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MACYS, INC. DL-,01MACYS, INC. DL-,01MACYS, INC. DL-,01

MACYS, INC. DL-,01

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8.5.17 | M | Bearish Continuation to SupportM | Basic setup, Price is trading in a sideways channel between major support and resistance lines. Currently price has formed a downward moving channel bouncing off the top of the range. There is Fibonacci confluence at the .318% line if price closes below this it is indicating a bearish reversal all the way to support of the channel. A close outside the .618% line will be confirmation of a selloff to support. The indicators are also signaling a bearish move. A close below the .318% line can be used as an entry and a stop should be placed using daily volatility or the 8 EMA, if you're using stops. Footnote | Macy's led the retail industry last quarter I believe we can expect the same this quarter, look for Macy's Q2 earnings report this week and any other news in relation to retail.
NYSE:MShort
by TrilogyAnalysis
Contrary To Some Analysts; Gains Ahead For Macy'sMacy's has been in a bearish downtrend since late 2015. Although the overall trend is down, the stock does cycle up and down throughout the trend. On May 19, the stock bounced off support and should slightly cycle up over the course of the next month and a half. This is the first indicator the stock should move up. With mixed earnings from retail out of the way for now, the following points will highlight why the stock should move upward. When we take a look at other technical indicators, the relative strength index (RSI) is at 27.2540. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is overbought and due to drop. This indicator has recently exited oversold territory. The stock is due to slowly move, or move up over the next few weeks. This is the second indicator of potential upward movement. The true strength index (TSI) is currently -35.5789. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current movement has the stock moving down. The positive vortex indicator (VI) is at 0.7106 and the negative is at 1.2909. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. Currently both indicators are at extreme levels which typically lead to a reversal of the stock. The positive indicator should begin to move upward while the negative indicator heads down. This is the third indicator the stock should begin moving up. The stochastic oscillator K value is 11.4677 and D value is 7.5284. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is oversold and the K has finally moved above the D. This is the fourth indication of pending near-term upward movement. Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the upside. Based on historical movement compared to current levels and the current position, the stock could gain at least 5% over the next 31 trading days if not sooner.
NYSE:M
by StockSignaler
Macys (M) might be a long, volatility is tellingFirst off, RISKY. Secondly, obviously in a downwards spiral. But it seems that earnings seem to be overstated (and the time in between). So this begs the question. Will this go up before earnings or on earnings? Id think yes. So I might be looking to open an order up after I check the right trade to get into. it MUST be a small position. Because this is obviously going down in the long run. BUT missing earnings doesn't seem to be the factor that decides if this gains or loses. (luckily) Check 11/10/16 missed earnings for any proof.
NYSE:MLong
by Tapia
Buy $M If it Breaks This Level, Avoid If It Does NotThere is a quick trade setup next week where investors and traders can make a fast score. It involves Macy's Inc (NYSE:M) and triggers upon a break above the $30 level. On the stock chart, you can clearly see that the $30 level was significant. If was the start of a recent collapse on Macy's Inc stock. Therefore, if buyers are able to crack that level, it will trigger buy programs and short covering, shooting it higher for a day or two. Again, it is so important that investors understand when this setup is an actual actionable trade. ONLY when it cracks $30 to the upside do you buy. As long as it stays below $30, you avoid it. The upside on this trade is $32 and will likely be achieved within days of the $30 break. On the other side, if it breaks above $30 and closes the day back below $30, exit immediately. This keeps the risk extremely small while giving great upside potential. Enjoy this setup going into the weekend. Get my live trades, verified entries, stops and targets by opting-into live on Verified Investing. Have a great weekend.
NYSE:M
by AnnabelleTrader