Stock Price Prediction

Technical Analysis

SKX has shown a clear upward trend in recent trading sessions, with the stock closing at $60.20 on February 23rd. The stock has formed higher lows and higher highs, indicating bullish momentum.

News Sentiment & Fundamental Factors Recent news indicates SKX is attractively valued, trading at just 16x earnings despite showing strong growth. The company reported 13% year-over-year sales growth and 26% earnings growth in the latest quarter. However, there are concerns about potential U.S. tariffs on imports from China affecting near-term earnings, as SKX manufactures in China and Vietnam.

Options Market Signals Options data shows moderate implied volatility of 35-36%, suggesting balanced market expectations. The put/call ratio indicates slightly bullish sentiment with a 65% probability of puts expiring worthless at the $62.50 strike.

Price Prediction for Next Week Based on technical indicators and current momentum:

• Support levels: $59.47 (recent low)
• Resistance levels: $62.50 (key options strike)
• Target price range: $61.50-$63.80

Trading Recommendation BUY with an entry point at current levels ($60.20) with the following targets:

• Short-term target: $61.50
• Medium-term target: $63.80
• Stop loss: $59.00

The positive earnings growth trajectory and attractive valuation provide fundamental support for further upside, despite near-term tariff concerns. The technical setup shows strong momentum that could push the stock higher in the coming week.