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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
Wed, 16 Aug 2017NoneBearish EngulfingMon, 14 Aug 2017-1.03%
***Stock database and scans are updated around midnight (New York time) every trading day.
20.14 0.00 (0%) Aug 16 4:02pm EDT
Open: 20.47 Range: 20.11 - 20.79 Vol: 8.76M Avg Vol: 9.08M
EPS: 2.20 P/E ratio: 9.15 EBITDA: 2.74B Mkt Cap: 6.13B
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 20.41
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 22.71
Last Trade is below the 50 day moving average at 22.58
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 29.88
* 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. The medium term trend for M is also extremely bearish and weak, having traded almost 86% of the time below the 50 day moving average. The 20 day moving average is in a trading range, however, it exhibits a 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 29.88. 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 $24.29* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 16 Aug 2017
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