Macys Inc Stock Technical Analysis

M Stock  USD 21.24  0.05  0.24%   
As of the 19th of March, Macys secures the Risk Adjusted Performance of 0.0602, downside deviation of 2.27, and Mean Deviation of 1.85. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Macys Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Macys, which can be compared to its peers in the industry. Please verify Macys Inc variance, as well as the relationship between the value at risk and skewness to decide if Macys Inc is priced some-what accurately, providing market reflects its recent price of 21.24 per share. Given that Macys Inc has jensen alpha of 0.0101, we recommend you to check Macys's last-minute market performance to make sure the company can sustain itself at a future point.

Macys Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Macys, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Macys
  
Macys' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Macys Analyst Consensus

Target PriceAdvice# of Analysts
14.73Buy16Odds
Macys Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Macys analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Macys stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Macys Inc, talking to its executives and customers, or listening to Macys conference calls.
Macys Analyst Advice Details
Macys technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Macys technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Macys trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Macys Inc Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Macys Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Macys Inc Trend Analysis

Use this graph to draw trend lines for Macys Inc. You can use it to identify possible trend reversals for Macys as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Macys price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Macys Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Macys Inc applied against its price change over selected period. The best fit line has a slop of   0.02  , which indicates that Macys Inc will continue to generate solid returns. It has 122 observation points and a regression sum of squares at 12.28, which is the sum of squared deviations for the predicted Macys price change compared to its average price change.

About Macys Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Macys Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Macys Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Macys Inc price pattern first instead of the macroeconomic environment surrounding Macys Inc. By analyzing Macys's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Macys's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Macys specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2014 2020 2023 2024 (projected)
Price Earnings Ratio8.815.5148.4650.88
Short Term Coverage Ratios2.983.6935.6437.43

Macys March 19, 2024 Technical Indicators

Most technical analysis of Macys help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Macys from various momentum indicators to cycle indicators. When you analyze Macys charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Macys March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Macys stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Macys Inc is a strong investment it is important to analyze Macys' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Macys' future performance. For an informed investment choice regarding Macys Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Macys Stock analysis

When running Macys' price analysis, check to measure Macys' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macys is operating at the current time. Most of Macys' value examination focuses on studying past and present price action to predict the probability of Macys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macys' price. Additionally, you may evaluate how the addition of Macys to your portfolios can decrease your overall portfolio volatility.
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Is Macys' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macys. If investors know Macys will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macys listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.61)
Dividend Share
0.662
Earnings Share
0.38
Revenue Per Share
87.039
Quarterly Revenue Growth
(0.02)
The market value of Macys Inc is measured differently than its book value, which is the value of Macys that is recorded on the company's balance sheet. Investors also form their own opinion of Macys' value that differs from its market value or its book value, called intrinsic value, which is Macys' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macys' market value can be influenced by many factors that don't directly affect Macys' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Macys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macys' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.