MACY'S INC (M) Stock Technical Analysis
NYSE:M - New York Stock Exchange, Inc. - US55616P1049 - Common Stock - Currency: USD
Taking everything into account, M scores 3 out of 10 in our technical rating. In the past year, M was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, M is a bad performer in the overall market: 85% of all stocks are doing better.
M is one of the lesser performing stocks in the Broadline Retail industry. 81% of 28 stocks in the same industry do better.
M is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
M has an average volume of 7090560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month M has a been trading in the 10.54 - 12.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, M does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
10.52
15.96
We found 2 important support areas.
- A support zone ranging from 11.04 to 11.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 10.63 to 10.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.33 to 12.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.96 from a trend line in the weekly time frame.
- Resistance @15.80 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 | DOWN | NEGATIVE | The long term trend for M is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for M is neutral. |
| ChartMill Relative Strength | 15.05 | NEGATIVE | M has a low relative strength, it was outperformed by 84.95% 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) | DOWN | NEGATIVE | The current price of M is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.86 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests M has a negative trend. |
| Stochastics (14,3) | 47.4 | NEUTRAL | The Stochastics value for M is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for M suggests a weak or negative 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)
11.95
-0.05 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.42%
1 Week-4.63%
2 Weeks-4.55%
1 Month7.95%
3 Month7.37%
6 Month-14.58%
12 Month-27%
2 Year-27.97%
3 Year-32.29%
5 Year97.19%
10 Year-82.7%
15 Year-35.92%
Volatility
ATR(14)0.41
ATR(20)%3.41%
ATR Inc-30.47%
Range Today0.32
ADR(20)0.39
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.05
Mansfield-2.29
10 Day High12.92
10 Day Low11.8
20 Day High12.92
20 Day Low10.54
52 Week High18.13
52 Week Low9.76
CS1 End11.13
CR1 Start12.33
Volume & EV
DER(3)0.42%
DER(5)-0.3%
Volume5.67M
Volume Incr-21.59%
Vol(5)5.89M
Vol(50)7.09M