STEVEN MADDEN LTD (SHOO)       34.26  -0.22 (-0.64%)

34.26  -0.22 (-0.64%)

US5562691080 - Common Stock - After market: 34.26 0 (0%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to SHOO. Although SHOO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



Both the short term and long term trends are positive. This is a very positive sign.
SHOO is part of the Textiles, Apparel & Luxury Goods industry. There are 49 other stocks in this industry. SHOO outperforms 73% of them.
In the last month SHOO has a been trading in the 29.63 - 35.29 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, SHOO turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
SHOO is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 11.05% 12.03% -4.83% -29.35% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 52.88 26.36 - 49.845
SHOO Weekly chart
SHOO Daily chart

Support/Resistance Analysis


28.89

35.61
When analyzing the support we can see 2 important areas.
  • Support @31.50 from a trend line in the daily time frame.
  • Support @29.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 35.06 to 35.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, SHOO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 35.06. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
35.2733.192.08 (5.90%)16.96%
An entry @35.27. This is a Buy Stop order right above the resistance zone.An exit @33.19. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.08 points, which is 5.90%.When investing 16.96% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
SHOO Daily chart

STEVEN MADDEN LTD34.26

NASDAQ:SHOO (12/6/2022, 7:03:21 PM)-0.22 (-0.64%)

After market: 34.26 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Textiles, Apparel & Luxury Goods
Performance
Today -0.64% 1 Week 1.96%
2 Weeks 1.87% 1 Month 11.05%
3 Month 12.03% 6 Month -4.83%
Volatility
ATR(14) 1.01 ATR(20)% 3.3%
ATR Inc -15.27% Range Today 0.91
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 52.88 Mansfield 0
10 Day High 35.29 10 Day Low 33.2
20 Day High 35.29 20 Day Low 29.63
52 Week High 49.85 52 Week Low 26.36
CS1 End 31.5 CR1 Start 35.06
Volume & EV
DER(3) -0.23% DER(5) 1.06%
Volume 707.10K Volume Incr -22.63%
Vol(5) 738.34K Vol(50) 868.58K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA