DECK 50 EMA Bounce and Bullish Engulfing CandleDECK bounce perfectly off the 50 EMA and is working on closing a bullish engulfing candle on the daily. Amazing recovery after an ugly Friday close.
0ADK trade ideas
DESCENDING TRIANGLEPossible M pattern forming that could be a shark as peak 2 is higher than peak 1/slightly.
Price is being pushed in to a vacuum at the nose of the triangle. This will break one way or the other.
At the resistance line today.
All triangles are neutral until broken.
Prior Cup pattern.
Earnings 10-23.
Strong stock that does well at earnings as a rule.
Never say never.
No recommendation.
Deckers outdoor Corp Trade Setup
Possible entry level $180
Target price $199
Stop loss $173
Ascending triangle formed.
RSI and OBV in strong uptrend.
Moving averages crossing bullishly.
Company profile
Deckers Outdoor Corp . engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer. The UGG Brand segment offers a line of premium footwear, apparel, and accessories. The HOKA Brand segment sells footwear and apparel that offers enhanced cushioning and inherent stability with minimal weight, originally designed for ultra-runners. The Teva Brand segment focuses on the sport sandal and modern outdoor lifestyle category, such as sandals, shoes, and boots. The Sanuk Brand segment originated in Southern California surf culture and has emerged into a lifestyle brand with a presence in the relaxed casual shoe and sandal categories. The Other Brands segment includes the Koolaburra by UGG brand. The Direct-to-Consumer segment comprises of retail stores and e-commerce websites. The company was founded by Douglas B. Otto in 1973 and is headquartered in Goleta, CA.
Momentum Stock: Deckers Outdoor CorporationDeckers Outdoor Corporation is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories. With popular brands such as UGG, Teva, Sanuk, and HOKA ONE ONE under its banner, the corporation has positioned itself prominently within the retail and consumer goods sector. Notably, the company's commitment to innovation, quality, and sustainability has been instrumental in attracting a loyal customer base and in expanding its global retail footprint.
As of the 15th May 2023, from a financial perspective DECK's recent performance has been promising. The stock has made significant gains over the past year, with its price appreciating by 107.66%. This trend of robust growth has continued across the last six months (49.07%), three months (16.81%), and one month (5.24%). However, the stock has slipped slightly over the past five days, decreasing by -1.08%, which might be a momentary correction in an otherwise upward trend.
An examination of DECK's moving averages, which smooth out price fluctuations and provide a clearer trend picture, indicates positive momentum. The 50-day Exponential Moving Average (EMA) is at $462.47, and the 200-day EMA stands at $389.52. Both are significantly lower than the current closing price of $491.52, suggesting a bullish trend.
The volume of shares traded, another important indicator of momentum, stands at 368,527, slightly above the 14-day average volume of 312,794.79. This increased trading activity could indicate heightened investor interest in the stock.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, stands at 63.34. This figure suggests the stock is nearing overbought territory (an RSI above 70 indicates overbought conditions), but it's not there yet, leaving some room for further price appreciation.
In terms of valuation, DECK's Price-to-Earnings (PE) ratio is 26.64, and its forward PE, which is based on predicted earnings, is 16.56. These figures suggest that the stock is currently fairly valued or slightly overvalued, depending on the market comparison.
Moreover, DECK has a solid market capitalization of $13.09 billion and a decent EBITDA of $678 million, contributing to its strong financial standing. It's also worth noting that the company has a healthy profit margin of 13.83% and a return on equity of 29.63%, indicating efficient management and profitable operations.
The analysts' average target price for DECK is $506.5, which indicates a potential upside of about 3% from the current closing price. The majority of analysts rate the stock as a "Strong Buy" or "Buy," with only a few recommending a "Hold" and none advising "Sell" or "Strong Sell." This suggests a generally positive outlook from the analyst community.
However, it's essential to note that despite DECK's strong performance and positive indicators, the stock does not offer a dividend, which may deter income-focused investors. Plus, as with any investment, DECK's performance should be viewed in light of the investor's individual financial goals, risk tolerance, and investment horizon. It's always advisable to diversify investments and not rely too heavily on one stock or sector.
Risk Management - A Trailing Stop Loss of 15% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
Might be one to watch.
ABC/DATH/518.40.
I am not sure but I do not think this company actually turns a profit.
This pattern reverses at D. Question being here is D?
Possible stop below C or here u see support.
No recommendation.
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name. It also provides relaxed casual shoes and sandals under the Sanuk brand name; and casual footwear fashion line under the Koolaburra brand. The company sells its products through domestic and international retailers; international distributors; and directly to its consumers through its direct-to-consumer business, which includes e-commerce websites and retail stores. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California.
52 Week Range
238.43
518.49
Day Range
505.15
514.48
EPS (FWD)
21.94
PE (FWD)
23.07
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
2.16%
Market Cap
$13.24B
Sell DECKERS Once the current bullish phase is over. This has been a strong stock, driven by the success of UGG and HOKA, these 2 brands cannt do much wrong.
UGG is a Cash cow, and they have managed to diversify the range and customer.
HOKA is currently the best running shoe brand, and its growing and growing.
