The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 6/27/2025 -
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Leggett & Platt (LEG) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The period of low volatility of the stock price
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It was a first positive week for the Leggett & Platt (LEG). During the week, the LEG climbed 0.06 points, or 0.65%, and closed at 9.25 on Friday, June 27, 2025. Weekly volume was 202% above 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 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 (4.63) 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 10.15 on May 12, 2025. LEG gained -3.67 points, or -56.64%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (9.68) is broken. A broken support is considered to be a long-term bearish 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 support 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 April 25, 2025. 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 June 23, 2025 at 8.84 and reached 9.40 on June 24, 2025. LEG gained -0.56 points, or -6.33%, in 1 days. The price is now at the 26.79% retracement level.

Daily Technical Indicators: [See LEG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 16, 2025. The distance between MACD and the signal line is low and getting smaller.

The distance between the Bollinger Bands is falling, and it was 9.08% on Friday. It is 56.47% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.55
Williams' Percentage Range (W%R) 49.80
Lane's Stochastic (%D-Slow) 49.53
Greed/Fear Indicator (GFI) 51.10
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.89
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 72.57
Greed/Fear Indicator (GFI) 60.64
Moving Average Converg./Diverg. (MACD) -0.81
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 9.74
Quarterly Trendline Support 9.68
Upper Bollinger Band 9.61
Quarterly Trendline Resistance 9.54
Parabolic System 9.35
Price 9.25
20 Day Moving Average 9.23
Daily Stochastic Crossing 9.13
50 Day Moving Average 8.91
Lower Bollinger Band 8.78
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Home Furnishings 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 8.84
Low Date 06/23/2025
High 9.40
High Date 06/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.84
Low Date 06/23/2025
High 9.40
High Date 06/24/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 9.77
High Date 06/10/2025
Low 8.84
Low Date 06/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 9.54
Support 9.68
Low 6.48
Low Date 04/16/2025
High 10.15
High Date 05/12/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 4.35
Support 4.63
High 59.16
High Date 05/10/2021
Low 6.48
Low Date 04/16/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.