resistance broke. Now the stock is getting back close to this price and if it does, there is a good chance it converts into support as well.
$134的水平在2023年7月是一個高峰。2023年12月，這個阻力位被突破。現在這隻股票再次接近這個價格，如果接近，很有可能也會轉化爲壓力位。
Resistance converting into support is a common occurrence in the stock market. It happens due to investor and trader psychology.
阻力位轉化爲壓力位在股市上是常見的現象。它發生是由於投資者和交易者的心理。
There are people who sell at the peak and regret doing so if and when the price eventually moves higher. Many of them decide that if they can buy their shares back at the same price they were sold for, they will.
有些人會在高峰時賣出，當價格最終上漲時，他們會後悔這樣做。許多人決定，如果他們能以出售時的相同價格買回股票，他們會這麼做。
As a result, if the stock eventually drops back to its selling price, they place buy orders. If there is a large number of these orders it will create support at the same price that was resistance.
因此，如果股票最終回落到其賣出價格，他們會下買單。如果這些訂單數量較多，就會在之前的阻力位形成壓力位。
Of course, it's too soon to know what will happen. But there is a chance Lennar is on the verge of a reversal and a large move higher.
當然，現在說發生什麼還爲時已晚。但Lennar有可能即將出現反轉，並大幅上漲。
Photo: Shutterstock
Photo: Shutterstock
譯文內容由第三人軟體翻譯。
