STEVEN MADDEN LTD (SHOO) Stock Technical Analysis
NASDAQ:SHOO - Nasdaq - US5562691080 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to SHOO. In the past year, SHOO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
89% of all other stocks performed better in the past year than SHOO.
SHOO is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry, of which 76% are performing better than SHOO.
SHOO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SHOO has a been trading in the 22.73 - 26.57 range, which is quite wide. It is currently trading near the high of this range.
SHOO has an average volume of 1649550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SHOO has an average technical rating and it also does not offer a high 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
22.79
28.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.02 to 24.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.02 to 23.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @26.75 from a horizontal line in the daily time frame.
- Resistance @27.78 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for SHOO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHOO is up. |
| ChartMill Relative Strength | 11.24 | NEGATIVE | SHOO has a low relative strength, it was outperformed by 88.76% 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) | UP | POSITIVE | The current price of SHOO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHOO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.17 | NEUTRAL | The RSI value for SHOO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests SHOO has a positive trend. |
| Stochastics (14,3) | 85.72 | OVERBOUGHT | The high Stochastics value suggests SHOO may be overbought. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.89 | NEGATIVE | The low ADX value for SHOO suggests a weak or negative trend. |
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)
25.98
-0.06 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.23%
1 Week9.02%
2 Weeks11.74%
1 Month5.31%
3 Month7.8%
6 Month-38.01%
12 Month-38.08%
2 Year-22.17%
3 Year-18.04%
5 Year22.66%
10 Year-6.5%
15 Year126.98%
Volatility
ATR(14)1
ATR(20)%3.89%
ATR Inc-1.5%
Range Today0.59
ADR(20)0.96
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.24
Mansfield-3.48
10 Day High26.34
10 Day Low22.73
20 Day High26.57
20 Day Low22.73
52 Week High50.01
52 Week Low19.05
CS1 End24.41
CR1 Start26.75
Volume & EV
DER(3)-1.51%
DER(5)-1.43%
Volume628.60K
Volume Incr43.81%
Vol(5)1.92M
Vol(50)1.65M