MACY'S INC (M) Stock Technical Analysis
NYSE:M - US55616P1049 - Common Stock
17.33 USD
+0.09 (+0.52%)
17.35 USD
+0.02 (+0.12%)
Overall M gets a technical rating of 8 out of 10. M has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
M is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month M has a been trading in the 11.88 - 17.56 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
M has an average volume of 8643360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, M did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
M is part of the Broadline Retail industry. There are 28 other stocks in this industry, M did better than 59% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although M has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.65
17.50
4 important support areas can be observed.
- A support zone ranging from 13.51 to 13.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.89 to 12.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.11 to 11.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @10.76 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for M is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for M is up. |
| ChartMill Relative Strength | 85.03 | POSITIVE | M has a high relative strength, it outperformed 85.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of M is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of M is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of M is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.13 | OVERBOUGHT | The high RSI value suggests M may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests M has a positive trend. |
| Stochastics (14,3) | 96.68 | OVERBOUGHT | The high Stochastics value suggests M may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 34.54 | POSITIVE | The high ADX value value for M suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.33
+0.09 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.52%
1 Week29.72%
2 Weeks33.93%
1 Month43.1%
3 Month41.35%
6 Month23.26%
12 Month18.62%
2 Year49.27%
3 Year10.59%
5 Year204.04%
10 Year-66.23%
15 Year-24.91%
Volatility
ATR(14)0.68
ATR(20)%3.52%
ATR Inc49.57%
Range Today0.53
ADR(20)0.5
ADR(20)%2.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.03
Mansfield1.35
10 Day High17.56
10 Day Low12.94
20 Day High17.56
20 Day Low11.89
52 Week High18.13
52 Week Low9.76
CS1 End13.64
CR1 StartN/A
Volume & EV
DER(3)5.64%
DER(5)4.77%
Volume18.33M
Volume Incr245.72%
Vol(5)22.93M
Vol(50)8.64M