STEVEN MADDEN LTD (SHOO) Technical Analysis
NASDAQ:SHOO • US5562691080
Current stock price
38.58 USD
+0.62 (+1.63%)
At close:
38.58 USD
0 (0%)
After Hours:
SHOO Technical Rating and Analysis
Overall SHOO gets a technical rating of 9 out of 10. SHOO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHOO is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by SHOO over the past year are nicely spread over this period.
- SHOO is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. SHOO outperforms 70% of them.
- SHOO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- SHOO has an average volume of 1319400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
SHOO Weekly and Daily overview Charts
SHOO 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.
More info and screens
SHOO Support and Resistance Analysis
31.93
46.04
3 important support areas can be observed.
- Support @37.95 from a horizontal line in the daily time frame.
- Support @34.59 from a trend line in the daily time frame.
- A support zone ranging from 32.25 to 32.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.72 to 39.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.82 from a trend line in the weekly time frame.
- Resistance @45.58 from a horizontal line in the weekly time frame.
SHOO 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 | 85.61 | POSITIVE | SHOO has a high relative strength, it outperformed 85.61% off all stocks 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) | DOWN | MIXED | The current price of SHOO is above 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) | 58.84 | NEUTRAL | The RSI value for SHOO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SHOO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.73 | NEUTRAL | The Stochastics value for SHOO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.89 | NEUTRAL | The ADX value for SHOO suggests a possible start of a new trend. |
SHOO Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
SHOO Technicals: Chart, Performance Metrics, Trend & Indicators
38.58
+0.62 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.63%
1 Week-3.07%
2 Weeks1.63%
1 Month16.2%
3 Month-15.19%
6 Month8.28%
12 Month85.48%
2 Year-4.53%
3 Year10.1%
5 Year-5.14%
10 Year65.3%
15 Year144.98%
Volatility
ATR(14)1.38
ATR(20)%3.61%
ATR Inc47.46%
Range Today2.25
ADR(20)1.25
ADR(20)%3.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.61
3 months CRS19.42
6 months CRS71.07
Mansfield0.65
10 Day High40.38
10 Day Low37.28
20 Day High40.38
20 Day Low31.95
52 Week High46.88
52 Week Low19.75
CS1 End37.95
CR1 Start38.72
Volume & EV
DER(3)5.27%
DER(5)3.08%
Volume1.11M
Volume Incr-3.86%
Vol(5)1.06M
Vol(50)1.32M
STEVEN MADDEN LTD / SHOO TA FAQ
What is the technical rating for SHOO stock?
ChartMill assigns a technical rating of 9 / 10 to SHOO.
What is the trend direction for SHOO stock?
The current trend direction for STEVEN MADDEN LTD (SHOO) is Bullish.
What is the RSI signal for SHOO stock?
STEVEN MADDEN LTD (SHOO) has an RSI value of 58.8356. This indicates that the stock is currently neutral.
Can you provide the short term momentum for STEVEN MADDEN LTD?
The short term momentum for STEVEN MADDEN LTD (SHOO) is positive.
Can you provide the buy/sell signal for STEVEN MADDEN LTD?
The buy/sell signal for STEVEN MADDEN LTD (SHOO) is buy as both the short term and long term trends are positive.