NYSE:SKX - New York Stock Exchange, Inc. - US8305661055 - Common Stock - Currency: USD
Taking everything into account, SKX scores 6 out of 10 in our technical rating. SKX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
SKX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 62.45, a Stop Loss order could be placed below this zone.
46.91
We found 2 important support areas.
When analyzing the resistance we notice one important area.
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 | 37.58 | NEUTRAL | SKX is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SKX is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 66.93 | NEUTRAL | The RSI value for SKX is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests SKX has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 60.78 | NEUTRAL | The Stochastics value for SKX is a neutral value. |
Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for SKX suggests low volalility. |
Average Directional Index/ADX (14) | 41.4 | POSITIVE | The high ADX value value for SKX suggests a strong trend. |
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 |
---|---|---|---|
62.72 | 62.06 | 0.66 (1.05%) | 25.00% |
An entry @62.72. This is a Buy Stop order right above the resistance zone. | An exit @62.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.66 points, which is 1.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.26%. |
62.5
+0.06 (+0.1%)