MACY S INC - 1H - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
11%
11%
My opinion
Bullish above 17.17 USD
My targets
18.52 USD (+5.33%)
19.12 USD (+8.76%)
My analysis
The strong short-term increase in MACY S INC calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 17.17 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 18.52 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.12 USD as an objective. Crossing it would then enable buyers to target 19.69 USD. Caution, a return under 17.17 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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This analysis was given by imlongcat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MACY S INC rating is 17.58 USD. The price has increased by +4.27% since the last closing and was between 17.09 USD and 17.83 USD. This implies that the price is at +2.87% from its lowest and at -1.40% from its highest.17.09
17.83
17.58
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this MACY S INC chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.68 | 16.50 | 17.17 | 17.58 | 17.64 | 19.12 | 19.69 |
| Change (%) | -10.81% | -6.14% | -2.33% | - | +0.34% | +8.76% | +12.00% |
| Change | -1.90 | -1.08 | -0.41 | - | +0.06 | +1.54 | +2.11 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.43 | 16.76 | 17.17 | 17.50 | 17.91 | 18.24 | 18.65 |
| Camarilla | 17.38 | 17.44 | 17.51 | 17.58 | 17.65 | 17.72 | 17.78 |
| Woodie | 16.47 | 16.78 | 17.21 | 17.52 | 17.95 | 18.26 | 18.69 |
| Fibonacci | 16.76 | 17.04 | 17.22 | 17.50 | 17.78 | 17.96 | 18.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.58 | 15.15 | 16.05 | 17.62 | 18.52 | 20.09 | 20.99 |
| Camarilla | 16.26 | 16.49 | 16.71 | 16.94 | 17.17 | 17.39 | 17.62 |
| Woodie | 13.24 | 14.98 | 15.71 | 17.45 | 18.18 | 19.92 | 20.65 |
| Fibonacci | 15.15 | 16.10 | 16.68 | 17.62 | 18.57 | 19.15 | 20.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.88 | 16.27 | 17.61 | 19.00 | 20.34 | 21.73 | 23.07 |
| Camarilla | 18.21 | 18.46 | 18.71 | 18.96 | 19.21 | 19.46 | 19.71 |
| Woodie | 14.87 | 16.26 | 17.60 | 18.99 | 20.33 | 21.72 | 23.06 |
| Fibonacci | 16.27 | 17.31 | 17.95 | 19.00 | 20.04 | 20.68 | 21.73 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.42 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 12.91 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 17.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.07 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 16.72 | |
| Zig ZAG (10): | 17.58 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 87.93 | |
| TEMA (21): | 17.55 | |
| Williams %R (14): | -13.30 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 15.56 |
| MA7: | 17.38 | |
| MA20: | 18.23 | |
| MA50: | 18.29 | |
| MA100: | 17.60 | |
| MAexp7: | 17.46 | |
| MAexp20: | 17.16 | |
| MAexp50: | 17.36 | |
| MAexp100: | 17.73 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | -3.57% | |
| Price / MA50: | -3.88% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | +0.69% | |
| Price / MAexp20: | +2.45% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | -0.85% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The last news published on MACY S INC at the time of the generation of this analysis was as follows:
- Macy’s Launches ‘And Now This’ for the Fashion-Forward, Contemporary Shopper
-
Macy’s 4th of July Fireworks Returns to New York City
- It Starts With A Spark! Macy’s 4th of July Fireworks® The Nation’s Largest Independence Day Celebration Is Back Live From New York City
- Celebrate Great Dads This Father’s Day with Amazing Gifts from Macy’s
- Macy’s Honors National LGBTQ Pride Month
This member declared not having a position on this financial instrument or a related financial instrument.
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