MACY outlookTrend:
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
MACY trade ideas
Earnings watch 5/26Earnings watch 5/26:
MOV
BABA
TD
M
DLTR
MRVL
ULTA
DG
COST
JACK
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M Bearish inclined naked calls 13 May expiry (May Track 2)Whats The Plan/Trade/Thought
The Departmental Store sector was not one of my original shortlist. But I also do think my current method of shortlisting from the median of the monthly performance (both negative and positive), might not be the best. Even if the price performance meets my expectations on what I should be trading in a volatile ranging market.
Earning season did not help as part of my strategy is to stay away from earnings which are unpredictable
With nothing to show for my May shortlist. I was exploring my past trades and found that the Departmental Store sector had good prices and WAS close to how I wanted the price movement to be (within a range).
Macy’s had strong S&R lines at 28.54 and 22.97 and had lower high points
I sold calls on this as I expect it to range between the S&R points with a bearish inclination
I Feel
I felt good about this trade, confident as it met my expectations and what I was looking for.
Imagine Yourself Taking The Other Side
With the lower highs I would be worried. Also i expect some bearish movement from the Fed announcements early May
We do know that while the overall consumer sentiment has been bearish, consumer spending is up and rising. This could drive some upside
Imagine Yourself As A Neutral Observer
Given that we feel that it is a Ranging market with Strong S&R lines. I think both could be right but with interest rate increases the probabilities are more bearish
Look For New Information
No new information that I could find on Macy’s
How Do I Feel Now
Post entering the trade, I feel good especially since prices have drop with Fed Powell’s announcement on the half-point hike. I was expecting this price drop to happen in May and not this week as the half-point hike is not a surprise and has been reported before
Trade Specs
Sold 290 Calls @0.26 - Strike 31
% to Strike is 15%
ATR is 1%
BP used 75k
Max Gain: 7540
Macy's Dim FutureBrick and mortar retail has been punished by online shopping advances.
$M has seen significant erosion since 2015 ATH.
Now seeing rejection on monthly chart by the 100 & 200 EMA, testing 50 EMA in coming months.
Now, in the face of economic slowdown it's increasingly likely that the retail giant will realize further losses given declining consumer sentiment and rapidly increasing prices.
Contracting labor, continued retail shift, inflation... $M will likely revisit $5 price level this year.
So when will Macys crack $30 and beyond?On the weekly chart, Macys hasn't seen much price action. It's pretty much flat and boring. Yeah, there was a pike but it didn't last and that picture stayed the same. It's a real torture having to carry Macys' bags. So let's wait. Wait. Wait and see. Wait till it cracks $28.10 and then we can wake up and prepare to trigger.
Macy USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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$MNYSE:M
Consolidating in between key hourly supply and demand zones. Opportunity for play to either side with low liquidity zones above and below. Daily bullish RSI divergence for potential swing on a pull back.
Calls: Bounce of demand or breakout through supply
Puts: Rejection of supply or breakdown of demand
M Long Biased, 25 Feb 2022:
1)ideal entry was 22KL
3)second ideal was second day green low 25KL
4)demand zone: 22$
5)supply zone: somewhere around 30$ (not sure yet of supply zones) but strong res and historic consolidation
Scale out at 28s and Full out at 30s
Always welcoming comments and corrections!
Thank You.
ah and yes we still have time until March 10th )
Macy’s Could Be Holding SupportMacy’s rallied in late 2021. Now it may be holding support after a pullback.
The first pattern on today’s chart is the 200-day simple moving average (SMA). Notice how the department-store operator touched the line this week for the first time since November 2020.
Second, prices have formed a parallel channel this year. The pattern has a slight downward trajectory but roughly ranges between $23 and $28.
Next, the bottom of the channel is near the consolidation zone in October. It’s also slightly above the January 2021 high, which may suggest old resistance has become new support.
Finally, the fundamentals could also be positive because M’s results have beaten estimates for the last seven quarters.
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Macy USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
Three falling peaks pattern with bearish DivPretty cut and dry explination. Clearly a three falling peaks pattern with bearish div (4hr) on both MacD and RSI. I got in way higher but even at current prices it's not a bad entry to grab some puts, adjust accordingly ofc. Good luck and if you agree or disagree leave a comment, all criticism is good criticism!
MacyYou can buy Macy stocks aiming a mid-term profit!
I prefer to wait until a confirmation.
Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically)
Fair Price to Intrinsic Value: 0.91 which is a good score!
To summarize my fundamental opinion on this stock:
just good ( a little bullish )
Macy USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
M short biaseda lot going on here on this chart. its great to study from because there are so many patterns. At the same time, it makes it harder for traders to decipher which pattern to play. Over all im more short biased. the pull back almost got up to the 38 and it looks to be forming an abcd pattern on the daily with a bearish engulfing. drilling into the 4 hour we also see a head and shoulders which suggests we should go down. as for the bull side there is an inverted head and shoulders on the daily. that being said, inverses don't tend to work as much as normal ones. i wouldn't think about being long biased until the break of the 28.73 and a crack below 25.76 is where id be bearish. levels on chart for reference i would love to see macy's at the 21-21.5 area by earnings for great potential dip buy
NOT FINANCIAL ADVICE
$M Macys Inc $28.30 ⏰⏰
Ley Levels $27.25 & $28.30
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looks ready to go parabolic in my opinion 🚀Macys bouncing off local support recently and has been in a uptrend every since.
sitting right below a local resistance level, but in my opinion it breaks through and reaches price targets 1-2 in the near future.
This setup reminds me of GME before the big pump happened 🧐
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