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Archive
- 11/8/2024 -
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Leggett & Platt (LEG) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week for the Leggett & Platt (LEG). During the week, the LEG climbed 0.11 points, or 0.92%, and closed at 12.13 on Friday, November 8, 2024. Weekly volume was -16% below average.
 Long-term trend: [See LEG long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 59.16 and reached 10.11 on May 29, 2024. LEG lost 49.05 points, or 82.91%, in 159 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 4.62 and resistance is at 16.26. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See LEG medium-term trend chart]
A medium-term uptrend had started on May 29, 2024 at 10.11 and reached 14.23 on September 27, 2024. LEG gained -4.12 points, or -40.75%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 11.64 and resistance is at 14.64. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See LEG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See LEG short-term trend chart]
A short-term uptrend had started on October 29, 2024 at 11.71 and reached 13.04 on October 30, 2024. LEG gained -1.33 points, or -11.36%, in 1 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 11.88 and resistance is at 12.40. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See LEG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 18, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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