LEGGETT & PLATT INC (LEG) Stock Technical Analysis
NYSE:LEG - New York Stock Exchange, Inc. - US5246601075 - Common Stock - Currency: USD
Taking everything into account, LEG scores 8 out of 10 in our technical rating. Although LEG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
LEG is one of the better performing stocks in the Household Durables industry, it outperforms 77% of 63 stocks in the same industry.
In the last month LEG has a been trading in the 8.79 - 10.60 range, which is quite wide. It is currently trading near the high of this range.
LEG has an average volume of 2335920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LEG turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
LEG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEG is lagging the market.
Considerably lower volume is observed in the last couple of days.
LEG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.93, a Stop Loss order could be placed below this zone.
More info and screens
8.62
10.44
We found 3 important support areas.
- A support zone ranging from 9.77 to 9.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.91 from a horizontal line in the daily time frame.
- Support @8.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @10.34 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LEG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEG is up. |
| ChartMill Relative Strength | 60.63 | NEUTRAL | LEG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LEG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.63 | NEUTRAL | The RSI value for LEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests LEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.47 | OVERBOUGHT | The high Stochastics value suggests LEG may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for LEG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for LEG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.35 | 9.76 | 0.59 (5.70%) | 17.54% |
| An entry @10.35. This is a Buy Stop order right above the resistance zone. | An exit @9.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.59 points, which is 5.70%. | For a 1.00% total portfolio risk, you can invest 17.54% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.33
+0.08 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.78%
1 Week4.55%
2 Weeks1.97%
1 Month13.14%
3 Month41.7%
6 Month-3.37%
12 Month-21.92%
2 Year-64.7%
3 Year-73.94%
5 Year-74.23%
10 Year-78.39%
15 Year-50.43%
Volatility
ATR(14)0.36
ATR(20)%3.79%
ATR Inc6.01%
Range Today0.32
ADR(20)0.38
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.63
Mansfield-1
10 Day High10.6
10 Day Low9.59
20 Day High10.6
20 Day Low8.79
52 Week High14.23
52 Week Low6.48
CS1 End9.93
CR1 Start10.34
Volume & EV
DER(3)-1.97%
DER(5)-1.14%
Volume1.25M
Volume Incr-53.05%
Vol(5)1.51M
Vol(50)2.34M