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DECK - Deckers Outdoor Corp

Fri 16'th Feb 2018

PERIOD 2017-11-17 - 2018-02-16
CHANGE -1.47%
PRICE $94.59
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

0.00%

Deckers Outdoor Corp Stock Analysis

Technical stock analysis for Fri 16'th Feb 2018

Shorts 7.06% ( 2018-01-31 )
Cash 1 295.3 mill
Loans 262.6 mill
Beta 1.19
ROA 5.05
Buy candidate since 2018-02-01 Gain 8.40%

Deckers Outdoor Corp fell by -1.47% in the last day from $96.00 to $94.59 The price has risen in 8 of the last 10 days and is up by 1.03% over the past 2 weeks. Volume has increased in the last day by 42 479 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 600 496 shares bought and sold for approximately $56.80 million.

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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 31% during the next 3 months and, with 90% probability hold a price between $118.28 and $128.85 at the end of this period.

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Signals

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 $94.05 and $86.92. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday February 15, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double top formation was found on Thursday February 15, 2018 and based on theory for this formation the price should fall by -2.14% to $93.55 within 6 trading days since signal was issued (Monday February 26, 2018).

Relative Strength Index (RSI)

RSI14 is 63 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 $93.63. On the upside the stock meets some resistance just above today's level from accumulated volume at $94.90, $95.00 and $95.69.

The stock is about to test the resistance from accumulated volume at $94.90 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $93.63 Price: $94.59 Resistance: $94.90

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.60 between high and low, or 1.70%. For the last week, the stock has had a daily average volatility of 2.38%.

Our recommended stoploss: $90.04 (-4.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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