SKECHERS U.S.A. INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
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Type:	Stocks
Ticker:	SKX
ISIN:

SKECHERS U.S.A. INC. - Daily - Technical analysis published on 12/11/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 39.70 USD

My targets

42.45 USD (+4.94%)

46.16 USD (+14.11%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SKECHERS U.S.A. INC. as long as the price remains well above 39.70 USD. The buyers” bullish objective is set at 42.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 46.16 USD. If there is any crossing, the next objective would be the resistance located at 53.43 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

FORCE

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SKECHERS U.S.A. INC. price is 40.45 USD. The price registered a decrease of -0.25% on the session and was between 40.22 USD and 41.21 USD. This implies that the price is at +0.57% from its lowest and at -1.84% from its highest.

40.22

41.21

40.45

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 SKECHERS U.S.A. INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	34.09	35.28	39.70	40.45	41.00	42.45	53.43
Change (%)	-15.72%	-12.78%	-1.85%	-	+1.36%	+4.94%	+32.09%
Change	-6.36	-5.17	-0.75	-	+0.55	+2.00	+12.98
Level	Minor	Intermediate	Major	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.99	39.30	39.93	40.24	40.87	41.18	41.81
Camarilla	40.29	40.38	40.46	40.55	40.64	40.72	40.81
Woodie	39.14	39.38	40.08	40.32	41.02	41.26	41.96
Fibonacci	39.30	39.66	39.88	40.24	40.60	40.82	41.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.06	37.30	38.52	39.76	40.98	42.22	43.44
Camarilla	39.06	39.29	39.51	39.74	39.97	40.19	40.42
Woodie	36.05	37.30	38.51	39.76	40.97	42.22	43.43
Fibonacci	37.30	38.24	38.82	39.76	40.70	41.28	42.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.65	35.39	37.82	39.56	41.99	43.73	46.16
Camarilla	39.09	39.48	39.86	40.24	40.62	41.01	41.39
Woodie	33.99	35.56	38.16	39.73	42.33	43.90	46.50
Fibonacci	35.39	36.99	37.97	39.56	41.16	42.14	43.73

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):	56.02
MACD (12,26,9):	0.4800
Directional Movement:	7.96
AROON (14):	-64.29
DEMA (21):	40.62
Parabolic SAR (0,02-0,02-0,2):	38.54
Elder Ray (13):	0.61
Super Trend (3,10):	38.35
Zig ZAG (10):	40.45
VORTEX (21):	1.0300
Stochastique (14,3,5):	62.57
TEMA (21):	40.38
Williams %R (14):	-29.52
Chande Momentum Oscillator (20):	1.05
Repulse (5,40,3):	-0.6000
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	0.33

MA7:	40.01
MA20:	40.14
MA50:	38.52
MA100:	36.50
MAexp7:	40.22
MAexp20:	39.90
MAexp50:	38.62
MAexp100:	36.83
Price / MA7:	+1.10%
Price / MA20:	+0.77%
Price / MA50:	+5.01%
Price / MA100:	+10.82%
Price / MAexp7:	+0.57%
Price / MAexp20:	+1.38%
Price / MAexp50:	+4.74%
Price / MAexp100:	+9.83%

News

The latest news and videos published on SKECHERS U.S.A. INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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