(SHOO) Proactive Strategies

November 15, 2024, 02:10 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SHOO

• Buy SHOO near 43 target 46.08 stop loss @ 42.88 Details

The technical summary data tells us to buy SHOO near 43 with an upside target of 46.08. This data also tells us to set a stop loss @ 42.88 to protect against excessive loss in case the stock begins to move against the trade. 43 is the first level of support below 43.95 , and by rule, any test of support is a buy signal. In this case, support 43 would be being tested, so a buy signal would exist.

• Short SHOO slightly under 46.08, target 43, stop loss @ 46.21 Details

The technical summary data is suggesting a short of SHOO as it gets near 46.08 with a downside target of 43. We should have a stop loss in place at 46.21though. 46.08 is the first level of resistance above 43.95, and by rule, any test of resistance is a short signal. In this case, if resistance 46.08 is being tested, so a short signal would exist.

Swing Trading Plans for SHOO

• Buy SHOO slightly over 44, target 45.31, Stop Loss @ 43.87 Details

If 44 begins to break higher, the technical summary data tells us to buy SHOO just slightly over 44, with an upside target of 45.31. The data also tells us to set a stop loss @ 43.87 in case the stock turns against the trade. 44 is the first level of resistance above 43.95, and by rule, any break above resistance is a buy signal. In this case, 44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHOO slightly near 44, target 43, Stop Loss @ 44.13. Details

The technical summary data is suggesting a short of SHOO if it tests 44 with a downside target of 43. We should have a stop loss in place at 44.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SHOO

• Buy SHOO slightly over 44, target 44.49, Stop Loss @ 43.9 Details

If 44 begins to break higher, the technical summary data tells us to buy SHOO just slightly over 44, with an upside target of 44.49. The data also tells us to set a stop loss @ 43.9 in case the stock turns against the trade. 44 is the first level of resistance above 43.95, and by rule, any break above resistance is a buy signal. In this case, 44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SHOO slightly near 44, target 43, Stop Loss @ 44.1. Details

The technical summary data is suggesting a short of SHOO if it tests 44 with a downside target of 43. We should have a stop loss in place at 44.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Steven Madden Ltd. (SHOO) available here: SHOO.

SHOO Ratings for November 15:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	43
P2	43.94	44	46.08
P3	44.49	45.31	49.19

AI Generated Signals for SHOO

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This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SHOO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SHOO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SHOO too.  All of these are offered below the Summary Table.