Fri 20'th Jul 2018
Steven Madden Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||6.18% ( 2018-06-29 )|
Steven Madden fell by -1.96% in the last day from $56.25 to $55.15 The price has risen in 6 of the last 10 days and is up by 2.6% over the past 2 weeks. Volume has increased in the last day by 66 777 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, 436 051 shares bought and sold for approximately $24.05 million.
Steven Madden lies in the middle of a wide and strong 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 14.12% during the next 3 months and, with 90% probability hold a price between $60.18 and $66.80 at the end of this period.
Steven Madden holds buy signals from both short- and long-term moving averages. In addition, 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 $54.03 and $53.89. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 19, 2018, 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 61 and the stock is currently not being overbought or oversold
Support & Resistance
Steven Madden finds support from accumulated volume at $53.90.
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 $1.16 (2.11%) between high and low. For the last week, the stock has had a daily average volatility of 2.81%.
Our recommended stoploss: $53.09 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
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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 this stock to perform well in the short-term.Click for Top 5 Buy Candidates
|SHOO $55.15 $-1.10(-1.96%)|
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