MACY'S INC (M) Stock Technical Analysis
NYSE:M • US55616P1049
Taking everything into account, M scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, M has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, M did better than 84% of all other stocks.
- M is part of the Broadline Retail industry. There are 30 other stocks in this industry. M outperforms 89% of them.
- M is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so M is lagging the market slightly.
- In the last month M has a been trading in the 19.80 - 23.01 range, which is quite wide. It is currently trading near the high of this range.
- M has an average volume of 6446670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
M has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.08, a Stop Loss order could be placed below this zone. 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
19.82
We found 2 important support areas.
- A support zone ranging from 20.86 to 22.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.02 to 20.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.15 to 24.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for M is neutral. |
| ChartMill Relative Strength | 84.66 | POSITIVE | M has a high relative strength, it outperformed 84.66% 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) | 55.58 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests M has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.53 | 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) | 19.81 | NEGATIVE | The low ADX value for M suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.16 | 20.85 | 3.31 (13.70%) | 7.30% |
| An entry @24.16. This is a Buy Stop order right above the resistance zone. | An exit @20.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.31 points, which is 13.70%. | When investing 7.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.41
+0.4 (+1.82%)
MACY'S INC / M FAQ
What is the ChartMill technical rating of MACY'S INC (M) stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for M stock?
MACY'S INC (M) has an RSI value of 55.5836. This indicates that the stock is currently neutral.
What is the MACD signal for M stock?
The MACD indicator for MACY'S INC (M) has a value of 0.164512, indicating a bearish trend.
What is the short term momentum for MACY'S INC (M) stock?
The short term momentum for MACY'S INC (M) is neutral.