Urban Outfitters, Inc. (NASDAQ:URBN) Trading Outlook and Forecast Cloud
Our forecast cloud has Urban Outfitters, Inc. (NASDAQ:URBN) trading under $20
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URBAN OUTFITTER closed down -1.660 at 24.490. Volume was 185% above average (trending) and Bollinger Bands were 32% wider than normal.
Open High Low Close Volume___
25.400 25.799 24.310 24.490 5,552,408
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 28.03 29.26 35.47
Volatility: 62 42 40
Volume: 2,375,549 1,883,139 2,140,233
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
URBAN OUTFITTER gapped down today (bearish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
URBAN OUTFITTER is currently 31.0% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of URBN.O (mildly bearish). Our trend forecasting oscillators are currently bearish on URBN.O and have had this outlook for the last 3 periods. Our momentum oscillator is currently indicating that URBN.O is currently in an oversold condition.
Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 19 white candles and 31 black candles for a net of 12 black candles.
A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. The two candles preceding the falling window were black, which makes this pattern even more bearish.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 2.5573. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 12 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 26.47. This is where it usually bottoms. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 14 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -233.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 4 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 2 period(s) ago.
Urban Outfitters, Inc. (Urban Outfitters), incorporated on August 6, 1976, is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Company’s customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young women’s contemporary casual apparel.
Retail Segment
The Retail segment consists of the Company’s Urban Outfitters, Anthropologie Group, Free People and Terrain brands. Urban Outfitters targets young adults aged 18 to 28. The products include women’s and men’s fashion apparel, intimates, footwear, beauty and accessories, activewear and gear, electronics, as well as an eclectic mix of apartment wares and gifts. Apartment wares range from rugs, pillows and shower curtains to books, candles and novelties. As of January 31, 2015, the Company operated 238 Urban Outfitters stores, of which 179 were located in the United States, 16 were located in Canada and 43 were located in Europe. The Company’s stores are located in metropolitan areas, select university communities, specialty centers and enclosed malls.
The Anthropologie Group consists of the Anthropologie and Bhldn brands. Anthropologie offers merchandise to women aged from 28 to 45. Anthropologie’s products include women’s casual apparel and accessories, intimates, shoes, beauty, home furnishings and a range of gifts and decorative items. The home furnishings range from furniture, rugs, lighting and antiques to table top items, bedding and gifts. The brand offers around 60,000 to 65,000 stock keeping units (SKUs) across the Retail segment. Its stores are located in specialty retail centers, street locations and enclosed malls. The Bhldn brand offers wedding collection, such as wedding gowns, bridesmaid frocks, party dresses, assorted jewelry, headpieces, footwear, lingerie and decorations. The Company also operates shop-within-shop locations within its Anthropologie stores that offers product to its stores and Website. As of January 31, 2015, the Company operated 204 Anthropologie Group stores, of which 185 were located in the United States, 12 were located in Canada and seven were located in Europe. The Anthropologie Group operates Websites in North America and Europe that offers a selection of merchandise. Anthropologie offers registry services through the Company’s Website and mobile applications and in all of the Company’s stores throughout the United States. Registry services allow the Company’s customers to create gift registries for any occasion and customers can select from any of the products offered by the brand. The Anthropologie brand also offers a catalog in North America and Europe that markets select merchandise.
The Company’s Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Free People offers a merchandise mix of casual women’s apparel, intimates, shoes, accessories, activewear and gifts. The brand offers around 20,000 to 25,000 SKUs across the Retail segment. The Company’s Free People stores are located in enclosed malls, street locations and specialty retail centers. As of January 31, 2015, the Company operated 102 Free People stores, of which 98 were located in the United States and four were located in Canada.
The Company’s Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. Terrain’s products include home furnishings and decorative items, garden products, including live plants and flowers, outdoor living furnishings and entertainment products and a range of gifts. Terrain also offers a variety of landscape and design service solutions to its customers. As of January 31, 2015, the Company operated two Terrain garden centers and a Website that offers customers a portion of the product assortment found at the Terrain garden centers.
Wholesale Segment
The Wholesale segment consists of the Free People wholesale division, which designs, develops and markets young women’s casual wear. Free People’s range of tops, bottoms, sweaters, dresses, intimates and shoes were sold across the world through approximately 1,600 department and specialty stores, including Macy’s, Nordstrom, Bloomingdale’s, Lord & Taylor, Selfridge’s, and the Company’s Free People stores. Free People wholesale sales and showroom facilities are located in New York City, Los Angeles, Chicago, London and Tokyo.
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