Skechers USA (SKX) Technical Analysis
NYSE:SKX • US8305661055
Current stock price
SKX Technical Rating and Analysis
Overall SKX gets a technical rating of 6 out of 10. Although SKX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 76% of all other stocks performed better in the past year than SKX.
- The long and short term trends are both positive. This is looking good!
- SKX has an average volume of 3563220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SKX is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, SKX did better than 40% of them.
- SKX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKX is lagging the market slightly.
- In the last month SKX has a been trading in a tight range between 62.85 and 63.37.
- Volume is considerably higher in the last couple of days.
SKX Weekly and Daily overview Charts
SKX Setup Rating and Analysis
Although the technical rating is only medium, SKX does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 63.11, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
SKX Support and Resistance Analysis
61.25
We found 1 important support area.
- A support zone ranging from 61.87 to 63.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.18 to 63.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SKX 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 SKX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKX is up. |
| ChartMill Relative Strength | 24.76 | NEGATIVE | SKX has a low relative strength, it was outperformed by 75.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SKX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.42 | NEUTRAL | The RSI value for SKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SKX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.47 | NEUTRAL | The Stochastics value for SKX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for SKX suggests low volalility. |
| Average Directional Index/ADX (14) | 21.9 | NEUTRAL | The ADX value for SKX suggests a possible start of a new trend. |
SKX Chart- and CandleStick Pattern Analysis
SKX Example Setup
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 |
|---|---|---|---|
| 63.19 | 62.99 | 0.20 (0.31%) | 25.00% |
| An entry @63.19. This is a Buy Stop order right above the 10 day moving average. | An exit @62.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.20 points, which is 0.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
- 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.
SKX Technicals: Chart, Performance Metrics, Trend & Indicators
63.13
-0.07 (-0.11%)
Skechers USA / SKX TA FAQ
What is the ChartMill technical rating of Skechers USA (SKX) stock?
ChartMill assigns a technical rating of 6 / 10 to SKX.
Can you provide the trend direction for Skechers USA?
The current trend direction for Skechers USA (SKX) is Bullish.
What is the RSI signal for Skechers USA (SKX) stock?
Skechers USA (SKX) has an RSI value of 53.4182. This indicates that the stock is currently neutral.
What is the MACD signal for SKX stock?
The MACD indicator for Skechers USA (SKX) has a value of 0.00431466, indicating a bearish trend.
What are the support and resistance levels for Skechers USA (SKX) stock?
Skechers USA (SKX) has a support level at 63.11 and a resistance level at 63.18. Check the full technical report for our detailed analysis of SKX support and resistance levels.