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 Observations

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, DECK scores 10 out of 10 in our technical rating. 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.
• Looking at the yearly performance, DECK did better than 91% of all other stocks. We also observe that the gains produced by DECK over the past year are nicely spread over this period.
• DECK is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 83% of 50 stocks in the same industry.
• A new 52 week high is currently being made by DECK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
• In the last month DECK has a been trading in the 195.18 - 218.39 range, which is quite wide. It is currently trading near the high of this range.

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

Looking at the Setup

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:DECK currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, DECK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 214.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 207.53, a Stop Loss order could be placed below this zone.

Looking into the high growth metrics of DECKERS OUTDOOR CORP

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), DECKERS OUTDOOR CORP highlights its ability to generate increasing profitability, showcasing a 39.88% growth.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 20.09%, 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 continued growth.
• 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.
• The quarterly earnings of DECKERS OUTDOOR CORP have shown a 39.88% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• DECKERS OUTDOOR CORP has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• With a favorable trend in its free cash flow (FCF) over the past year, DECKERS OUTDOOR CORP demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• In terms of Return on Equity(ROE), DECKERS OUTDOOR CORP is performing well, achieving a 39.38% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• With a current Debt-to-Equity ratio at 0.0, DECKERS OUTDOOR CORP showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• DECKERS OUTDOOR CORP has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• DECKERS OUTDOOR CORP has achieved an impressive Relative Strength (RS) rating of 91.46, showcasing its ability to outperform the broader market. This strong performance positions DECKERS OUTDOOR CORP as an attractive stock for potential price appreciation.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.