MACY'S INC (M) Stock Technical Analysis
NYSE:M - New York Stock Exchange, Inc. - US55616P1049 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to M. M's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
86% of all other stocks performed better in the past year than M.
M is one of the lesser performing stocks in the Broadline Retail industry. 85% 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 11.77 - 13.77 range, which is quite wide. It is currently trading near the lows of this range.
M has an average volume of 7287200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, M does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
10.52
14.75
We found 3 important support areas.
- A support zone ranging from 11.95 to 12.08. 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 11.04 to 11.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.63 to 10.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 12.12 to 12.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.09 from a horizontal line in the weekly time frame.
- Resistance @13.42 from a trend line in the daily time frame.
- Resistance @13.73 from a horizontal line in the daily time frame.
- Resistance @14.07 from a horizontal line in the daily time frame.
- Resistance @14.60 from a trend line in the weekly 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 | 14.8 | NEGATIVE | M has a low relative strength, it was outperformed by 85.2% 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) | 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) | 46.35 | 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) | 16.5 | OVERSOLD | The low Stochastics value suggests M may be oversold. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 16.02 | 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)
12.11
+0.03 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg0.25%
1 Week1.76%
2 Weeks-11.73%
1 Month-2.96%
3 Month-0.98%
6 Month-19.48%
12 Month-31.58%
2 Year-0.98%
3 Year-30.08%
5 Year73.74%
10 Year-79.34%
15 Year-37.61%
Volatility
ATR(14)0.46
ATR(20)%3.93%
ATR Inc-55.99%
Range Today0.24
ADR(20)0.44
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.8
Mansfield-2.02
10 Day High13.77
10 Day Low11.77
20 Day High13.77
20 Day Low11.77
52 Week High18.13
52 Week Low9.76
CS1 End12.08
CR1 Start12.12
Volume & EV
DER(3)1.49%
DER(5)-0.51%
Volume5.72M
Volume Incr-13%
Vol(5)6.32M
Vol(50)7.29M