MACY S INC - Weekly - Technical analysis published on 11/17/2022 (GMT)
- 229
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Neutral between 17.04 USD and 22.39 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on MACY S INC. It is difficult to advise a trading direction under these conditions. The first resistance is located at 22.39 USD. The first support is located at 17.04 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by ErnestMoney. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MACY S INC rating 19.71 USD. Over 5 days, this instrument lost -2.23% with the lowest point at 19.43 USD and the highest point at 21.70 USD. The deviation from the price is +1.44% for the low point and -9.17% for the high point.19.43
21.70
19.71
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this MACY S INC chart shows a slightly bullish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Weekly
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Weekly
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4.20 | 14.11 | 19.71 | 22.39 | 27.23 | 36.25 |
| Change (%) | -78.69% | -28.41% | - | +13.60% | +38.15% | +83.92% |
| Change | -15.51 | -5.60 | - | +2.68 | +7.52 | +16.54 |
| Level | Intermediate | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.78 | 18.60 | 19.16 | 19.98 | 20.54 | 21.36 | 21.92 |
| Camarilla | 19.33 | 19.46 | 19.58 | 19.71 | 19.84 | 19.96 | 20.09 |
| Woodie | 17.64 | 18.54 | 19.02 | 19.92 | 20.40 | 21.30 | 21.78 |
| Fibonacci | 18.60 | 19.13 | 19.46 | 19.98 | 20.51 | 20.84 | 21.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.59 | 18.01 | 18.86 | 20.28 | 21.13 | 22.55 | 23.40 |
| Camarilla | 19.09 | 19.29 | 19.50 | 19.71 | 19.92 | 20.13 | 20.33 |
| Woodie | 16.31 | 17.87 | 18.58 | 20.14 | 20.85 | 22.41 | 23.12 |
| Fibonacci | 18.01 | 18.88 | 19.41 | 20.28 | 21.15 | 21.68 | 22.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.86 | 13.23 | 17.04 | 19.41 | 23.22 | 25.59 | 29.40 |
| Camarilla | 19.15 | 19.72 | 20.28 | 20.85 | 21.42 | 21.98 | 22.55 |
| Woodie | 11.58 | 13.59 | 17.76 | 19.77 | 23.94 | 25.95 | 30.12 |
| Fibonacci | 13.23 | 15.59 | 17.05 | 19.41 | 21.77 | 23.23 | 25.59 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.83 | |
| MACD (12,26,9): | -0.3500 | |
| Directional Movement: | 4.94 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 18.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.49 | |
| Elder Ray (13): | 1.55 | |
| Super Trend (3,10): | 22.57 | |
| Zig ZAG (10): | 19.71 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 74.90 | |
| TEMA (21): | 18.88 | |
| Williams %R (14): | -30.99 | |
| Chande Momentum Oscillator (20): | 1.40 | |
| Repulse (5,40,3): | -3.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7500 | |
| Courbe Coppock: | 12.46 |
| MA7: | 20.19 | |
| MA20: | 20.14 | |
| MA50: | 18.27 | |
| MA100: | 18.13 | |
| MAexp7: | 19.44 | |
| MAexp20: | 19.13 | |
| MAexp50: | 20.01 | |
| MAexp100: | 19.51 | |
| Price / MA7: | -2.38% | |
| Price / MA20: | -2.14% | |
| Price / MA50: | +7.88% | |
| Price / MA100: | +8.71% | |
| Price / MAexp7: | +1.39% | |
| Price / MAexp20: | +3.03% | |
| Price / MAexp50: | -1.50% | |
| Price / MAexp100: | +1.03% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on MACY S INC at the time of the analysis were as follows:
- Macy’s, Inc. Reports Third Quarter 2022 Results
- Macy’s, Inc. Advances Mission Every One Commitment with S.P.U.R. Pathways: Shared Purpose, Unlimited Reach - A Catalyst for Underrepresented Business Growth
- "Straight Up" - Paula Abdul Makes 1st Appearance at Macy's Thanksgiving Day Parade® on This Year's Glamorous Jennie-O Turkey Store Float
- Cue the Confetti! It’s Time to Celebrate with the 96th Macy’s Thanksgiving Day Parade®
- Macy's to Launch Multi-Year Partnership with Big Brothers Big Sisters of America This Holiday Season
This member declared not having a position on this financial instrument or a related financial instrument.
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