STEVEN MADDEN LTD (SHOO) Stock Technical Analysis
USA - NASDAQ:SHOO - US5562691080 - Common Stock
We assign a technical rating of 6 out of 10 to SHOO. In the last year, SHOO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
SHOO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 32.83, a Stop Loss order could be placed below this zone.
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26.63
2 important support areas can be observed.
- A support zone ranging from 32.79 to 32.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.90 to 27.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 35.34 to 35.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SHOO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHOO is neutral. |
| ChartMill Relative Strength | 51.14 | NEUTRAL | SHOO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHOO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHOO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SHOO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.95 | NEUTRAL | The RSI value for SHOO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests SHOO has a negative trend. |
| Stochastics (14,3) | 13.59 | OVERSOLD | The low Stochastics value suggests SHOO may be oversold. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for SHOO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.45 | 32.78 | 1.67 (4.85%) | 20.63% |
| An entry @34.45. This is a Buy Stop order right above the 10 day moving average. | An exit @32.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.67 points, which is 4.85%. | For a 1.00% total portfolio risk, you can invest 20.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SHOO. Please evaluate whether better entry and exit points can be found.
- 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.
32.84
+0.04 (+0.12%)
STEVEN MADDEN LTD / SHOO FAQ
What is the ChartMill technical rating of STEVEN MADDEN LTD (SHOO) stock?
ChartMill assigns a technical rating of 6 / 10 to SHOO.
Can you provide the trend direction for STEVEN MADDEN LTD?
The current trend direction for STEVEN MADDEN LTD (SHOO) is Bullish.
Can you provide the RSI signal for STEVEN MADDEN LTD?
STEVEN MADDEN LTD (SHOO) has an RSI value of 41.952. This indicates that the stock is currently neutral.
What is the support and resistance level for SHOO stock?
STEVEN MADDEN LTD (SHOO) has a support level at 32.83 and a resistance level at 35.34. Check the full technical report for our detailed analysis of SHOO support and resistance levels.