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Downtrend Broken Resist.Archive
- 8/22/2025 -
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Leggett & Platt (LEG) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third consecutive positive week for the Leggett & Platt (LEG). During the week, the LEG gained 0.29 points, or 3.09%, and closed at 9.66 on Friday, August 22, 2025. Weekly volume was -32% below average.
LEG is a member of Consumer Discretionary Sector. Consumer Discretionary is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See LEG long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 59.16 and reached 6.48 on April 16, 2025. LEG lost 52.68 points, or 89.05%, in 205 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (3.16) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See LEG medium-term trend chart]
A medium-term uptrend had started on April 16, 2025 at 6.48 and reached 10.60 on July 23, 2025. LEG gained -4.12 points, or -63.58%, in 14 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See LEG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 25, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 4, 2025 at 7.86 and reached 9.70 on August 22, 2025. LEG gained -1.84 points, or -23.41%, in 18 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 9.07 and resistance is at 9.87. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
Daily Technical Indicators: [See LEG daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since August 14, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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