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Macy's Inc Common Stock (M) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Department/Specialty Retail Stores
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 28 Apr 2017NoneShooting StarWed, 19 Apr 20170.45%
***Stock database and scans are updated around midnight (New York time) every trading day.
29.22 0.00 (0%) Apr 28 4:00pm EDT
Open: 29.47 Range: 29.03 - 29.51 Vol: 4.26M Avg Vol: 7.64M
EPS: 1.99 P/E ratio: 14.68 EBITDA: 2.90B Mkt Cap: 8.89B
Analyze "M" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 29.33
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 29.29
Last Trade is below the 50 day moving average at 30.25
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 34.84
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of M

Stock Trend Analysis - Buy, Sell or Hold "Macy's Inc Common Stock" (M)?

M is in a long term downtrend and it has traded about 78% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 7.6M shares changing hands. The medium term trend for M is extremely bearish and weak, having traded almost 85% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as M has been trading below its 20 SMA for 72.5% of the time in the last 8 weeks. As M is in a downtrend characterized by the 200 SMA, currently at 34.84, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "M".

The analyst consensus estimates for the 1 year price target for this stock is $34.21* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 28 Apr 2017
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