MACY'S INC (M) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:M - US55616P1049 - Common Stock
Overall M gets a technical rating of 9 out of 10. 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.
Besides having an excellent technical rating, M also presents a decent setup pattern. 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. 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
18.87
We found 3 important support areas.
- Support @21.37 from a trend line in the daily time frame.
- Support @20.26 from a trend line in the weekly time frame.
- Support @19.06 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for M is up. |
| ChartMill Relative Strength | 86.82 | POSITIVE | M has a high relative strength, it outperformed 86.82% 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) | 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) | 50.72 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests M has a negative trend. |
| Stochastics (14,3) | 34.18 | NEUTRAL | The Stochastics value for M is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 32.65 | POSITIVE | The high ADX value value for M suggests a strong 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 |
|---|---|---|---|
| 23.34 | 22.09 | 1.25 (5.35%) | 18.70% |
| An entry @23.34. This is a Buy Stop order right above the 10 day moving average. | An exit @22.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.25 points, which is 5.35%. | For a 1.00% total portfolio risk, you can invest 18.70% of your capital in this trade. |
- 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.
22.32
-0.26 (-1.15%)
MACY'S INC / M FAQ
What is the ChartMill technical rating of MACY'S INC (M) stock?
ChartMill assigns a technical rating of 9 / 10 to M.
Can you provide the trend direction for MACY'S INC?
The current trend direction for MACY'S INC (M) is Bullish.
What is the RSI signal for MACY'S INC (M) stock?
MACY'S INC (M) has an RSI value of 50.7204. This indicates that the stock is currently neutral.
What is the buy/sell signal for MACY'S INC (M) stock?
The buy/sell signal for MACY'S INC (M) is buy as both the short term and long term trends are positive.
What is the support and resistance level for M stock?
MACY'S INC (M) has a support level at 21.37 and a resistance level at 24.15. Check the full technical report for our detailed analysis of M support and resistance levels.