Designer Brands Inc

DBI is in Stage 3 distribution with failing Stage 2 structure and a breakdown below key horizontal support, under a declining EMA regime. Medium-term bias is bearish, reinforced by Support Failure and Post-Parabola Collapse patterns, while short-term shows exhaustion at oversold levels. Execution should be deferred and executed into rallies into the falling 9 and 21 EMAs and prior support-turned-resistance. Long-term uptrend remains intact above the 200 DMA.

• ↑Q1 net sales +1.4% YoY to $696 M, led by branded/private-label lines.
• ↑Brand portfolio sales jumped 19% YoY, enhancing market position.
• ↓Comparable sales fell 1.1% YoY in Q1, reflecting soft traffic.