Leggett & Platt Technical Analysis (NYSE:LEG)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The LEG stock chart pattern can give those who understand technical analysis an indication of which way LEG stock is headed, but cannot predict with 100% certainty as to what can happen to the Leggett & Platt stock price.
See Leggett & Platt bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Leggett & Platt stock analysis that does not care for the fair value of a company but uses price and volume data only.
Leggett & Platt Moving Average
Moving averages show the LEG stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $44.24 is above the last closing price of $43.1 and the 50 day moving average of $44.26 is above the last closing price of $43.1. The 10 and 20 day periods can predict short term moving average trends.
Leggett & Platt Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Leggett & Platt. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Leggett & Platt bollinger bands show that the stock price is $43.1, upper band is 46.2, lower band is 42.28, and the average is 44.24.
Leggett & Platt Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Leggett & Platt MACD line is above the signal line.
Leggett & Platt Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 37.41 is the RSI value of LEG stock.