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Downtrend ExhaustionArchive
- 4/4/2025 -
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Macy's Inc. (M) Technical Analysis
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| Summary:
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| | It was the negative week for the Macy's Inc. (M). During the week, the M dropped -1.43 points, or -11.16%, and closed at 11.38 on Friday, April 4, 2025. It was the worst weekly loss since January 17, 2025. Weekly volume was 66% above average.
M is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See M long-term trend chart]
A long-term downtrend had started on March 19, 2024 at 22.10 and reached 10.77 on April 4, 2025. M lost 11.33 points, or 51.27%, in 54 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 7.92 and resistance is at 16.75. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See M medium-term trend chart]
A medium-term downtrend had started on December 26, 2024 at 18.13 and reached 10.77 on April 4, 2025. M lost 7.36 points, or 40.60%, in 14 weeks. The price is now at the 8.29% retracement level.
 Weekly Technical Indicators: [See M weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 31, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See M short-term trend chart]
A short-term downtrend had started on March 10, 2025 at 14.43 and reached 10.77 on April 4, 2025. M lost 3.66 points, or 25.36%, in 25 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See M daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.
The daily MACD line is below its signal line since March 27, 2025. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
 Candlestick pattern: [See M candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.
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