STEVEN MADDEN LTD. - Daily - Technical analysis published on 12/02/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 39.03 USD
My targets
42.29 USD (+0.62%)
44.28 USD (+5.35%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STEVEN MADDEN LTD.. As long as you are above the support located at 39.03 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 42.29 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 44.28 USD as an objective. If the support 39.03 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STEVEN MADDEN LTD. rating is 42.03 USD. The price registered a decrease of -1.04% on the session and was traded between 41.92 USD and 42.74 USD over the period. The price is currently at +0.26% from its lowest and -1.66% from its highest.41.92
42.74
42.03
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STEVEN MADDEN LTD.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of STEVEN MADDEN LTD. indicates that the overall trend is bullish. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 32.12 | 34.46 | 39.03 | 42.03 | 42.29 | 44.28 |
| Change (%) | -23.58% | -18.01% | -7.14% | - | +0.62% | +5.35% |
| Change | -9.91 | -7.57 | -3.00 | - | +0.26 | +2.25 |
| Level | Intermediate | Major | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.79 | 42.12 | 42.30 | 42.63 | 42.80 | 43.13 | 43.31 |
| Camarilla | 42.33 | 42.38 | 42.42 | 42.47 | 42.52 | 42.56 | 42.61 |
| Woodie | 41.71 | 42.08 | 42.22 | 42.59 | 42.72 | 43.09 | 43.23 |
| Fibonacci | 42.12 | 42.31 | 42.43 | 42.63 | 42.82 | 42.94 | 43.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.88 | 41.66 | 42.07 | 42.85 | 43.26 | 44.04 | 44.45 |
| Camarilla | 42.14 | 42.25 | 42.36 | 42.47 | 42.58 | 42.69 | 42.80 |
| Woodie | 40.69 | 41.57 | 41.88 | 42.76 | 43.07 | 43.95 | 44.26 |
| Fibonacci | 41.66 | 42.12 | 42.40 | 42.85 | 43.31 | 43.59 | 44.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.00 | 39.03 | 40.75 | 42.77 | 44.49 | 46.52 | 48.24 |
| Camarilla | 41.44 | 41.78 | 42.13 | 42.47 | 42.81 | 43.16 | 43.50 |
| Woodie | 36.85 | 38.95 | 40.60 | 42.70 | 44.34 | 46.44 | 48.09 |
| Fibonacci | 39.03 | 40.46 | 41.34 | 42.77 | 44.20 | 45.09 | 46.52 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.21 | |
| MACD (12,26,9): | 1.0300 | |
| Directional Movement: | 7.61 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 43.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 44.02 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 41.57 | |
| Zig ZAG (10): | 42.04 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 15.47 | |
| TEMA (21): | 43.38 | |
| Williams %R (14): | -96.17 | |
| Chande Momentum Oscillator (20): | -1.46 | |
| Repulse (5,40,3): | -3.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.5500 | |
| Courbe Coppock: | 0.57 |
| MA7: | 42.68 | |
| MA20: | 43.03 | |
| MA50: | 38.89 | |
| MA100: | 35.77 | |
| MAexp7: | 42.70 | |
| MAexp20: | 42.20 | |
| MAexp50: | 39.68 | |
| MAexp100: | 37.21 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | -2.32% | |
| Price / MA50: | +8.07% | |
| Price / MA100: | +17.50% | |
| Price / MAexp7: | -1.57% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | +5.92% | |
| Price / MAexp100: | +12.95% |
News
The last news published on STEVEN MADDEN LTD. at the time of the generation of this analysis was as follows:
- Report: Developing Opportunities within Parker Drilling, CoreLogic, Steven Madden, Diebold Nixdorf, Nevro, and PDL BioPharma — Future Expectations, Projections Moving into 2018
-
Steven Madden
This member declared not having a position on this financial instrument or a related financial instrument.
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