Steven Madden Stock Forecast
Steven Madden stock price up 0.412% on Tuesday
(Updated on Jun 18, 2024)
The Steven Madden stock price gained 0.412% on the last trading day (Tuesday, 18th Jun 2024), rising from $43.68 to $43.86. During the last trading day the stock fluctuated 1.36% from a day low at $43.45 to a day high of $44.04. The price has fallen in 6 of the last 10 days and is down by -0.54% for this period. Volume fell on the last day by -45 thousand shares and in total, 438 thousand shares were bought and sold for approximately $19.20 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between $45.10 and $50.16 at the end of this 3-month period.
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SHOO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Steven Madden stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $43.64 and $42.51. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Steven Madden stock
On the downside, the stock finds support just below today's level from accumulated volume at $40.76 and $40.41. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Steven Madden finds support just below today's level at $40.76. If this is broken, then the next support from accumulated volume will be at $40.41 and $39.42.
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 $0.590 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: $41.76 (-4.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (SHOO) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Steven Madden to open at $43.78, and during the day (based on 14 day Average True Range), to move between $42.87 and $44.85, which gives a possible trading interval of +/-$0.99 (+/-2.27%) up or down from last closing price. If Steven Madden takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.10 (0.55%) than the support at $40.76 (7.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Steven Madden stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Steven Madden stock to perform well in the short-term.
Current score: 2.164 Buy Candidate Unchanged
Predicted Opening Price for Steven Madden of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $43.78 ( 0.175%) | $43.86 |
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 | |
|---|---|---|
| R3 | 44.37 | 1.17% |
| R2 | 44.15 | 0.657% |
| R1 | 44.01 | 0.339% |
| Price | 43.86 | |
| S1 | 43.56 | -0.689% |
| S2 | 43.42 | -1.01% |
| S3 | 43.19 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.70 | 1.92% |
| R2 | 44.45 | 1.35% |
| R1 | 44.10 | 0.547% |
| Price | 43.86 | |
| S1 | 40.76 | -7.07% |
| S2 | 40.41 | -7.87% |
| S3 | 39.42 | -10.12% |
SHOO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 21, 2024 | $0.210 | 0.479% |
| 2 | May 01, 2024 | Jun 07, 2024 | Jun 21, 2024 | $0.210 | 0.479% |
| 3 | Feb 28, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.210 | 0.510% |
| 4 | Dec 14, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.210 | 0.500% |
| 5 | Aug 07, 2023 | Sep 14, 2023 | Sep 25, 2023 | $0.210 | 0.675% |
FAQ
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