SKECHERS USA INC-CL A (SKX) 39.75 -0.35 (-0.87%)
39.75 -0.35 (-0.87%)
US8305661055 - Common Stock - After market: 39.75 0 (0%)
Technical Rating
We assign a technical rating of 8 out of 10 to SKX. Although SKX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Statistics
Support/Resistance Analysis
31.40
- Support @39.08 from a horizontal line in the daily time frame.
- Support @31.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 39.79 to 40.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.52 from a horizontal line in the daily time frame.
- Resistance @42.50 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
SKX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 40.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SKX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Possible Trading Setup
Given the decent technical rating and the setup score, we can suggest the following trade.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.26 | 39.78 | 0.48 (1.19%) | 25.00% |
| An entry @40.26. This is a Buy Stop order right above the resistance zone. | An exit @39.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.48 points, which is 1.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- The distance between exit and entry is rather small compared to the average daily movement of SKX. 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.
SKECHERS USA INC-CL A39.75
NYSE:SKX (11/28/2022, 3:10:04 PM)-0.35 (-0.87%)
| GICS Sector | Consumer Discretionary | ||
| GICS Industry | Textiles, Apparel & Luxury Goods | ||
| Today | -0.87% | 1 Week | 0.53% |
| 2 Weeks | 6.23% | 1 Month | 22.86% |
| 3 Month | 4.1% | 6 Month | 2.19% |
| ATR(14) | 1.28 | ATR(20)% | 3.37% |
| ATR Inc | -57.86% | Range Today | 0.82 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 62.53 | Mansfield | 0.52 |
| 10 Day High | 41.3 | 10 Day Low | 38.02 |
| 20 Day High | 41.3 | 20 Day Low | 32.16 |
| 52 Week High | 49.89 | 52 Week Low | 31.28 |
| CS1 End | 40.09 | CR1 Start | 40.11 |
| DER(3) | 3.7% | DER(5) | 2.94% |
| Volume | 1.38M | Volume Incr | -57.39% |
| Vol(5) | 985.64K | Vol(50) | 1.84M |
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