Technical Analysis for SKX - Skechers U.S.A., Inc.

Grade Last Price % Change Price Change
D 44.19 -1.82% -0.82
SKX closed down 1.82 percent on Wednesday, February 8, 2023, on 1.48 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Support Bullish -1.82%
Calm After Storm Range Contraction -1.82%
Stochastic Reached Oversold Weakness -1.82%
Gapped Down Weakness -1.82%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
1.5x Volume Pace about 6 hours ago
Down 1 ATR about 10 hours ago
Down 3% about 10 hours ago
Fell Below Previous Day's Low about 10 hours ago
60 Minute Opening Range Breakdown about 11 hours ago

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Profile

Skechers U.S.A., Inc. Description

Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children. It operates through four segments: Domestic Wholesale Sales, International Wholesale Sales, Retail Sales, and E-commerce Sales. The company offers various footwear comprising casuals, such as boots, shoes, and sandals for men, as well as oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, and seasonal sandals and boots for men and women; and relaxed fit casuals for men under the Skechers USA brand. It also provides city and off-road wear, footwear for joggers, athletic footwear, and sport sandals and boots under the Skechers Sport brand; sneakers for females under the Skechers Active brand; alpagarta-inspired footwear under the BOBS from Skechers name; low-top sneakers and boots under the SKCH+3 name for 20 to 34 year old women; and juniors footwear under the Daddy's Money name. In addition, the company offers boots, shoes, sneakers, sandals, and skimmers for infants, toddlers, boys, and girls primarily under the Skechers Kids brand. Further, it provides men's and women's casuals, field boots, hikers, and athletic shoes under the Skechers Work brand; sneakers for men and women under the Shape-ups Liv by Skechers name; technical footwear under the Skechers Performance brand; and footwear designed for running, walking, trail running, gym, and golf course. The company sells its products through its e-commerce Website and retail stores; and through department and specialty stores, athletic and independent retailers, boutiques, and catalog and Internet retailers. As of February 15, 2013, it operated 116 concept stores, 118 factory outlet stores, and 61 warehouse outlet stores in the United States; and 36 concept stores and 18 factory outlets internationally. The company was founded in 1992 and is headquartered in Manhattan Beach, California.


Classification

Sector: Consumer Cyclical
Industry: Footwear & Accessories
Keywords: Retail Store Clothing E Commerce Outlet Store Footwear Athletic Footwear Shoe Retail Sales Consumer Goods Internet Retailer Sandal Sneakers

Is SKX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 49.89
52 Week Low 31.28
Average Volume 1,706,937
200-Day Moving Average 38.98
50-Day Moving Average 44.20
20-Day Moving Average 46.88
10-Day Moving Average 46.82
Average True Range 1.48
RSI 41.86
ADX 32.38
+DI 20.69
-DI 29.20
Chandelier Exit (Long, 3 ATRs) 45.13
Chandelier Exit (Short, 3 ATRs) 47.65
Upper Bollinger Bands 49.87
Lower Bollinger Band 43.89
Percent B (%b) 0.05
BandWidth 12.77
MACD Line 0.46
MACD Signal Line 1.07
MACD Histogram -0.6189
Fundamentals Value
Market Cap 5.99 Billion
Num Shares 136 Million
EPS 0.68
Price-to-Earnings (P/E) Ratio 64.99
Price-to-Sales 1.16
Price-to-Book 2.25
PEG Ratio 1.19
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.16
Resistance 3 (R3) 46.05 45.29 45.83
Resistance 2 (R2) 45.29 44.79 45.34 45.72
Resistance 1 (R1) 44.74 44.48 44.36 44.85 45.61
Pivot Point 43.98 43.98 43.79 44.03 43.98
Support 1 (S1) 43.43 43.48 43.05 43.54 42.77
Support 2 (S2) 42.67 43.17 42.72 42.66
Support 3 (S3) 42.12 42.67 42.55
Support 4 (S4) 42.23