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Uptrend SupportArchive
- 7/19/2024 -
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Macy's Inc. (M) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Macy's Inc. (M). During the week, the M dropped -2.72 points, or -14.25%, and closed at 16.37 on Friday, July 19, 2024. Weekly volume was 20% 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 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 (7.24) is broken. A broken support is considered to be a long-term bullish signal. 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 downtrend had started on March 19, 2024 at 22.10 and reached 16.07 on July 15, 2024. M lost 6.03 points, or 27.29%, in 16 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See M weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 July 5, 2024 at 20.47 and reached 16.07 on July 15, 2024. M lost 4.40 points, or 21.49%, in 10 days. The price is now at the 6.82% retracement level.
 Daily Technical Indicators: [See M daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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