USA - NYSE:SKX - US8305661055 - Common Stock
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.
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. Another positive sign is the recent Pocket Pivot signal.
61.25
When analyzing the support we notice one important area.
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 | 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%. |
63.13
-0.07 (-0.11%)