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Hold/Accumulate
Buy Score Rank #1836 out of #5176
Fri 18'th Aug 2017

PERIOD COVERED
2017-05-19 - 2017-08-18
CHANGE
-1.32%
PRICE
$41.05
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

BOLLINGER
Sell
Request Prediction
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Steven Madden Stock Analysis

Technical stock analysis for Fri 18'th Aug 2017

Hold candidate since 2017-08-16 Loss -3.30%

Steven Madden fell by -1.32% in the last day from $41.60 to $41.05 and has now fallen 5 days in a row. The price has been going up and down for this period, and there has been a -0.24% loss for the last 2 weeks. 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 -49 519 shares and in total 487 846 shares bought and sold for approximately $20.03 million.

Trend

Steven Madden lies in the middle of a 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 11.46% during the next 3 months and, with 90% probability hold a price between $44.82 and $48.41 at the end of this period.

Signals

Steven Madden holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $42.33. On a fall, the stock will find some support from the long-term average at approximately $40.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Monday August 14, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Thursday July 13, 2017 for the short-term and also have Golden Star Signal for the mediumterm dated Monday October 03, 2016.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Support & Resistance

Steven Madden finds support from accumulated volume at $39.25. On the upside the stock meets some resistance just above today's level from accumulated volume at $41.15, $41.80 and $42.60.

The stock is about to test the resistance from accumulated volume at $41.15 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $39.25 Price: $41.05 Resistance: $41.15
S: $39.25 Price: $41.05 R: $41.15

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 $0.58 (1.42%) between high and low. For the last week, the stock has had a daily average volatility of 1.88%.

Our recommended stoploss: $38.66 (-5.83%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Steven Madden 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.

Hold/Accumulate

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