LEG Technical Analysis - LEGGETT & PLATT INC

Technical Rating and Analysis

Taking everything into account, LEG scores 1 out of 10 in our technical rating. LEG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

88% of all other stocks performed better in the past year than LEG.

LEG is part of the Household Durables industry. There are 61 other stocks in this industry, of which 65% are performing better than LEG.

LEG has an average volume of 1643840 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.

In the last month LEG has a been trading in the 8.34 - 9.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LEGGETT & PLATT INC / LEG Weekly stock chart

LEGGETT & PLATT INC / LEG Daily stock chart

Setup Rating and Analysis

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. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.99

10.55

When analyzing the support we can see 2 important areas.

Support @8.57 from a trend line in the daily time frame.
A support zone ranging from 8.07 to 8.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

Resistance @9.42 from a trend line in the weekly time frame.
Resistance @9.83 from a trend line in the daily time frame.
A resistance zone ranging from 10.02 to 10.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for LEG is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LEG is neutral.
ChartMill Relative Strength	12.41	NEGATIVE	LEG has a low relative strength, it was outperformed by 87.59% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of LEG is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of LEG is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of LEG is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.55	NEUTRAL	The RSI value for LEG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests LEG has a positive trend.
Stochastics (14,3)	67.48	NEUTRAL	The Stochastics value for LEG is a neutral value.
Average True Range in percent/ATR (20)	2.81	MEDIUM VOLATILITY	The ATR as a percentage value for LEG suggests some volalility.
Average Directional Index/ADX (14)	9.39	NEGATIVE	The low ADX value for LEG suggests a weak or negative trend.