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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Macy's Inc. (M) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Macy's Inc. (M). During the week, the M climbed 0.04 points, or 0.19%, and closed at 21.19 on Friday, March 15, 2024. Weekly volume was -26% below average. Long-term trend: [See M long-term trend chart] A long-term downtrend had started on November 18, 2021 at 37.95 and reached 10.54 on October 13, 2023. M lost 27.41 points, or 72.23%, in 99 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (8.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. M may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See M medium-term trend chart] A medium-term uptrend had started on October 13, 2023 at 10.54 and reached 21.75 on March 15, 2024. M gained -11.21 points, or -106.36%, in 22 weeks. Price is near the trend high. Weekly Technical Indicators: [See M weekly technical indicators chart] Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help. The weekly MACD line is above its signal line since October 27, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See M short-term trend chart] A short-term uptrend had started on February 29, 2024 at 17.11 and reached 21.75 on March 15, 2024. M gained -4.64 points, or -27.12%, in 15 days. The price is now at the 12.07% retracement level. Daily Technical Indicators: [See M daily technical indicators chart] Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since March 4, 2024. This is an indication that the short-term trend is up.
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