SKECHERS USA INC-CL A (SKX)

US8305661055 - Common Stock

59.78  +1.01 (+1.72%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to SKX. In the last year, SKX was one of the better performers, but we do observe some doubts in the very recent evolution.

Looking at the yearly performance, SKX did better than 82% of all other stocks. On top of that, SKX also shows a nice and consistent pattern of rising prices.
SKX is part of the Textiles, Apparel & Luxury Goods industry. There are 50 other stocks in this industry. SKX outperforms 73% of them.
SKX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SKX is lagging the market slightly.
SKX has an average volume of 1717080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month SKX has a been trading in the 56.58 - 64.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
SKX Weekly chart
SKX Daily chart
Setup Rating and Analysis

7

SKX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 57.03, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

47.23

65.48

We found 4 important support areas.

  • A support zone ranging from 58.88 to 59.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 57.03 to 57.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @50.47 from a trend line in the weekly time frame.
  • Support @47.71 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 63.81 to 64.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.93
Mansfield-0.11
10 Day High60.97
10 Day Low56.89
20 Day High64.01
20 Day Low56.58
52 Week High65.17
52 Week Low41.56
Performance
1 Week-0.49%
2 Weeks1.8%
1 Month-5.38%
3 Month4.93%
6 Month21.45%
12 Month33.93%
2 Year27.82%
3 Year60.57%
5 Year74.75%
10 Year422.71%
15 Year2663.48%
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)
Technical Indicators
MACD(12,26,9)-0.08
RSI(14)44.49
LBB55.76
UBB62.15
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.

ENTRYEXITDISTANCECAPITAL
60.0957.023.07 (5.11%)19.57%
An entry @60.09. This is a Buy Stop order right above the resistance zone.An exit @57.02. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 3.07 points, which is 5.11%.When investing 19.57% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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 Daily chart

SKECHERS USA INC-CL A

NYSE:SKX (2/22/2024, 9:11:06 AM)

59.78

+1.01 (+1.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.72%
1 Week-0.49%
2 Weeks1.8%
1 Month-5.38%
3 Month4.93%
6 Month21.45%
12 Month33.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.79
ATR(20)%2.71%
ATR Inc
Range Today0.55
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High60.97
10 Day Low56.89
20 Day High64.01
20 Day Low56.58
52 Week High65.17
52 Week Low41.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume296
Volume Incr-30.29%
Vol(5)1.52M
Vol(50)1.72M