Lennar Corporation (LEN) stock price declined in its latest intraday trading, following an earlier collision with the resistance of its 50-day SMA. This exposed the stock to negative pressure that forced it to bounce lower, following an attempt to correct the main medium-term bearish trend. This corrective move led to the formation of a negative divergence in the Stochastic indicator after reaching extremely overbought levelsexaggerated relative to price actionas negative signals begin to emerge.

Therefore, our expectations indicate a decline in the stock price during its upcoming trading sessions, as long as the resistance level at 97.95 remains intact, targeting the first support level at 88.50.

Todays price forecast: Bearish