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S&P 500 Oversold Stocks

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- 4/2/2026 -
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Leggett & Platt (LEG) Technical Analysis

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Summary:
Weekly :Oversold industryBroken trend resistance lineLane's Stochastic is oversoldTrend support at 9.46
Daily :Williams' Percentage Range is oversoldRelative Strength Index and Lane's Stochastic bullish divergenceDaily  MACD line has moved above its signal line
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It was a second positive week after 4 consecutive negative weeks for the Leggett & Platt (LEG). During the week, the LEG gained 0.11 points, or 1.15%, and closed at 9.69 on Thursday, April 2, 2026. It was the best weekly gain since February 20, 2026. Weekly volume was -30% below average.

LEG is a member of Home Furnishings Industry. Home Furnishings is the eighth most oversold industry. 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 (0.23) 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 August 4, 2025 at 7.86 and reached 13.00 on February 4, 2026. LEG gained -5.14 points, or -65.39%, in 26 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (9.46) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See LEG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 weekly MACD line is below its signal line since March 6, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See LEG short-term trend chart]
A short-term downtrend had started on February 4, 2026 at 13.00 and reached 9.37 on April 2, 2026. LEG lost 3.63 points, or 27.92%, in 57 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 8.86 and resistance is at 10.12. 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 short-term trend.

Daily Technical Indicators: [See LEG daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.39
Bullish
Williams' Percentage Range (W%R) 87.90
Oversold
Lane's Stochastic (%D-Slow) 28.03
Bullish
Greed/Fear Indicator (GFI) 26.85
Moving Average Converg./Diverg. (MACD) -0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.03
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 11.85
Oversold
Greed/Fear Indicator (GFI) 25.47
Moving Average Converg./Diverg. (MACD) 0.44
Trading Signals
Description Value Chart
50 Day Moving Average 11.19
Upper Bollinger Band 10.86
Weekly Trendline Resistance 10.12
20 Day Moving Average 10.06
Parabolic System 10.01
Price 9.69
Daily Stochastic Crossing 9.68
Weekly Stochastic Crossing 9.66
Lower Bollinger Band 9.52
Monthly Trendline Support 9.46
Weekly Trendline Support 8.86
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Home Furnishings 8
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 10.34
High Date 03/25/2026
Low 9.37
Low Date 04/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 10.12
Support 8.86
High 13.00
High Date 02/04/2026
Low 9.37
Low Date 04/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 14.03
Support 9.46
Low 7.86
Low Date 08/04/2025
High 13.00
High Date 02/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.48
Low Date 04/16/2025
High 13.00
High Date 02/04/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 2.25
Support 0.23
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.