Exploring NYSE:DECK's high growth characteristics.

Our stockscreener has identified a possible breakout setup on DECKERS OUTDOOR CORP (NYSE:DECK). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:DECK for potential opportunities.

Technical analysis of NYSE:DECK

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall DECK gets a technical rating of 9 out of 10. Both in the recent history as in the last year, DECK has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that DECK is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, DECK also shows a nice and consistent pattern of rising prices.
• DECK is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 88% of 51 stocks in the same industry.
• DECK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DECK is lagging the market slightly.
• In the last month DECK has a been trading in the 142.69 - 162.05 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days.

For an up to date full technical analysis you can check the technical report of DECK

How does the Setup look for NYSE:DECK

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:DECK has a 8 as its setup rating:

DECK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 155.44, a Stop Loss order could be placed below this zone.

What matters for high growth investors.

• DECKERS OUTDOOR CORP has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 87.55% increase. This indicates improving financial performance and the company's effective management of its operations.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 22.13%, DECKERS OUTDOOR CORP showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• DECKERS OUTDOOR CORP has experienced 29.55% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• With notable 1-year revenue growth of 20.3%, DECKERS OUTDOOR CORP exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• In the most recent financial report, DECKERS OUTDOOR CORP reported a 87.55% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The earnings per share (EPS) growth of DECKERS OUTDOOR CORP are accelerating: the current Q2Q growth of 87.55% is above the previous year Q2Q growth of 45.18%. Earnings momentum and acceleration are key for high growth systems.
• With a favorable trend in its operating margin over the past year, DECKERS OUTDOOR CORP demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• DECKERS OUTDOOR CORP has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• The Return on Equity(ROE) of DECKERS OUTDOOR CORP is 39.12%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• With a Debt-to-Equity ratio at 0.0, DECKERS OUTDOOR CORP showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• The ownership composition of DECKERS OUTDOOR CORP reflects a balanced investor ecosystem, with institutional shareholders owning 15.93%. This indicates a broader market participation and potential for increased trading liquidity.
• DECKERS OUTDOOR CORP has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• DECKERS OUTDOOR CORP has achieved an impressive Relative Strength (RS) rating of 92.45, showcasing its ability to outperform the broader market. This strong performance positions DECKERS OUTDOOR CORP as an attractive stock for potential price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.