According to the 15-minute chart of Steven Madden, the KDJ Golden Cross and KDJ Death Cross indicators triggered at 08/19/2022 15:00. This suggests that the momentum of the stock price is shifting towards an upward trajectory, potentially leading to further increases. Conversely, it also indicates that the momentum of the stock price is shifting towards a downward trajectory, potentially leading to further decreases.
According to the 15-minute chart of Steven Madden, Ltd. (NASDAQ: SHOO), the KDJ Golden Cross and KDJ Death Cross indicators triggered at 08/19/2022 15:00. This suggests that the momentum of the stock price is shifting towards an upward trajectory, potentially leading to further increases. Conversely, it also indicates that the momentum of the stock price is shifting towards a downward trajectory, potentially leading to further decreases.
Steven Madden, Ltd. has been historically associated with poor future stock performance. The company has decelerating momentum and declining growth when compared to other Consumer Discretionary stocks. It receives a Sell rating from Seeking Alpha's Quant rating system, which has massively underperformed the S&P 500. Over the last year, SHOO has a 1Y Price Performance of -38.52%, while the Consumer Discretionary sector median is -0.25% [1].
Moreover, SHOO's Levered FCF Growth (YoY) stands at -97.54%, compared to the Consumer Discretionary sector median of -10.49%. This quantitative model has ranked Steven Madden, Ltd. as the 377th out of 2093 in the Consumer Discretionary sector. Historically, stocks rated Sell or worse by this model have underperformed the S&P 500 by an average of 20% per year over the last 10 years [1].
The mixed signals from the KDJ indicators, combined with the quantitative data, suggest caution for investors considering SHOO. While the indicators hint at potential upward momentum, the company's overall performance metrics and historical data indicate a higher risk of poor stock performance.
References:
[1] https://seekingalpha.com/warnings/4486385-warning-shoo-is-at-high-risk-of-performing-badly
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