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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
Thu, 15 Jun 2017NoneMorning StarWed, 14 Jun 2017-0.13%
***Stock database and scans are updated around midnight (New York time) every trading day.
22.27 0.00 (0%) Jun 23 4:03pm EDT
Open: 22.13 Range: 21.91 - 22.32 Vol: 6.75M Avg Vol: 8.19M
EPS: 1.85 P/E ratio: 12.37 EBITDA: 2.76B Mkt Cap: 6.98B
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 30.45
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 25.05
Last Trade is below the 50 day moving average at 27.47
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 33.33
* 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 82% 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 93% 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 70% of the time in the last 8 weeks. As M is in a strong downtrend characterized by the 200 SMA, currently at 33.33, 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, although M may get a short term oversold bounce around here. 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 $25.79* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 15 Jun 2017
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