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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, 24 Mar 2017NoneBearish EngulfingWed, 01 Mar 2017-14.51%
***Stock database and scans are updated around midnight (New York time) every trading day.
28.17 0.00 (0%) Mar 24 4:00pm EDT
Open: 28.02 Range: 27.82 - 28.31 Vol: 4.29M Avg Vol: 9.01M
EPS: 1.99 P/E ratio: 14.16 EBITDA: 2.90B Mkt Cap: 8.57B
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 28.52
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 30.85
Last Trade is below the 50 day moving average at 30.95
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 35.32
* 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 very strong downtrend. For the last 52 weeks, M has maintained to stay firmly below the 200 day moving average for 83% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also in a trading range with a slight bullish bias. M may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a strong long term downtrend with the 200 SMA currently at 35.32. 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 $35.20* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 24 Mar 2017
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