MACY S INC

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	M
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MACY S INC - Daily - Technical analysis published on 11/27/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Bearish

De fond: Strongly bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 17.49 USD

My targets

14.37 USD (-6.51%)

5.68 USD (-63.04%)

My analysis

The bearish basic trend is very strong on MACY S INC but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 17.49 USD. Crossing the first support at 14.37 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 5.68 USD as an objective. Caution, a return to above the resistance located at 17.49 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

FORCE

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MACY S INC rating 15.37 USD. On the day, this instrument lost -1.22% and was between 15.36 USD and 15.85 USD. This implies that the price is at +0.07% from its lowest and at -3.03% from its highest.

15.36

15.85

15.37

Here is a more detailed summary of the historical variations registered by MACY S INC:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of MACY S INC in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found this result concerning these indicators:

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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	5.68	14.37	15.37	17.49	20.43	23.29
Change (%)	-63.04%	-6.51%	-	+13.79%	+32.92%	+51.53%
Change	-9.69	-1.00	-	+2.12	+5.06	+7.92
Level	Intermediate	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.64	14.89	15.22	15.47	15.80	16.05	16.38
Camarilla	15.40	15.45	15.51	15.56	15.61	15.67	15.72
Woodie	14.69	14.91	15.27	15.49	15.85	16.07	16.43
Fibonacci	14.89	15.11	15.25	15.47	15.69	15.83	16.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.59	12.94	14.19	15.54	16.79	18.14	19.39
Camarilla	14.72	14.95	15.19	15.43	15.67	15.91	16.15
Woodie	11.53	12.92	14.13	15.52	16.73	18.12	19.33
Fibonacci	12.94	13.94	14.55	15.54	16.54	17.15	18.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.13	13.12	14.14	15.13	16.15	17.14	18.16
Camarilla	14.61	14.79	14.98	15.16	15.34	15.53	15.71
Woodie	12.15	13.13	14.16	15.14	16.17	17.15	18.18
Fibonacci	13.12	13.89	14.36	15.13	15.90	16.37	17.14

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.65
MACD (12,26,9):	-0.0800
Directional Movement:	-4.74
AROON (14):	-28.57
DEMA (21):	15.60
Parabolic SAR (0,02-0,02-0,2):	16.45
Elder Ray (13):	-0.01
Super Trend (3,10):	16.89
Zig ZAG (10):	15.37
VORTEX (21):	0.9500
Stochastique (14,3,5):	42.56
TEMA (21):	15.55
Williams %R (14):	-60.52
Chande Momentum Oscillator (20):	-0.51
Repulse (5,40,3):	-0.1800
ROCnROLL:	2
TRIX (15,9):	0.0400
Courbe Coppock:	4.42

MA7:	15.42
MA20:	15.79
MA50:	15.55
MA100:	16.97
MAexp7:	15.48
MAexp20:	15.66
MAexp50:	15.91
MAexp100:	17.02
Price / MA7:	-0.32%
Price / MA20:	-2.66%
Price / MA50:	-1.16%
Price / MA100:	-9.43%
Price / MAexp7:	-0.71%
Price / MAexp20:	-1.85%
Price / MAexp50:	-3.39%
Price / MAexp100:	-9.69%

News

Don"t forget to follow the news on MACY S INC. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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