LEGGETT & PLATT INC (LEG) Stock Technical Analysis
NYSE:LEG • US5246601075
Overall LEG gets a technical rating of 7 out of 10. In the last year, LEG was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- LEG is part of the Household Durables industry. There are 60 other stocks in this industry. LEG outperforms 84% of them.
- LEG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LEG is lagging the market slightly.
- LEG has an average volume of 1779090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, LEG did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month LEG has a been trading in the 11.18 - 13.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher 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 a resistance zone just above the current price starting at 12.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.83, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.98
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.44 to 11.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.98 from a horizontal line in the weekly time frame.
- Support @9.82 from a trend line in the weekly time frame.
- Support @9.22 from a trend line in the daily time frame.
- Support @9.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.74 to 12.90. 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 | UP | POSITIVE | The long term trend for LEG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LEG is neutral. |
| ChartMill Relative Strength | 82.45 | POSITIVE | LEG has a high relative strength, it outperformed 82.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEG is below a declining 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) | UP | POSITIVE | The current price of LEG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.39 | NEUTRAL | The RSI value for LEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests LEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.65 | NEUTRAL | The Stochastics value for LEG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for LEG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.76 | NEUTRAL | The ADX value for LEG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 12.15 | 11.43 | 0.72 (5.90%) | 16.94% |
| An entry @12.15. This is a Buy Stop order right above the 10 day moving average. | An exit @11.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.72 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.94% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LEG. Please evaluate whether better entry and exit points can be found.
- 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.
11.92
-0.26 (-2.13%)
LEGGETT & PLATT INC / LEG FAQ
What is the technical rating for LEG stock?
ChartMill assigns a technical rating of 7 / 10 to LEG.
What is the current trend direction of LEGGETT & PLATT INC (LEG) stock?
The current trend direction for LEGGETT & PLATT INC (LEG) is Bullish.
Can you provide the RSI signal for LEGGETT & PLATT INC?
LEGGETT & PLATT INC (LEG) has an RSI value of 48.3873. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LEGGETT & PLATT INC?
The MACD indicator for LEGGETT & PLATT INC (LEG) has a value of -0.0922601, indicating a bearish trend.
Can you provide the support and resistance levels for LEGGETT & PLATT INC?
LEGGETT & PLATT INC (LEG) has a support level at 11.83 and a resistance level at 12.74. Check the full technical report for our detailed analysis of LEG support and resistance levels.