Skechers USA (SKX) Stock Technical Analysis
USA - NYSE:SKX - US8305661055 - Common Stock
63.13 USD
-0.07 (-0.11%)
63.1701 USD
+0.04 (+0.06%)
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.
76% of all other stocks performed better in the past year than SKX.
The long and short term trends are both positive. This is looking good!
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 48% of 48 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. Another positive sign is the recent Pocket Pivot signal.
- 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
64.00
When analyzing the support we notice one important 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. |
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 |
|---|---|---|---|
| 63.19 | 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.11%
1 Week-0.16%
2 Weeks0.14%
1 Month0.17%
3 Month1.06%
6 Month11.71%
12 Month-6.2%
2 Year28.97%
3 Year99.02%
5 Year108.9%
10 Year41.25%
15 Year706.26%
Volatility
ATR(14)0.1
ATR(20)%0.18%
ATR Inc49.47%
Range Today0.24
ADR(20)0.12
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.76
Mansfield-0.78
10 Day High63.37
10 Day Low63
20 Day High63.37
20 Day Low62.85
52 Week High78.85
52 Week Low44.5
CS1 End63.11
CR1 Start63.18
Volume & EV
DER(3)-3.1%
DER(5)-2.9%
Volume41.11M
Volume Incr258.52%
Vol(5)10.08M
Vol(50)3.56M