LEGGETT & PLATT INC. - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 40.31 USD
My targets
42.58 USD (+4.29%)
43.70 USD (+7.03%)
My analysis
LEGGETT & PLATT INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 40.31 USD. The next resistance located at 42.58 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 43.70 USD. After this resistance, buyers could then target 44.88 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LEGGETT & PLATT INC. rating 40.83 USD. The price has increased by +0.37% since the last closing with the lowest point at 40.60 USD and the highest point at 41.05 USD. The deviation from the price is +0.57% for the low point and -0.54% for the high point.40.60
41.05
40.83
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LEGGETT & PLATT INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of LEGGETT & PLATT INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.79 | 39.24 | 40.31 | 40.83 | 42.58 | 43.70 | 44.88 |
| Change (%) | -7.45% | -3.89% | -1.27% | - | +4.29% | +7.03% | +9.92% |
| Change | -3.04 | -1.59 | -0.52 | - | +1.75 | +2.87 | +4.05 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.33 | 39.65 | 40.17 | 40.49 | 41.01 | 41.33 | 41.85 |
| Camarilla | 40.45 | 40.53 | 40.60 | 40.68 | 40.76 | 40.83 | 40.91 |
| Woodie | 39.42 | 39.70 | 40.26 | 40.54 | 41.10 | 41.38 | 41.94 |
| Fibonacci | 39.65 | 39.97 | 40.17 | 40.49 | 40.81 | 41.01 | 41.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.88 | 39.78 | 40.30 | 41.20 | 41.72 | 42.62 | 43.14 |
| Camarilla | 40.42 | 40.55 | 40.68 | 40.81 | 40.94 | 41.07 | 41.20 |
| Woodie | 38.68 | 39.69 | 40.10 | 41.11 | 41.52 | 42.53 | 42.94 |
| Fibonacci | 39.78 | 40.33 | 40.66 | 41.20 | 41.75 | 42.08 | 42.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.23 | 32.89 | 34.87 | 37.53 | 39.50 | 42.17 | 44.14 |
| Camarilla | 35.56 | 35.99 | 36.41 | 36.84 | 37.26 | 37.69 | 38.11 |
| Woodie | 29.88 | 32.72 | 34.52 | 37.36 | 39.15 | 41.99 | 43.79 |
| Fibonacci | 32.89 | 34.67 | 35.76 | 37.53 | 39.30 | 40.39 | 42.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.27 | |
| MACD (12,26,9): | 0.7500 | |
| Directional Movement: | 6.51 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 41.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.63 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 39.13 | |
| Zig ZAG (10): | 40.83 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 55.51 | |
| TEMA (21): | 41.64 | |
| Williams %R (14): | -48.79 | |
| Chande Momentum Oscillator (20): | -0.63 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 15.76 |
| MA7: | 41.02 | |
| MA20: | 40.06 | |
| MA50: | 39.02 | |
| MA100: | 38.16 | |
| MAexp7: | 40.91 | |
| MAexp20: | 40.28 | |
| MAexp50: | 39.33 | |
| MAexp100: | 39.04 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +1.92% | |
| Price / MA50: | +4.64% | |
| Price / MA100: | +7.00% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | +1.37% | |
| Price / MAexp50: | +3.81% | |
| Price / MAexp100: | +4.59% |
News
The last news published on LEGGETT & PLATT INC. at the time of the generation of this analysis was as follows:
- Leggett & Platt Announces New Chief Financial Officer
- Leggett & Platt Announces Quarterly Dividend Of $.40
- Leggett & Platt Reports 2Q Results
- Leggett & Platt Announces Perry Davis To Retire
- Leggett Announces Annual Meeting Results And Election Of Two New Board Members
This member declared not having a position on this financial instrument or a related financial instrument.
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