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Downtrend ResistanceArchive
- 6/26/2026 -
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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 0.68 points, or 6.19%, and closed at 11.67 on Friday, June 26, 2026. Weekly volume was 86% above average.
 Long-term trend: [See LEG long-term trend chart]
A long-term uptrend had started on April 16, 2025 at 6.48 and reached 13.00 on February 4, 2026. LEG gained -6.52 points, or -100.62%, in 42 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (12.03) 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 long-term trend.
 Medium-term trend: [See LEG medium-term trend chart]
A medium-term downtrend had started on February 4, 2026 at 13.00 and reached 9.10 on May 18, 2026. LEG lost 3.90 points, or 30%, in 14 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (11.51). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See LEG weekly technical indicators chart]
Weekly technical indicators are neutral.
The distance between MACD and the signal line is low and getting smaller. 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 May 18, 2026 at 9.10 and reached 11.75 on June 26, 2026. LEG gained -2.65 points, or -29.12%, in 39 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (11.70). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See LEG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is above its signal line since May 22, 2026. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average 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.
 Candlestick pattern: [See LEG candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.
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