The price of Macy’s, Inc. (NYSE:M) over the past year has decreased -26.40% while the S&P 500 has increased 18.38%. During the past 20 days, M has increased 26.59% while the broad market has increased 2.67%. M ‘s 20-day moving average currently sits below its 100-day moving average. This is a bearish signal that suggests the stock price might have farther to fall. M’s average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of M’s future price movements.

Recent trading patterns in the stock of Macy’s, Inc. (M) have investors on high alert. The idea that stock performance can best be predicted by analyzing past trading data is a widely held view among financial professionals. In the case of M, the data could have some interesting implications for future performance. In the most recent quarter, institutional ownership increased by a net of 281396 shares, or 0.11%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for M overall.280 holders increased their positions, 245 decreased their positions, and 76 holders held their positions.

Among institutions that increased their positions, 82 were new positions. Among holders that decreased their positions, 66 sold out of the stock Macy’s, Inc.. Insider ownership during the latest quarter decreased by a net of 0 shares, indicating that M’s key executives are feeling more bearish about the stock than they did three months ago. Insider ownership during the last year has increased by a net of 28256 shares. 50% of insider trades in the last 12 months were buys, and 50% were sells.

Macy’s, Inc. (NYSE:M) has a 20-day RSI of 68.09%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. M’s 9-day MACD currently sits below the 20-day MACD, indicating that M’s upside momentum has decreased during the last three weeks. This suggests that the trend might soon reverse. M’s average trading volatility during the past few weeks is 11.21% higher than the average volatility over the past 100 days. This means that the stock’s daily price swings have been more extreme in recent times compared to the past.

Analysts expect Macy’s, Inc. (M) to generate earnings per share of $3.39 in 2017. This works out to an increase of 9.00% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for M on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.31 or a Hold. Three months ago, analysts assigned M a 3.55 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.