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Advanced TA SearchArchive
- 4/26/2024 -
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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 gave back -0.10 points, or -0.54%, and closed at 18.43 on Friday, April 26, 2024. Weekly volume was -61% 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 (8.23) 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 uptrend had started on October 13, 2023 at 10.54 and reached 22.10 on March 19, 2024. M gained -11.56 points, or -109.68%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (19.91) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. M may retest the broken support line. It is considered to be a resistance 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 support 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 April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 April 11, 2024 at 20.45 and reached 18.18 on April 26, 2024. M lost 2.27 points, or 11.10%, in 15 days. The price is now at the 11.01% 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. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 below its signal line since March 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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