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.

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- 10/31/2025 -
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Leggett & Platt (LEG) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Stochastic signal line moved below overbought areaPrice has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Leggett & Platt (LEG). During the week, the LEG gained 0.22 points, or 2.41%, and closed at 9.34 on Friday, October 31, 2025. Weekly volume was 16% 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 (3.82) 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 10.73 on October 28, 2025. LEG gained -4.25 points, or -65.59%, in 27 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 8.65 and resistance is at 10.02. 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 medium-term trend.

Weekly Technical Indicators: [See LEG weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 28, 2025 at 10.73 and reached 9.20 on October 31, 2025. LEG lost 1.53 points, or 14.26%, in 3 days. The price is now at the 9.15% retracement level.

Daily Technical Indicators: [See LEG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 October 14, 2025.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.98
Williams' Percentage Range (W%R) 52.70
Lane's Stochastic (%D-Slow) 57.55
Greed/Fear Indicator (GFI) 55.27
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.92
Williams' Percentage Range (W%R) 43.90
Lane's Stochastic (%D-Slow) 36.86
Greed/Fear Indicator (GFI) 48.64
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Parabolic System 10.74
Upper Bollinger Band 10.25
Quarterly Trendline Resistance 10.02
Daily Stochastic Crossing 9.95
Price 9.34
50 Day Moving Average 9.29
Weekly Stochastic Crossing 9.20
20 Day Moving Average 9.09
Quarterly Trendline Support 8.65
Lower Bollinger Band 8.29
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Home Furnishings 53
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 10.73
High Date 10/28/2025
Low 9.20
Low Date 10/31/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.34
Low Date 10/14/2025
High 10.73
High Date 10/28/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.86
Low Date 08/04/2025
High 10.73
High Date 10/28/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 10.02
Support 8.65
Low 6.48
Low Date 04/16/2025
High 10.73
High Date 10/28/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 6.98
Support 3.82
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.