I’m still in favor of this Stitch Fix fashion trend

Stitch Fix (SFIX) is expected to release its most recent quarterly figures after the market closes on Tuesday. Shares of this privately designed service have declined in the past year, so let’s check if investors are attractively priced.

On the SFIX bar chart, below, we can see that stocks have noticed a significant decline over the past 12 months. Stocks are trading below 50-day reduction moving averages and bearish 200-day averages.

The On-Balance-Volume (OBV) line shows a decrease in July and only a limited improvement in the following weeks. The study of the 12-day price dynamics has still shown us a bullish divergence between the price movement and the indicator.

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