SHOO Technical Analysis - STEVEN MADDEN LTD

Technical Rating and Analysis

Taking everything into account, SHOO scores 8 out of 10 in our technical rating. 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.

In the last month SHOO has a been trading in the 26.05 - 33.20 range, which is quite wide. It is currently trading near the high of this range.

SHOO has an average volume of 1569250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, SHOO outperforms 48% of them, which is more or less in line with the market.

SHOO is part of the Textiles, Apparel & Luxury Goods industry. There are 49 other stocks in this industry, SHOO did better than 56% 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.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STEVEN MADDEN LTD / SHOO Weekly stock chart

STEVEN MADDEN LTD / SHOO Daily stock chart

Setup Rating and Analysis

Although SHOO has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.79

32.81

3 important support areas can be observed.

A support zone ranging from 25.21 to 25.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @23.99 from a horizontal line in the daily time frame.
Support @23.02 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for SHOO is up.
ChartMill Relative Strength	48.98	NEUTRAL	SHOO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SHOO is above the rising 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)	72.8	OVERBOUGHT	The high RSI value suggests SHOO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests SHOO has a positive trend.
Stochastics (14,3)	85.99	OVERBOUGHT	The high Stochastics value suggests SHOO may be overbought.
Average True Range in percent/ATR (20)	3.39	MEDIUM VOLATILITY	The ATR as a percentage value for SHOO suggests some volalility.
Average Directional Index/ADX (14)	31.63	POSITIVE	The high ADX value value for SHOO suggests a strong trend.