Skechers USA (SKX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SKX • US8305661055
We assign a technical rating of 6 out of 10 to SKX. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SKX is a bad performer.
- 76% of all other stocks performed better in the past year than SKX.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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 an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 45% of 45 stocks in the same industry.
- SKX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SKX is lagging the market.
- 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.
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
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.
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. |
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.
63.13
-0.07 (-0.11%)
Skechers USA / SKX 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.