The Macerich Company (MAC) long.All description on the chart.
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$MAC: $9.50 Short Target -> On Watch ListFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my insights. Macerich is currently bearish, and many analyst are bidding against it. However, what is surprising is that even with bearish rating, analyst are seeing upside potential . Also, it had one of the longest bearish periods ever, which leads me to believe that this is likely to go on a potential bull run quite soon. The curve could be about to change direction.
Strong fundamentalsIt's time to catch a knife. This stock has very good fundamentals and is making good money, but has been heavily fudded. It's going to be hit by the Corona, which is why it dropped from $44 52-week high down to $7. It's basically a steal right even if their earnings are cut by a quarter. Because life resuming is difficult to gauge, it's better to buy shares and baghodl in even the virus takes longer to clear up than anticipated.
Malnourished ElephantI am tempted to buy a little bit of this for the dividends, but I don't like the slow decline in stock price over the last few years. I will keep an eye on them.
$MAC A Dismal 5 Green Monthly Candles In 3Yrs, After Short Call!On Jan 11, 2017 I posted my short on $MAC based on the changing tenor of the American consumer. The shift to online shopping was and is the greatest threat to retail in my opinion. $MAC was a highly leveraged deep in debt company that, in my opinion was in the crosshairs of industry that would be facing some serious headwinds. Rent PSF was going to plummet as anchor stores throw in the white towel.
Well... 3 years to the month and this resulting chart speaks for itself...
Now we enter a new phase in mall REIT turmoil. It's known as COVID-19. This could very well be the nail in the coffin as community gathering has significantly been reduced. Malls and mall tenants have some serious challenges before them.
MacerichMacerich is a real estate investment trust that invests in shopping malls . It is the third largest owner and operator of shopping centers in the United States. As of December 31, 2017, the company owned interests in 55 properties, including 53 million square feet of leasable space.
Dividend yield-9%! Macerich tops the list as one of the highest-yielding companies in the S&P 500. The pricing policy on dividends is determined by the tax benefits that the company receives.
For the last three quarters, the company has surpassed profitability estimates and we should not forget that commercial real estate is still a full-fledged asset that the company owns.
Powerful weekly divergence
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MAC - Short Opportunity (or Puts) for a 40% or 60% play.My friend is doing a stock pick fantasy round, so I looked at a few stocks for him.
MAC - (NYSE) - Short for 40%: Current Price @ 28, Price Target (PT) = 17, then PT2 of $10 for a 60% profit.
A commercial real estate company that is performing badly even when Real Estate sector is at an all time high? (see it compared to IYR, the american real estate ETF).Let's kick it when it's down. It's teetering at a 10 year low, and will either bounce from here or fall very sharply as REIT markets corrects over the next 1 month. You can see how much it correlates (and responds) to IYR +/- moves.
All gaps must fill at some point. You can see the green boxes where gaps started and were later filled, while the red boxes represent gaps that have not been filled. But which will be first? I don't think $70 is likely in the near future!
MAC - Flag formation long setupMAC is a possible Flag formation long setup. Money flow is very strong and trading above its short term MA lines. Looking very good as a long setup.
MAC - Bull TestFirst things first, MAC has been a thorn in the side of many a shareholders. Let´s check out the current trend on paper:
Last 5 years: - 47.78%
Last Year: - 41.47%
Last 6 Months: - 22.16%
Last 3 Months: - 4.68%
Last 1 Month: +12.77%
So you will notice the trend. Major losses, then reduced bleeding, and finally a gain. Now this all took place over a time period where the entire market has had some serious gains. So it´s valuation in comparison to the market is, in my personal opinion, severely undervalued. I know I´m not the only one who feels this way, that last month of 12.77% gains is from those who feel the same way. The company is doing there part to correct the so called retail-apocalypse. I won´t go into detail of what the company is up to, but please do quick google search to see the changes they are making.
But that doesn´t really tell us the whole story. I think the chart is enough to make the case clear. I´m not calling a bottom, but just pointing out the setup. We will probably see some range trading, created by the support/resistance lines. I could easily see it touch either line two times minimum before making it´s move. So you day traders have an opportunity to play the $32 - $34 range. I don´t like this stock for range trading though. I see more moves to the positive, so suggesting sells at $34 goes directly against this long play.
I expect the upper resistance line to be broke. The high dividend stock is attracting people, since fixed income plays are basically obsolete anymore. And with more babyboomers entering retirement, making money without selling shares is important to retirees. So in short (the puns) I see MAC reversing it´s fortunes.
A breakout above the $34 resistance line validates the play, and should open the doors to the next established resistance line of $40. If the $32 support line fails, we could see another massive sell off. That is validated with a strong push through $32 with volume. I expect this to start this week, perhaps early next week, for the price to test the upper resistance. Good luck with your trades!
Disclaimer: I don´t own this stock, and do not plan on purchasing it within the next 24 hours. This is my personal opinion, and should be taking as nothing more than that. Please trade responsibly.
Mac might be washed outthis is weekly RSI, this last thrust lower puts weekly rsi at all time low, I think with retail earnings coming in stronger it could spark the dog to turn around, plus you collect ten percent rent to wait
Mac a 35-37 en menos de un mes!!Está rompiendo una bandera bajista tras esta 2-3 meses lateral en un periodo de acumulacion. Un momento bueno para entrar a la baja arriesgando menos del 3% buscando un movimiento de 15 días a la baja con una rentabilidad del 10% mínimo. La línea amarilla muestra la zona de entrada, la roja nuestro stop loss y la verde nuestro objetivo. Es posible que estemos ante una falsa rotura debido a que el volumen no ha sido algo importante aun, pero se podría dar la próxima semana.
Tenemos dos opciones desde mi punto de vista para operar este movimiento: 1, arriesgar solo el 2-3% saliendo en caso de corrección en los 42,67 y esperar buscar niveles mayores para volver a entrar, cerca de 43.85 y volver a buscar los 36-37 (12-16% de rentabilidad); 2, Arriesgar entre un 5-6% situando el stop loss en 44-45 y buscar un 13-15% hacia los 35-37.
Mi recomendación personal que coincide con mi operación es la primera y no arriesgarse a un rebote perdiendo el doble.
More pain to come....Can mall operators withstand the current headwinds?.... not with rising interest rates. That's the nail in the coffin!
Retail Bankruptcies
Negative sales environment
Store closings
Rising interest rates
Shareholders got completely hosed when management rejected SPG's 95.50 per share takeover back in 2015.
Talk about shoulda, coulda, woulda, I doubt this company will ever see 95.50 per share, ever again.
There's a total paradigm shift with the way people shop, horizontal flagship stores are seeing significant pressure from e-commerce. Sears, gone. Toy's R US, gone. RadioShack, gone. Payless, gone, and many more reducing their store footprint. The list goes on... Rue21, The Limited, Game Stop, Ascena Retail (Lane Bryant, Ann Taylor, etc) ... and on and on and on!
Mall operators are F%#@ed!!!
The PERFECT shortAMZN economy. Rising rates and more spells DOOM for mall operators. Worse then ever before!
MAC to 18-25$ in 1 year?debt like 60% market cap, if lose the last buy zone at 50$, will gonna go down, and crisis coming.
Macerich (MAC): Potential start of a new uptrendPrice has just broken out of the Ichimoku Cloud. It could be the start of a new uptrend.
The idea is to catch a new trend as early as possible and ride on it as long as possible.
No target price to hit. Go long and place a trailing stop along the way as price goes higher. Set a stop loss when you open the position.
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