Steven Madden Stock Forecast
Steven Madden stock price up 0.0512% on Monday
(Updated on Apr 15, 2024)
The Steven Madden stock price gained 0.0512% on the last trading day (Monday, 15th Apr 2024), rising from $39.09 to $39.11. During the last trading day the stock fluctuated 1.91% from a day low at $38.76 to a day high of $39.50. The price has fallen in 7 of the last 10 days and is down by -7.8% for this period. Volume fell on the last day by -25 thousand shares and in total, 528 thousand shares were bought and sold for approximately $20.64 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.05 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.79% during the next 3 months and, with a 90% probability hold a price between $37.18 and $41.10 at the end of this 3-month period.
SHOO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.0512%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Steven Madden stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $39.93 and $41.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Steven Madden stock
Steven Madden finds support from accumulated volume at $39.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.740 (1.91%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHOO) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Steven Madden to open at $39.12, and during the day (based on 14 day Average True Range), to move between $38.15 and $40.07, which gives a possible trading interval of +/-$0.96 (+/-2.46%) up or down from last closing price. If Steven Madden takes out the full calculated possible swing range there will be an estimated 4.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $39.09 (0.05%) than the resistance at $41.63 (6.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Steven Madden stock A Buy?
Steven Madden holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.146 Sell Candidate Unchanged
Predicted Opening Price for Steven Madden of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $39.12 ( 0.0341%) | $39.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHOO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.86 | 1.93 % | |
| R2 | 39.58 | 1.20 % | ||
| R1 | 39.41 | 0.757 % | ||
| Current price: | 39.11 | |||
| Support | S1 | 38.84 | -0.689 % | |
| S2 | 38.67 | -1.14 % | ||
| S3 | 38.38 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.68 | 11.68 % | |
| R2 | 43.63 | 11.56 % | ||
| R1 | 41.63 | 6.44 % | ||
| Current price | 39.11 | |||
| Support | S1 | 39.09 | -0.0511% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SHOO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.210 | 0.510% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.210 | 0.500% |
| 3 | Aug 07, 2023 | Sep 14, 2023 | Sep 25, 2023 | $0.210 | 0.675% |
| 4 | Aug 07, 2023 | Jun 09, 2023 | Jun 23, 2023 | $0.210 | 0.680% |
| 5 | May 27, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.210 | 0.601% |
FAQ
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