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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, M is showing a nice and steady performance.
M 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 very little resistance above the current price.
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19.21
4 important support areas can be observed.
- A support zone ranging from 22.13 to 22.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.97 from a trend line in the daily time frame.
- Support @19.92 from a trend line in the weekly time frame.
- Support @19.40 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 | 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 | 91.25 | POSITIVE | M has a high relative strength, it outperformed 91.25% 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) | 62.65 | NEUTRAL | The RSI value for M is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests M has a negative trend. |
| Stochastics (14,3) | 60.04 | NEUTRAL | The Stochastics value for M is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for M suggests some volalility. |
| Average Directional Index/ADX (14) | 39.66 | 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 |
|---|---|---|---|
| 24.42 | 22.12 | 2.30 (9.42%) | 10.62% |
| An entry @24.42. This is a Buy Stop order right above the 10 day high. | An exit @22.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.30 points, which is 9.42%. | For a 1.00% total portfolio risk, you can invest 10.62% 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.
23.36
+0.23 (+0.99%)
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 62.6475. 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 22.43. Check the full technical report for our detailed analysis of M support and resistance levels.