MACERICH CO/THE (MAC)       12.66  +0.27 (+2.18%)

12.66  +0.27 (+2.18%)

US5543821012 - REIT

Technical Rating

8

We assign a technical rating of 8 out of 10 to MAC. Although MAC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
MAC is one of the better performing stocks in the Equity Real Estate Investment Trusts (REITs) industry, it outperforms 81% of 219 stocks in the same industry.
In the last month MAC has a been trading in the 11.48 - 13.53 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.
MAC has an average volume of 2746740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MAC is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MAC is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 1.81% 25.66% 23.90% -30.59% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 70.24 7.4 - 19.18
MAC Weekly chart
MAC Daily chart

Support/Resistance Analysis


12.18

13.82
When analyzing the support we notice one important area.
  • A support zone ranging from 12.30 to 12.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 12.72 to 12.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 13.15 to 13.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @13.68 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

MAC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 12.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MAC in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
12.8612.290.57 (4.43%)22.56%
An entry @12.86. This is a Buy Stop order right above the resistance zone.An exit @12.29. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.57 points, which is 4.43%.When investing 22.56% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of MAC. Please evaluate whether better entry and exit points can be found.
  • 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.
MAC Daily chart

MACERICH CO/THE12.66

NYSE:MAC (12/7/2022, 9:59:03 AM)+0.27 (+2.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Real Estate
GICS Industry Equity Real Estate Investment Trusts (REITs)
Performance
Today 2.18% 1 Week -4.47%
2 Weeks -4.77% 1 Month 1.81%
3 Month 25.66% 6 Month 23.9%
Volatility
ATR(14) 0.44 ATR(20)% 3.97%
ATR Inc -36.19% Range Today 0.42
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 70.24 Mansfield 0.49
10 Day High 13.28 10 Day Low 12.19
20 Day High 13.53 20 Day Low 11.48
52 Week High 19.18 52 Week Low 7.4
CS1 End 12.38 CR1 Start 12.72
Volume & EV
DER(3) 3.09% DER(5) 2.54%
Volume 384.15K Volume Incr -28.25%
Vol(5) 1.92M Vol(50) 2.75M

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