Crocs shares fell 55% since the start of the year, but has gained some mometum over recent months.

Crocs had an amazing spell as a result of the Covid pandemic, but since the start of the year the stock has fell 55%. However, from a technical outlook it is currently trading at 7642 and in a bullish direction. Resistance sits at 8036 followed by major resistance at 8362, which is matches the upper green trendline of the ascending triangle. A break above the major resistance could see the stock recover some of its losses since January 2022. Towards the downside, first support level sits at 7290 and followed by this is the major support level at 6523 (lower trendline of the triangle). A slip below the major support could see a further decline in the share price towards the lows of pre-pandemic era. Looking at the indicators, MACD is positive and RSI reads 51, overall suggesting a positive stance.