STEVEN MADDEN LTD (SHOO) Stock Technical Analysis
NASDAQ:SHOO • US5562691080
Overall SHOO gets a technical rating of 0 out of 10. SHOO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 67% of all other stocks performed better in the past year than SHOO.
- SHOO has an average volume of 1307050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SHOO is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, SHOO did better than 54% of them.
- SHOO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHOO is lagging the market.
- In the last month SHOO has a been trading in the 33.89 - 46.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of SHOO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.20
2 important support areas can be observed.
- Support @35.70 from a horizontal line in the weekly time frame.
- A support zone ranging from 34.55 to 34.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.38 to 45.58. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SHOO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SHOO is down. |
| ChartMill Relative Strength | 33.99 | 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) | DOWN | NEGATIVE | The current price of SHOO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHOO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.86 | NEUTRAL | The RSI value for SHOO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests SHOO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for SHOO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for SHOO suggests high volalility. |
| Average Directional Index/ADX (14) | 31.26 | POSITIVE | The high ADX value value for SHOO suggests a strong trend. |
38.61
+1.69 (+4.56%)
STEVEN MADDEN LTD / SHOO FAQ
What is the technical rating for SHOO stock?
ChartMill assigns a technical rating of 0 / 10 to SHOO.
What is the current trend direction of STEVEN MADDEN LTD (SHOO) stock?
The current trend direction for STEVEN MADDEN LTD (SHOO) is Bearish.
Can you provide the RSI signal for STEVEN MADDEN LTD?
STEVEN MADDEN LTD (SHOO) has an RSI value of 40.8617. This indicates that the stock is currently neutral.
What is the MACD signal for SHOO stock?
The MACD indicator for STEVEN MADDEN LTD (SHOO) has a value of -0.818388, indicating a bearish trend.