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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, 17 Nov 2017NoneBearish EngulfingMon, 13 Nov 20175.28%
***Stock database and scans are updated around midnight (New York time) every trading day.
20.35 0.00 (0%) Nov 17 4:00pm EST
Open: 20.68 Range: 20.24 - 20.94 Vol: 14.01M Avg Vol: 10.49M
EPS: 2.20 P/E ratio: 8.53 EBITDA: 2.66B Mkt Cap: 5.71B
Analyze "M" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 19.92
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 19.55
Last Trade is below the 50 day moving average at 20.55
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 24.56
* 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 89% 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 showing some signs of weakness as M has been trading below its 20 SMA for 62.5% of the time in the last 8 weeks. As M is in a downtrend characterized by the 200 SMA, currently at 24.56, 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 $23.75* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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