Shoe Carnival's 15-minute chart triggers bullish KDJ Golden Cross and Marubozu pattern.

Shoe Carnival's 15-minute chart has recently triggered a Golden Cross in the KDJ indicator, accompanied by a Bullish Marubozu at 13:30 on September 11, 2025. This suggests that the momentum of the stock price is shifting towards the upside and has the potential to further increase. The presence of buyers in control of the market is indicative of a bullish trend, and it is likely that this momentum will continue.

Shoe Carnival Inc. (NASDAQ: SCVL) experienced a significant technical indicator shift on September 11, 2025, with its 15-minute chart triggering a Golden Cross in the KDJ indicator, accompanied by a Bullish Marubozu at 13:30. This development suggests a potential shift in the stock's momentum towards the upside, indicating a bullish trend [^NUMBER:1].

The Golden Cross, formed by the intersection of the KDJ indicator's fast line (K) crossing above the slow line (D), typically signals a bullish trend reversal. The Bullish Marubozu, a candlestick pattern characterized by a long white candle with no upper or lower shadows, further reinforces this bullish sentiment by indicating strong buying pressure and a potential price increase [^NUMBER:2].

Analysts at Williams Trading recently raised their price target on Shoe Carnival to $22.00, citing the stock's remarkable momentum and mixed earnings results for the second quarter of 2025. The company reported earnings per share (EPS) of $0.70, exceeding the consensus estimate of $0.58, despite a revenue shortfall [^NUMBER:1].

Shoe Carnival's second-quarter sales decreased by 7.9% compared to the same period last year, with comparable sales declining by 7.5%. However, the company's gross margin performance exceeded expectations, contributing to an expanded gross profit margin of 270 basis points to 38.8% [^NUMBER:2]. The company's president and CEO, Mark Worden, attributed these results to the company's strategic initiatives and improved margins, particularly during the Back-to-School season.

The company's rebanner strategy, which involves converting Shoe Carnival stores to Shoe Station stores, has been a key driver of growth. As of August 2, 2025, the company operated 428 stores, with 313 Shoe Carnival stores, 87 Shoe Station stores, and 28 Rogan's stores. The Shoe Station store count has more than doubled since the second quarter of 2024, with 44 stores rebannered by year-to-date August [^NUMBER:2].

Based on the company's recent performance and strategic direction, market analysts are closely monitoring Shoe Carnival's progress. The company's 2025 outlook anticipates net sales of $1.12 billion to $1.15 billion, with gross profit margins expected to reach 36.5% to 37.5%. However, the wide EPS range reflects macroeconomic uncertainty and expected traffic volatility outside key selling periods [^NUMBER:2].

In conclusion, Shoe Carnival's recent technical indicators suggest a potential upside in the stock's momentum, supported by the company's strong earnings performance and strategic initiatives. Investors should closely monitor the company's progress and the broader market conditions to make informed investment decisions.