MACY'S INC (M) Technical Analysis
NYSE:M • US55616P1049
Current stock price
M Technical Rating and Analysis
Overall M gets a technical rating of 5 out of 10. In the past year, M was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- M is one of the better performing stocks in the Broadline Retail industry, it outperforms 79% of 30 stocks in the same industry.
- M has an average volume of 7156470 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 84% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- M is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so M is lagging the market.
- In the last month M has a been trading in the 17.68 - 20.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
M Weekly and Daily overview Charts
M Setup Rating and Analysis
Although the technical rating is only medium, 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. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
M Support and Resistance Analysis
16.34
We found 3 important support areas.
- A support zone ranging from 17.96 to 18.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.92 to 17.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.77 to 20.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.17 from a trend line in the daily time frame.
M 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 | 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 | 84.15 | POSITIVE | M has a high relative strength, it outperformed 84.15% 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) | DOWN | MIXED | The current price of M is above a declining 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) | 55.9 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests M has a negative trend. |
| Stochastics (14,3) | 42.01 | NEUTRAL | The Stochastics value for M is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 14.55 | NEGATIVE | The low ADX value for M suggests a weak or negative trend. |
M Chart- and CandleStick Pattern Analysis
M Technicals: Chart, Performance Metrics, Trend & Indicators
19.69
+0.14 (+0.72%)
MACY'S INC / M TA FAQ
What is the ChartMill technical rating of MACY'S INC (M) stock?
ChartMill assigns a technical rating of 5 / 10 to M.
What is the current trend direction of MACY'S INC (M) stock?
The current trend direction for MACY'S INC (M) is Bearish.
Can you provide the RSI signal for MACY'S INC?
MACY'S INC (M) has an RSI value of 55.9032. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MACY'S INC?
The MACD indicator for MACY'S INC (M) has a value of -0.00111826, indicating a bearish trend.
Can you provide the support and resistance levels for MACY'S INC?
MACY'S INC (M) has a support level at 18.16 and a resistance level at 19.77. Check the full technical report for our detailed analysis of M support and resistance levels.