For its latest trading sesion, Skechers U.S.A., Inc. (NYSE:SKX) dropped by -0.1% – here is what that looked like (as of 2019-11-28):
What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.621, an Accumulation/Distribution Index (ADI) of 0.621, an On-Balance Volume (OBV) of 602.714, and a Chaiikin Money Flow (CMF) of -40.91. 11.8
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for Skechers U.S.A., Inc. (NYSE:SKX). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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