LEGGETT & PLATT INC (LEG) Stock Technical Analysis
NYSE:LEG - US5246601075 - Common Stock
9.73 USD
0 (0%)
9.73 USD
0 (0%)
Taking everything into account, LEG scores 5 out of 10 in our technical rating. LEG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, LEG is a bad performer in the overall market: 82% of all stocks are doing better.
LEG is one of the lesser performing stocks in the Household Durables industry. 67% of 63 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month LEG has a been trading in the 7.86 - 9.96 range, which is quite wide. It is currently trading near the high of this range.
LEG has an average volume of 2357680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Although the technical rating is only medium, LEG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 9.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for LEG in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
More info and screens
8.31
10.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.49 to 9.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.11 to 9.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.39 to 8.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @9.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.19 to 10.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for LEG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LEG is up. |
| ChartMill Relative Strength | 18.01 | NEGATIVE | LEG has a low relative strength, it was outperformed by 81.99% off all stocks 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) | 55.82 | NEUTRAL | The RSI value for LEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests LEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.49 | OVERBOUGHT | The high Stochastics value suggests LEG may be overbought. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for LEG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.07 | NEGATIVE | The low ADX value for LEG suggests a weak or negative 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)
9.73
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0%
1 Week6.69%
2 Weeks3.51%
1 Month1.88%
3 Month7.4%
6 Month6.11%
12 Month-23.02%
2 Year-65.5%
3 Year-74.54%
5 Year-76.27%
10 Year-78.1%
15 Year-49.24%
Volatility
ATR(14)0.33
ATR(20)%4.14%
ATR Inc-29.45%
Range Today0.19
ADR(20)0.39
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.01
Mansfield-1.27
10 Day High9.96
10 Day Low9.08
20 Day High9.96
20 Day Low7.86
52 Week High14.23
52 Week Low6.48
CS1 End9.52
CR1 Start9.89
Volume & EV
DER(3)5.04%
DER(5)3.7%
Volume1.28M
Volume Incr-7.95%
Vol(5)1.69M
Vol(50)2.36M