Chart pattern

SHOO chart pattern — Steven Madden

1 formation detected on the latest close (Nov 06, 2026).

Overview Technicals

Descending Channel · Weekly candles

BearishForming

Last close$39.50

Trigger$38.14 (-3.5%)

Upper boundary$47.01

Lower boundary$38.14

Pattern spanJul 31, 2026 → 14 bars

Touches5

Fit score78/100

A steady downtrend held between two parallel falling lines. Trigger: A close above the upper rail is the first real sign the downtrend is ending. A close below the lower rail is capitulation. Invalidation: A sustained close above the upper rail.

Automated detection for education and research; not a recommendation. Levels are drawn from split-adjusted daily prices.