Deckers Outdoor Corp Forecast and Stock Analysis
Technical DECK stock analysis for March 22, 2019.
|Shorts||5.10% ( 2019-02-28 )|
Deckers Outdoor Corp fell by -3.90% in the last day from $146.21 to $140.51 The price has risen in 6 of the last 10 days , but is still down by -0.35% for this period. Volume has increased in the last day by 86 555 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 382 578 shares bought and sold for approximately $53.76 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DECK stock was $140.51. This is 3.9% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 4.42% from a day low at $139.90 to a day high of $146.09.
30 day high of the DECK stock price was $153.30 and low was $139.51.
90 day high was $153.30 and low was $110.87.
52 week high for the Deckers Outdoor Corp - $153.30 and low - $85.81.
Deckers Outdoor Corp lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $137.28 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.04% during the next 3 months and, with 90% probability hold a price between $168.91 and $197.00 at the end of this period.
There are few to none technical positive signals at the moment. Deckers Outdoor Corp holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $143.70 and $143.75. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $130.63 and $121.79.
There is 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, Deckers Outdoor Corp finds support just below today's level at $130.63. If this is broken, then the next support from accumulated volume will be at $121.79 and $113.61.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $6.19 (4.42%) between high and low. For the last week, the stock has had a daily average volatility of 2.85%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Deckers Outdoor Corp stock holds several negative signals and despite the positive trend we believe Deckers Outdoor Corp will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.