Deckers Outdoor Corp Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||3.98% ( 2018-12-31 )|
Deckers Outdoor Corp gained 1.86% in the last trading day, rising from $118.87 to $121.08 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 8 of the last 10 days , but is still down by -3.21% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 160 672 more shares were traded than the day before. In total, 692 611 shares bought and sold for approximately $83.86 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the DECK stock was $121.08. This is 1.86% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 4.27% from a day low at $117.55 to a day high of $122.56.
30 day high of the DECK stock price was $132.23 and low was $110.87.
90 day high was $137.49 and low was $106.20.
52 week high for the Deckers Outdoor Corp - $137.49 and low - $84.30.
Deckers Outdoor Corp lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.00% during the next 3 months and, with 90% probability hold a price between $97.12 and $128.58 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday January 11, 2019, which indicates further gains until a new top pivot has been found. 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. Deckers Outdoor Corp holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $123.67. On a fall, the stock will find some support from the short-term average at $116.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Deckers Outdoor Corp finds support from accumulated volume at $115.69.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $5.02 between high and low, or 4.27%. For the last week, the stock has had a daily average volatility of 3.16%.
Since the Deckers Outdoor Corp has been rising for 7 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stoploss: $115.17 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
Very Low Low Medium High Very High
Deckers Outdoor Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|DECK $121.08 $2.21(1.86%)|
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