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DECK - Deckers Outdoor Corp

Tue 06'th Mar 2018

PERIOD 2017-12-07 - 2018-03-06
CHANGE 3.80%
PRICE $98.29
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

0.00%

Deckers Outdoor Corp Stock Analysis

Technical stock analysis for Tue 06'th Mar 2018

Buy candidate since 2018-02-01 Gain 12.64%

Deckers Outdoor Corp gained 3.80% in the last trading day, rising from $94.69 to $98.29 The price has risen in 6 of the last 10 days and is up by 3.48% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 68 443 more shares were traded than the day before. In total, 961 174 shares bought and sold for approximately $94.47 million.

Shorts 4.23% ( 2018-02-15 )
Cash 1 295.3 mill
Loans 262.6 mill
Beta 0.97
ROA 5.05

Trend

Deckers Outdoor Corp lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 30.22% during the next 3 months and, with 90% probability hold a price between $123.74 and $134.10 at the end of this period.

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Signals

Only positive signals in the chart today. Deckers Outdoor Corp holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $95.68 and $91.73. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 28, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A sell signal from a double top formation was found on Monday February 26, 2018 and based on theory for this formation the price should fall by -1.14% to $94.55 within 12 trading days since signal was issued (Wednesday March 14, 2018).

Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Deckers Outdoor Corp finds support from accumulated volume at $95.00. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $95.00 Price: $98.29

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $5.01 (5.35%) between high and low. For the last week, the stock has had a daily average volatility of 3.54%.

Our recommended stoploss: $93.77 (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Deckers Outdoor Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

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