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 0 out of 10 in our technical rating. M scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, M is a bad performer in the overall market: 91% of all stocks are doing better.
M is one of the lesser performing stocks in the Broadline Retail industry. 88% 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.
In the last month M has a been trading in the 10.54 - 12.62 range, which is quite wide. It is currently trading near the lows of this range.
M has an average volume of 6814070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
M has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
10.90
15.96
When analyzing the support we notice one important area.
- Support @11.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 11.57 to 11.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.86 to 11.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.27 to 12.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.23 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 | DOWN | NEGATIVE | The short term trend for M is down. |
| ChartMill Relative Strength | 9.55 | NEGATIVE | M has a low relative strength, it was outperformed by 90.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of M is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of M is below a declining 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) | 42.75 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests M has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.62 | OVERSOLD | The low Stochastics value suggests M may be oversold. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 15.74 | 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)
11.02
+0.21 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg1.94%
1 Week-2.74%
2 Weeks-10.91%
1 Month-8.47%
3 Month-13.97%
6 Month-37.17%
12 Month-42.6%
2 Year-31.34%
3 Year-39.85%
5 Year60.17%
10 Year-83.67%
15 Year-38.44%
Volatility
ATR(14)0.46
ATR(20)%4.35%
ATR Inc-20.82%
Range Today0.35
ADR(20)0.45
ADR(20)%4.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.55
Mansfield-2.87
10 Day High12.49
10 Day Low10.54
20 Day High12.62
20 Day Low10.54
52 Week High20.47
52 Week Low9.76
CS1 End11.01
CR1 Start11.57
Volume & EV
DER(3)-1.31%
DER(5)-0.1%
Volume6.87M
Volume Incr13.8%
Vol(5)8.83M
Vol(50)6.81M