Deck stock price performance continues to outpace peer

Deck stock price performance continues to outpace peer averages. A recently published sector report forecasted robust growth for premium athletic footwear through 2025, potentially benefiting the brand’s valuation multiples. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30 , according to Benzinga Pro . Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Deck stock price climbed after management reiterated full-year guidance, highlighting double-digit revenue growth targets. Institutional buying volume in the latest session surpassed its 30-day average.