SKECHERS USA INC-CL A (SKX) Stock Technical Analysis
NYSE:SKX - US8305661055 - Common Stock
63.08 USD
0 (0%)
63.1 USD
+0.02 (+0.03%)
Overall SKX gets a technical rating of 6 out of 10. 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.
When comparing the yearly performance of all stocks, SKX is a bad performer in the overall market: 76% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
SKX has an average volume of 3302670 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 49 other stocks in this industry, SKX did better than 54% of them.
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 62.74 and 63.19.
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. There is a support zone below the current price at 63.06, a Stop Loss order could be placed below this zone.
More info and screens
61.25
64.00
We found 1 important support area.
- A support zone ranging from 61.87 to 63.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 63.31 to 63.37. This zone is formed by a combination of multiple trend lines 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 | 24.42 | NEGATIVE | SKX has a low relative strength, it was outperformed by 75.58% 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) | 56.27 | NEUTRAL | The RSI value for SKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SKX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.96 | OVERBOUGHT | The high Stochastics value suggests SKX may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for SKX suggests low volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for SKX suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 63.13 | 62.88 | 0.25 (0.40%) | 25.00% |
| An entry @63.13. This is a Buy Stop order right above the 10 day high. | An exit @62.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 0.40%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
63.08
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0%
1 Week0.13%
2 Weeks0.14%
1 Month0.13%
3 Month1.68%
6 Month3.43%
12 Month-7.89%
2 Year25.38%
3 Year66.88%
5 Year111.32%
10 Year34.46%
15 Year642.99%
Volatility
ATR(14)0.13
ATR(20)%0.21%
ATR Inc-45.06%
Range Today0.08
ADR(20)0.13
ADR(20)%0.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.42
Mansfield-0.81
10 Day High63.12
10 Day Low62.89
20 Day High63.19
20 Day Low62.74
52 Week High78.85
52 Week Low44.5
CS1 End63.06
CR1 Start63.31
Volume & EV
DER(3)2.82%
DER(5)1.23%
Volume3.58M
Volume Incr-21.76%
Vol(5)2.36M
Vol(50)3.30M