LEGGETT & PLATT INC (LEG)       34.92  -0.39 (-1.1%)

34.92  -0.39 (-1.1%)

US5246601075 - Common Stock - After market: 34.92 0 (0%)

Technical Rating

3

We assign a technical rating of 3 out of 10 to LEG. In the past year, LEG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.



LEG is one of the better performing stocks in the Household Durables industry, it outperforms 70% of 68 stocks in the same industry.
In the last month LEG has a been trading in the 33.18 - 36.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, LEG outperforms 40% of them, which is more or less in line with the market.
LEG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

Statistics

1 Month 3 Months 6 Months 12 Months 4.61% -9.86% -6.20% -16.48% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 40.82 30.28 - 43.63
LEG Weekly chart
LEG Daily chart

Support/Resistance Analysis


34.43

42.38
When analyzing the support we notice one important area.
  • Support @34.78 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
  • A resistance zone ranging from 35.09 to 35.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 36.37 to 36.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @37.36 from a trend line in the weekly time frame.
  • Resistance @41.96 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

LEG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

LEG Daily chart

LEGGETT & PLATT INC34.92

NYSE:LEG (12/5/2022, 7:04:00 PM)-0.39 (-1.1%)

After market: 34.92 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Household Durables
Performance
Today -1.1% 1 Week -0.54%
2 Weeks 0.61% 1 Month 4.61%
3 Month -9.86% 6 Month -6.2%
Volatility
ATR(14) 0.84 ATR(20)% 2.68%
ATR Inc -22.35% Range Today 0.68
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 40.82 Mansfield -0.27
10 Day High 36.4 10 Day Low 34.39
20 Day High 36.46 20 Day Low 33.18
52 Week High 43.63 52 Week Low 30.28
CS1 End 34.78 CR1 Start 35.09
Volume & EV
DER(3) -0.5% DER(5) 0.01%
Volume 685.30K Volume Incr -18.97%
Vol(5) 631.12K Vol(50) 847.85K

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