As of September 20, 2022, 02:42 a.m., the Skechers Usa share price is USD 35.86 on the New York home exchange. Skechers Usa belongs to the “Shoes” segment.
Our team of analysts analyzed Skechers Usa based on this market rating. A total of 7 factors lead to the individual assessments as “Buy”, “Hold” or “Sell”. From this, an overall assessment is determined in the last step.
1. Relative Strength Index: The Relative Strength Index (RSI) is a well-known means of technical analysis to assess whether a security is currently “overbought” or “oversold”. This sets price movements in relation to time. We consider the 7-day and 25-day RSI for Skechers Usa. Let’s start with the 7-day RSI, which is currently 66.96 points. This means that Skechers Usa is not currently overbought or oversold. The stock is therefore classified as “Hold”. What about the 25-day RSI? As with the RSI7, Skechers Usa is neither overbought nor oversold on this basis (value: 64.08). The security is therefore also classified as “Hold” for the RSI25. The bottom line is that Skechers Usa is rated “Hold” for this point of our analysis.
2. Sector comparison Share price: Compared to the average annual performance of shares from the same sector (“Consumer Discretionary”), Skechers Usa is more than 64 percent below with a return of -23.88 percent. The “Textiles, Clothing and Luxury Goods” branch achieved an average return of 29 percent over the past 12 months. Here, too, Skechers Usa is significantly lower with 52.87 percent. The stock’s performance over the past year results in a “Sell” rating in this category.
3. Technical Analysis: Over the last 200 trading days, the Skechers Usa stock averaged $40.21 for the closing price. The closing price on the last trading day was USD 35.86 (-10.82 percent difference) and we therefore assign a “Sell” rating from a technical point of view. In addition to the 200-day moving average, the 50-day moving average is also often analyzed as part of the chart technique. For this one ($38.13), the last close is also below the moving average (-5.95 percent deviation). The Skechers Usa share is therefore also given a “Sell” rating on this shorter-term basis. Overall, Skechers Usa receives a “Sell” rating for the simple chart technique.
Should Skechers USA Investors Sell Immediately? Or is it worth getting started?
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