The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Macy's Inc. (M) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtBearish Harami Candlestick
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It was a second positive week after 3 consecutive negative weeks for the Macy's Inc. (M). During the week, the M gained 1.10 points, or 5.32%, and closed at 21.76 on Friday, May 29, 2026. Weekly volume was -15% below average.

Long-term trend: [See M long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 9.76 and reached 24.41 on December 12, 2025. M gained -14.65 points, or -150.10%, in 35 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 18.08 and resistance is at 33.25. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See M medium-term trend chart]
A medium-term uptrend had started on March 19, 2026 at 16.69 and reached 22.58 on May 28, 2026. M gained -5.89 points, or -35.29%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 18.23 and resistance is at 23.00. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See M weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 16, 2026. The distance between MACD and the signal line is low and getting smaller. 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 May 15, 2026 at 17.93 and reached 22.58 on May 28, 2026. M gained -4.65 points, or -25.93%, in 13 days. The price is now at the 17.63% retracement level.

Daily Technical Indicators: [See M daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Candlestick pattern: [See M candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.75
Williams' Percentage Range (W%R) 9.20
Strong Overbought
Lane's Stochastic (%D-Slow) 90.04
Strong Overbought
Greed/Fear Indicator (GFI) 82.18
Overbought
Moving Average Converg./Diverg. (MACD) 0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.63
Williams' Percentage Range (W%R) 25.50
Lane's Stochastic (%D-Slow) 68.43
Greed/Fear Indicator (GFI) 66.41
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Monthly Trendline Resistance 23.00
Upper Bollinger Band 22.55
Daily Stochastic Crossing 22.11
Price 21.76
Weekly Stochastic Crossing 21.01
Parabolic System 20.48
20 Day Moving Average 19.74
50 Day Moving Average 19.22
Monthly Trendline Support 18.23
Yearly Trendline Support 18.08
Lower Bollinger Band 17.68
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Department Stores 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 17.93
Low Date 05/15/2026
High 22.58
High Date 05/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.93
Low Date 05/15/2026
High 22.58
High Date 05/28/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 23.00
Support 18.23
Low 16.69
Low Date 03/19/2026
High 22.58
High Date 05/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.41
High Date 12/12/2025
Low 16.69
Low Date 03/19/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 33.25
Support 18.08
Low 9.76
Low Date 04/08/2025
High 24.41
High Date 12/12/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.