STEVEN MADDEN LTD (SHOO) Stock Technical Analysis
USA - NASDAQ:SHOO - US5562691080 - Common Stock
34.15 USD
+0.92 (+2.77%)
34.15 USD
0 (0%)
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 30.12 - 34.95 range, which is quite wide. It is currently trading near the high of this range.
SHOO has an average volume of 1648530 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 48 other stocks in this industry, SHOO did better than 55% 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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SHOO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 34.30. Right above this resistance zone may be a good entry point.
More info and screens
22.79
34.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 32.99 to 33.22. 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 25.93 to 26.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.23 from a trend line in the daily time frame.
- Support @23.02 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.30 to 34.44. 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 | 48.11 | 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) | 64.87 | NEUTRAL | The RSI value for SHOO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests SHOO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.34 | NEUTRAL | The Stochastics value for SHOO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SHOO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.52 | POSITIVE | The high ADX value value for SHOO suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 34.45 | 32.98 | 1.47 (4.27%) | 23.44% |
| An entry @34.45. This is a Buy Stop order right above the resistance zone. | An exit @32.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.47 points, which is 4.27%. | For a 1.00% total portfolio risk, you can invest 23.44% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SHOO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
34.15
+0.92 (+2.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg2.77%
1 Week-0.41%
2 Weeks4.05%
1 Month11.97%
3 Month33.84%
6 Month64.18%
12 Month-28.68%
2 Year4.15%
3 Year14.33%
5 Year42.23%
10 Year46.99%
15 Year172.47%
Volatility
ATR(14)1.04
ATR(20)%3.33%
ATR Inc6.54%
Range Today1.15
ADR(20)1.1
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.11
Mansfield-0.59
10 Day High34.95
10 Day Low31.74
20 Day High34.95
20 Day Low30.12
52 Week High49.12
52 Week Low19.05
CS1 End33.22
CR1 Start34.3
Volume & EV
DER(3)0.41%
DER(5)1.51%
Volume857.70K
Volume Incr-40.33%
Vol(5)1.05M
Vol(50)1.65M