Looks like it has reached its support "zone". Yeah its a zone because it can hit 75 as well. But in the short term it has the potential to hit 140.
Macy’s (NYSE: NYSE:M ) has been a staple of American retail for over a century, but in Q2 CY2024, the iconic department store faced a challenging environment that reflected the shifting dynamics of consumer behavior and broader economic trends. Despite delivering a robust earnings performance, Macy’s sales struggled, leading to a revised outlook that has left...
If you haven`t sold M before the previous earnings: Now analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week, I would consider purchasing the 17usd strike price Calls with an expiration date of 2024-8-30, for a premium of approximately $1.47. If these options prove to be profitable prior to the earnings release, I...
As we approached the 2nd half of the year -- the season for buying personal stuff (and giving) is definitely ON. And this past few days is a testament of that as MACY's is registering massive net buy volume. On June 2, the stock net positive volume increased by a whopping +60% from its average numbers signifying an impending price shift to the upside. Daily...
If you haven`t bought M before the previous earnings: Then analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week, I would consider purchasing the 17usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $1.49. If these options prove to be profitable prior to the earnings...
In a bid to secure a higher offer from Macy's ( NYSE:M ), investor Arkhouse Management has disclosed ongoing talks with the department store giant for access to due diligence materials. The move comes in response to Macy's characterization of the latest offer as "less than compelling," signaling a potential escalation in the battle for control over the iconic...
Analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week, I would consider purchasing the 20usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $2.36. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Macy's Inc. (NYSE: NYSE:M ) announced a comprehensive restructuring plan on Tuesday, including store closures and cost-saving measures, alongside a forecast for annual sales and profit below expectations. Store Closures and Cost-Saving Measures The department store giant revealed plans to shutter approximately 150 stores through 2026, aiming to streamline...
Macy has positive earnings report and even after that I am confident because of charts OfCourse that $22.5 should be easy for Macys.
Macy's have recently made headlines with significant job cuts, signaling a strategic shift amidst a rapidly changing market. While job cuts often raise concerns, savvy investors may recognize these moves as part of a broader transformation strategy. This article delves into the recent developments at Macy's, shedding light on the potential opportunities that lie...
As you can see here, we are approaching a major imbalance on the hourly chart. I will be looking on the 15 minute chart for a heavy bounce off with good volume and hold it until close for a day trade. As always, thank you for viewing my analysis. #macys #puts #scalp
Macy is holding above a Support Zone with MACD Bullish Divergence at a Bullish Gartley PCZ and is now trying to crack above $11.50 if it gets above $11.50 it will probably see $20 relatively quickly.
if it takes out that neckline. "Macy's founded in 1858. It is the largest department store company by retail sales in the United States as of 2015. Macy's operates with over 700 stores in the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan. The company had 130,000 employees and earned annual revenue of...
Target is another example of the so-called "contrarian" trade that circulates on financial social media where, somehow, everyone puts on their VERY SMART PERSON baseball caps and gets long because it MUST BE TIME FOR THE MOTHER OF ALL SHORT SQUEEEEEEEEEEEZES. And yet time and time again it never works. Paypal is a really fine example. Paypal - Going Long In a...
Analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to...
As can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat resulting in first an uptrend and then a sideways price movement for a month and a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP anchored in April while the dynamic resistance has been two standard deviations above that represented by...
Here is my future outlook of Macy's Stock Price action.
Trend: Below 50,100 and 200 EMA ADX, DI below 20 Trend seems to be weak Macro impact: Consumer cyclical stock are not a good buy Inflation impact on consumer purchase High interest impacting credit buying Recommendation: Wait for price to cross above the resistance @ 24.95 for re-assessment