M Technical Analysis - MACY'S INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to M. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, M is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

M is part of the Broadline Retail industry. There are 28 other stocks in this industry. M outperforms 74% of them.

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 13.09 - 18.10 range, which is quite wide. It is currently trading near the high of this range.

M has an average volume of 9542660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that M is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

M has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.65

18.28

We found 5 important support areas.

A support zone ranging from 16.86 to 16.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 14.43 to 14.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @13.55 from a trend line in the daily time frame.
Support @11.13 from a horizontal line in the weekly time frame.
Support @10.76 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 18.01 to 18.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for M is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for M is up.
ChartMill Relative Strength	88.99	POSITIVE	M has a high relative strength, it outperformed 88.99% 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)	69.01	NEUTRAL	The RSI value for M is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests M has a negative trend, although the MACD value is rising.
Stochastics (14,3)	65.02	NEUTRAL	The Stochastics value for M is a neutral value.
Average True Range in percent/ATR (20)	3.96	MEDIUM VOLATILITY	The ATR as a percentage value for M suggests some volalility.
Average Directional Index/ADX (14)	43.05	POSITIVE	The high ADX value value for M suggests a strong trend.