Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE -0.61%
PRICE $40.85
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Request Prediction
0.00%
Predict

Steven Madden Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Hold candidate since 2017-10-17 Loss -0.73%

Steven Madden fell by -0.61% in the last day from $41.10 to $40.85 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -4.11% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -82 104 shares and in total 255 298 shares bought and sold for approximately $10.43 million.

Trend

Steven Madden is the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $40.62 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Steven Madden with 90% probability to be traded between $41.37 and $44.53 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

A buy signal was issued from a pivot bottom point on Thursday October 12, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Steven Madden 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 $41.02 and $42.11. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Support & Resistance

Steven Madden finds support from accumulated volume at $40.75. On the upside the stock meets some resistance just above today's level from accumulated volume at $41.80, $42.40 and $42.60.

The stock is about to test the resistance from accumulated volume at $41.80 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $40.75 Price: $40.85 Resistance: $41.80

Risk

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 $0.42 (1.03%) between high and low. For the last week, the stock has had a daily average volatility of 1.56%.

Steven Madden is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: $38.13 (-6.65%) (This stock has low daily movements and this gives low risk. Low RSI14 is 26 which reduces the risk some. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Steven Madden holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

Trade SHOO CFDs with Plus500

Your capital is at risk.

Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Help StockInvest improve by answering this short survey clicking HERE.

Build Your Watchlist

Add SHOO My Watchlist

Recommended
books of the week

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Sign up to get FREE access to awesome features

START FREE 5-DAY TRIAL
START FREE 5-DAY TRIAL