Taking everything into account, SHOO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHOO is showing a nice and steady performance.
Although SHOO has an excellent technical rating, it 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
27.34
When analyzing the support we can see 4 important areas.
- Support @36.97 from a horizontal line in the daily time frame.
- A support zone ranging from 35.23 to 35.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.25 from a horizontal line in the daily time frame.
- A support zone ranging from 27.62 to 27.99. 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 | UP | POSITIVE | The short term trend for SHOO is up. |
| ChartMill Relative Strength | 84.22 | POSITIVE | SHOO has a high relative strength, it outperformed 84.22% 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) | UP | POSITIVE | The current price of SHOO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.42 | OVERBOUGHT | The high RSI value suggests SHOO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SHOO has a positive trend. |
| Stochastics (14,3) | 92.37 | OVERBOUGHT | The high Stochastics value suggests SHOO may be overbought. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.43 | NEUTRAL | The ADX value for SHOO suggests a possible start of a new trend. |
41.78
-0.1 (-0.24%)
STEVEN MADDEN LTD / SHOO FAQ
What is the ChartMill technical rating of STEVEN MADDEN LTD (SHOO) stock?
ChartMill assigns a technical rating of 9 / 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 74.4202. This indicates that the stock is currently overbought.
What is the buy/sell signal for SHOO stock?
The buy/sell signal for STEVEN MADDEN LTD (SHOO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for STEVEN MADDEN LTD?
STEVEN MADDEN LTD (SHOO) has a support level at 36.97. Check the full technical report for our detailed analysis of SHOO support and resistance levels.