Steven Madden Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Steven Madden stock price ended at $42.03 on Tuesday, after gaining 1.08%.
(Updated on Jul 02, 2024)
The Steven Madden stock price gained 1.08% on the last trading day (Tuesday, 2nd Jul 2024), rising from $41.58 to $42.03. During the last trading day the stock fluctuated 1.65% from a day low at $41.53 to a day high of $42.21. The price has fallen in 7 of the last 10 days and is down by -3.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 139 thousand more shares were traded than the day before. In total, 802 thousand shares were bought and sold for approximately $33.72 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $41.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.56% during the next 3 months and, with a 90% probability hold a price between $46.47 and $52.03 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SHOO Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. 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 $42.75 and $43.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -7.24%. 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).
Support, Risk & Stop-loss for Steven Madden stock
Steven Madden finds support from accumulated volume at $40.76 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 $0.685 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.31%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Steven Madden to open at $41.92, and during the day (based on 14 day Average True Range), to move between $41.06 and $43.00, which gives a possible trading interval of +/-$0.97 (+/-2.31%) up or down from last closing price. If Steven Madden takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.30 (0.64%) than the support at $40.76 (3.02%), 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?
The Steven Madden stock holds several negative signals and despite the positive trend, we believe Steven Madden will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.540 Sell Candidate Unchanged
Predicted Opening Price for Steven Madden of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $41.92 ( 0.258%) | $42.03 |
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 | 42.61 | 1.37% |
| R2 | 42.34 | 0.749% |
| R1 | 42.18 | 0.365% |
| Price | 42.03 | |
| S1 | 41.66 | -0.88% |
| S2 | 41.50 | -1.26% |
| S3 | 41.24 | -1.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.57 | 3.66% |
| R2 | 43.53 | 3.57% |
| R1 | 42.30 | 0.642% |
| Price | 42.03 | |
| S1 | 40.76 | -3.02% |
| S2 | 40.41 | -3.85% |
| S3 | 39.42 | -6.21% |
SHOO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 21, 2024 | $0.210 | 0.482% |
| 2 | May 01, 2024 | Jun 07, 2024 | Jun 21, 2024 | $0.210 | 0.482% |
| 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
Click here for our free guide on how to buy Steven Madden Stock.