Deckers is valued at 24 times PE, so it's not far behind Nike On Holdings or Lulu , but miles ahead on other co's like Wolverine, Crocs, so i'm sensing the tougher compares will challenge Deckers, and whilst we see some bullish moment as it breaks all time highs, it will at some point see some slow down.....my prediction is on the arrows.....let's see how wrong i get this
DECK on the way to $520+Given the consistent upwards trend of DECK over the past few months, it seems to be a solid swing trading opportunity.
Reasons
- Consistently finds support at the 180SMA and tit makes a 20% gain before falling back to the SMA
- Recently broke the 14EMA and is on it's way to a high of around $520 before falling back to around $500
Momentum Stock: Deckers OutdoorsDeckers has had a nice steady run over the last 12 months climbing around 65% over the last 12 months, and more before that.
Probably too expensive at this stage and I'd be waiting for a pullback into the lower end of its range with sign of a recovery.
One for the watchlist.
Rising WedgePrice is below the bottom trendline of a bearish rising wedge.
Strong stock with a recent earnings beat.
Rising wedges have 2 trendlines and they both slope up and narrow at the apex. This pattern is not valid until the bottom line is broken and it possible for price to break up from a RW.
The rising wedge will slope up and with the prevailing trend. The loss of upside momentum on each successive high gives the pattern its bearish bias. However, the series of higher highs and higher lows keeps the trend inherently bullish making these difficult to trade at times.
A RW can cause an imbalance in supply and demand.
No recommendation/ATH 451.49. Price is above the .236 of the trend up which can be a dangerous place to be when the market pulls back substantially.
This stock is one of my faves and I will watch it for now.
Cup and Handle Pattern BreakoutThis is the amazing Trade will find at the moment. Deckers Just gave the Breakout from the Handle Formation And with Gap Up which shows the Bullish Sentiments. As Market Makers are Coming In with the Fresh Buying to take the market up to the Previous Resistance Zone from where price falls. (Level $445 - $450). To Trade safe One can take entry now and get exit at the $410 - $415. Please look at the Chart pattern.
DECK LongFrom my Chart You can see that Deckers Outdoor Corporation are Consolidating at the Important Key level range between $340 - $370. Along with it you can see that Cup and Handle Pattern. We are in the Last phase of the Pattern which is handle. Once it gives breakout, We will be ready to buy the stock. Target Price should be somewhere around $410 - $415. But it will again Test the level of $445 which was previous Resistance level. So, those who want to hold till $445. probabilities are in the Favour. NYSE:DECK
Strong Stock/Bad PatternThe crooked W is there and if the 4th leg has terminated, it did so right above the 1.618.
In the scheme of things it does not matter what the name of this crooked W pattern is, but I think it fits a Deep Crab pattern which often terminates at the 1.618. This could even form a Rectangle and bounce around for a while up there.
I love this stock and it has served me well through the years. Price is above the .382 of the trend up, so I am not buying this dip. This is one of my trading rules I had to invent for a bear market as I have never been trading in a bear market before now. I may regret this decision as this is a ways beneath the high. But it is still over the .382 and I try to stick to my rules.
Possible RSI bearish diversion although it is slight.
ATH is 451.49.
This stock often moves with LULU and can be extremely volatile. If it goes down, which I am guessing it will eventually, it will not be without a fight. When EPS is almost equal to the PE ratio for a stock that is healthy and is still growing, I am impressed so this has been a long term holding for me until recently. Plus I wear Hoka shoes to jog in!
No recommendation.
Short interest is less than 3%. Earnings are 10-27 AMC.
EPS (FWD)
18.06
PE (FWD)
17.71
Div Rate (TTM)
0
Short Interest
2.66%
Market Cap
$8.49B
I guess sometimes I have to let things go when they are just too heavy to hold on to anymore )o:
DECK - touch and go - (8/30/21)Buyers want this stock and every time it has hit the 23EMA we have seen this shoot up. The trend is still in its early stages since it came from a longer term consolidation but it appears to be very strong. Once the stock broke out on strong volume on Jun 25th this has been a strong stock. We are seeing that every time this stock has hit the 23EMA the ATR has been declining and then shoots up and then settles for its next move higher, basically a textbook healthy uptrend.
Bear case is that volume is somewhat lacking but only price pays and recent volume was the most we have seen in years which could mean a change in character.
Personally I would manage risk just below the 23EMA to have a little cushion since it is a area of interest not a hard cutoff. This stock could really run since the uptrend is very new.
$DECK on Watch List for Break-out to ATHs$DECK has been consolidating in this box since early January. It's tried to break out a few times but has yet to do it. I have an alert set at the upper line of resistance. Should it break that line with any increase in volume I'll look for a logical entry. I'll be treating it like a Darvas Box Break-out. Deckers beat on earnings but has yet to have any real reaction. All TBD. Ideas, not investing / trading advice.
From earningswhispers.com :
Deckers Outdoor (DECK) reported 3rd Quarter December 2020 earnings of $8.99 per share on revenue of $1.1 billion. The consensus earnings estimate was $7.01 per share on revenue of $965.2 million. The Earnings Whisper number was $7.94 per share. Revenue grew 14.8% on a year-over-year basis.
Deckers Outdoor Corp is engaged in designing, marketing and distributing innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities.
