MAC bounce on the hourlyMAC has been in a strong uptrend since the 52 week lows. Had a big move up in December. Consolidating. Been recently making higher lows in a tightening range. Looking for a bounce and the next leg up.
www.tradingview.com
Next report date
Report period
Q1 2024
EPS estimate
−1.44MXN
Revenue estimate
3.40 BMXN
−11.07MXN
−4.67 BMXN
14.97 BMXN
214.21 M
About MACERICH CO
Sector
Industry
CEO
Jackson Hsieh
Website
Headquarters
Santa Monica
Employees (FY)
655
Founded
1964
FIGI
BBG000C6GPP2
Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management, and leasing of regional and community shopping centers located throughout the United States. The company was founded by Mace Siegel Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola in 1964 and is headquartered in Santa Monica, CA.
MAC - Falling Wedge Completing Double BottomFalling Wedge is apparent on this daily chart
It fits in nicely because it is right where a second bottom is expected for a double bottom , and the bullish nature of falling wedges fixes this problem
Green up channel should roughly be maintained
MAC had a huge accumulation! Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally uptrend and locally range
3. The level confirmed by a few touches
4. Huge accumulation in the range
5. Great potential 1 to 13.5 risk/reward
6. The price came from above
7. Rep
MAC DailyNYSE:MAC looking good with a bullish engulfing bar today with MACD confirmation and a chart that is making higher lows.
MAC - GREAT SETUP HERE FOR A WAVE HIGHERSEE CHART - Looking for 18.60 - 19.85. Will keep a SL on this one at 15.47
MAC Long Downtrend Channel Breakout
SMA50 as support
OBV > OBV Avg34
Williams %R crossed -50
Entry 12.75
Stop 10
Target 24
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Macerich's moves to improve its portfolio quality were necessaryAnalysts are decreasing fair value estimate to $29.50 per share from $32.50 per share after incorporating fourth-quarter results and adjusting our assumptions for the impact of the coronavirus.
MAC: cup and handleMacerich has formed a large cup and handle. Look for an upside move beyond the old dashed resistance line and into the descending channel, which it broken out of during the corona crash.
OTM call volume exceeded open interest by a large factor on Tuesday, March 9.
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