SHOO Technical Signal Analysis
SHOO have 2 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-02-18. The total price change during this trend is -32.87%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of SHOO over last 5 trading day is $44,278,727.00
2 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
1.35
Bullish
Moving Average
5-day SMA crosses above 20-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-4.63
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-2.21
Bearish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 > 80
94.71
Bearish
Moving Average
Price crosses below 5-day SMA
--
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Momentum (10 days)
MOM_10 > 0
1.35
Bullish
Moving Average
5-day SMA crosses above 20-day SMA
--
Bullish
SHOO Support and Resistance Level
The support levels for SHOO are at 25.01, 24.31, and 23.19, while the resistance levels are at 27.26, 27.96, and 29.09. With the current stock price at 26.65, it is leaning more toward the resistance levels.
SHOO Technical Analysis
Technical Analysis of SHOO Stock
Current Price and Trend:
The current price of SHOO is $25.03 as of the latest data. The stock has been experiencing a downward trend, with recent prices forming a series of lower highs and lower lows, indicating bearish momentum.
Technical Indicators:
- RSI (14-period): At 13.08, the stock is deeply oversold, suggesting a potential reversal or consolidation.
- MACD: The MACD line is below the signal line (-3.58), indicating bearish momentum, but the histogram shows a slight rise, hinting at weakening selling pressure.
- Stochastic Oscillator: Both %K (3.11) and %D (2.07) are in oversold territory, signaling a possible bounce.
Support and Resistance Levels:
- Fibonacci Support Levels:
- S1: $25.54
- S2: $23.61
- Fibonacci Resistance Levels:
- R1: $31.78
- R2: $33.70
The stock is approaching the S1 support level, which may act as a floor.
Volume Analysis:
The volume on the day of the price drop was 2,525,851, indicating significant interest and potential capitulation, which could lead to a reversal.
Conclusion and Recommendation:
Given the oversold conditions and proximity to the S1 support level, there is a potential for a short-term bounce.
Buy Recommendation:
Buy SHOO at the current price of $25.03, targeting the Fibonacci R1 level of $31.78 as a potential exit point.
SHOO FAQs
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Is SHOO a buy based on overall technical signals summary?
SHOO Buy or Sell
SHOO has 2 buy signals and 4 sell signals now. Overall the technical rating for SHOO is Sell.
Sell
Sell
4
Buy
2
SHOO Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 26.65 below the SMA_5. In the short term, the stock shows a positive trend with the 27.16 above the SMA_20. In the mid term, the stock shows a negative trend with the 27.11 below the SMA_60. In the long term, the stock shows a negative trend with the 35.45 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about SHOO's current trend?What are SHOO's key support and resistance levels?