Leggett Platt Incorporated Stock Technical Analysis

LEG Stock  USD 18.96  0.88  4.87%   
As of the 28th of March, Leggett Platt secures the Mean Deviation of 1.51, risk adjusted performance of (0.09), and Standard Deviation of 2.48. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Leggett Platt rporated, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Leggett Platt, which can be compared to its peers in the industry. Please verify Leggett Platt rporated information ratio, as well as the relationship between the value at risk and kurtosis to decide if Leggett Platt Incorporated is priced some-what accurately, providing market reflects its recent price of 18.96 per share. Given that Leggett Platt rporated has information ratio of (0.24), we recommend you to check Leggett Platt's last-minute market performance to make sure the company can sustain itself at a future point.

Leggett Platt Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Leggett, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Leggett
  
Leggett Platt's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Leggett Platt Analyst Consensus

Target PriceAdvice# of Analysts
24.67Hold4Odds
Leggett Platt Incorporated current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Leggett analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Leggett stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Leggett Platt rporated, talking to its executives and customers, or listening to Leggett conference calls.
Leggett Analyst Advice Details
Leggett Platt technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Leggett Platt technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Leggett Platt trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Leggett Platt rporated Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Leggett Platt rporated volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Leggett Platt rporated Trend Analysis

Use this graph to draw trend lines for Leggett Platt Incorporated. You can use it to identify possible trend reversals for Leggett Platt as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Leggett Platt price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Leggett Platt Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Leggett Platt Incorporated applied against its price change over selected period. The best fit line has a slop of   0.12  , which may imply that the returns on investment in Leggett Platt Incorporated will continue to fail. It has 122 observation points and a regression sum of squares at 543.04, which is the sum of squared deviations for the predicted Leggett Platt price change compared to its average price change.

About Leggett Platt Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Leggett Platt Incorporated on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Leggett Platt Incorporated based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Leggett Platt rporated price pattern first instead of the macroeconomic environment surrounding Leggett Platt rporated. By analyzing Leggett Platt's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Leggett Platt's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Leggett Platt specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.03890.05230.06710.0705
Price To Sales Ratio1.110.850.750.82

Leggett Platt March 28, 2024 Technical Indicators

Most technical analysis of Leggett help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Leggett from various momentum indicators to cycle indicators. When you analyze Leggett charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Leggett Platt March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Leggett stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Leggett Platt rporated is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Leggett Platt Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Leggett Platt rporated information on this page should be used as a complementary analysis to other Leggett Platt's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for Leggett Stock analysis

When running Leggett Platt's price analysis, check to measure Leggett Platt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Leggett Platt is operating at the current time. Most of Leggett Platt's value examination focuses on studying past and present price action to predict the probability of Leggett Platt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leggett Platt's price. Additionally, you may evaluate how the addition of Leggett Platt to your portfolios can decrease your overall portfolio volatility.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Equity Valuation
Check real value of public entities based on technical and fundamental data
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Fundamental Analysis
View fundamental data based on most recent published financial statements
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Is Leggett Platt's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Leggett Platt. If investors know Leggett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Leggett Platt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.26)
Dividend Share
1.82
Earnings Share
(1.00)
Revenue Per Share
34.668
Quarterly Revenue Growth
(0.07)
The market value of Leggett Platt rporated is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.