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 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
88% 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. 70% of 31 stocks in the same industry do better.
M is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so M is lagging the market.
In the last month M has a been trading in the 11.46 - 12.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
M has an average volume of 7197080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, M does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
11.01
18.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.76 to 11.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.56 from a horizontal line in the daily time frame.
- A support zone ranging from 11.12 to 11.17. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.90 to 11.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.24 to 12.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.58 to 15.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.82 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 | 12.9 | NEGATIVE | M has a low relative strength, it was outperformed by 87.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of M is below 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) | DOWN | NEGATIVE | The current price of M is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.92 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests M has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.77 | NEUTRAL | The Stochastics value for M is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 18.07 | 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)
11.89
-0.05 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.42%
1 Week-0.25%
2 Weeks-1%
1 Month1.97%
3 Month-17.14%
6 Month-26.79%
12 Month-38.96%
2 Year-12.51%
3 Year-49.73%
5 Year86.95%
10 Year-82.24%
15 Year-46.47%
Volatility
ATR(14)0.49
ATR(20)%3.75%
ATR Inc-0.66%
Range Today0.43
ADR(20)0.38
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.9
Mansfield-2.43
10 Day High12.57
10 Day Low11.46
20 Day High12.85
20 Day Low11.46
52 Week High20.47
52 Week Low9.76
CS1 End11.88
CR1 Start11.9
Volume & EV
DER(3)-0.17%
DER(5)1.71%
Volume8.40M
Volume Incr107.68%
Vol(5)11.70M
Vol(50)7.20M