DECKERS OUTDOOR CORP (DECK)       426.51  +5.49 (+1.3%)

426.51  +5.49 (+1.3%)

US2435371073 - Common Stock - After market: 426.51 0 (0%)

Technical Rating

9

Taking everything into account, DECK scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DECK is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that DECK is one of the better performing stocks in the market, outperforming 93% of all stocks.
DECK is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 95% of 48 stocks in the same industry.
A new 52 week high is currently being made by DECK, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so DECK is leading the market.
In the last month DECK has a been trading in the 382.56 - 428.21 range, which is quite wide. It is currently trading near the high of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 9.03% 23.50% 36.17% 39.83% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 93.66 212.93 - 428.215
DECK Weekly chart
DECK Daily chart

Support/Resistance Analysis


243.10

430.79
5 important support areas can be observed.
  • A support zone ranging from 399.87 to 401.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 369.50 to 369.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @363.04 from a horizontal line in the daily time frame.
  • Support @317.32 from a horizontal line in the daily time frame.
  • Support @245.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 426.52 to 426.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Besides having an excellent technical rating, DECK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 426.52. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
426.53411.0615.47 (3.63%)25.00%
An entry @426.53. This is a Buy Stop order right above the resistance zone.An exit @411.06. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 15.47 points, which is 3.63%.For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
DECK Daily chart

DECKERS OUTDOOR CORP426.51

NYSE:DECK (1/27/2023, 7:04:00 PM)+5.49 (+1.3%)

After market: 426.51 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Textiles, Apparel & Luxury Goods

Performance
Today 1.3% 1 Week 2.04%
2 Weeks 2.35% 1 Month 9.03%
3 Month 23.5% 6 Month 36.17%

Volatility
ATR(14) 9.53 ATR(20)% 2.36%
ATR Inc 5.48% Range Today 8.69

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 93.66 Mansfield 3.33
10 Day High 428.22 10 Day Low 411.07
20 Day High 428.22 20 Day Low 382.56
52 Week High 428.22 52 Week Low 212.93
CS1 End 401.45 CR1 Start 426.52

Volume & EV
DER(3) 0.93% DER(5) -0.95%
Volume 514.70K Volume Incr 11.83%
Vol(5) 354.92K Vol(50) 361.44K

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