Is Poised For Growth? Macerich Company (MAC), Valley National Bancorp (VLY)

Macerich Company (NYSE:MAC) has its shares plummet by -48.76% or $28.36 from its all-time high of $58.16, with MAC attaining that price back on September 06, 2018. The drop in the price of the shares saw it stand at $29.8 per share. MAC has been trading at a low of $27.54 over the past one year but it surged by 8.21% or $2.26 to reach the $29.8 mark. Following the massive rise in stock price, MAC received more attention from investors and analysts. On Thursday, the stock plunged by 3.11%, which caused investors and analysts to excite about it. Following the plunge in price, the MAC beta stands at 0.79, implying that its volatility level has gone down by 0.21 back of the general market. A look at the stock’s 200-day moving average shows that it is -25.73% below while its 50-day moving average shows that it is currently -5.1% below. Compared to 2.83% average daily volatility of past month, the stock’s average volatility for this week has decreased by -0.55 as the volatility level currently stands at 2.28%.

Over the past seven days, the stock has witnessed a price surge by 5.37%. This massive rise in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -48.07% during that time frame and is now down by -31.15% since this point this year. MAC has fell by -3.65% over the past 30 days, with its equity price losing% of its value over the past ninety days. These figures add up to see the stock record a shortfall of -29.96% over the past six months.

The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 50.27 points. The trading volume now standing at 2639557 shares. The increase of 769557 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of MAC was 1870000 shares, which is more than 1.41 times higher than its usual trading volume.

Valley National Bancorp has seen its stock (NASDAQ:VLY) surge by $0.29 or 2.83% to currently trade at $10.52. This rise in the price of the stock has seen it establish a strong support at $10.37 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $10.21 would be bad for VLY as it would mean that the stock has lost 2.95% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $10.66 would see it surge even higher. VLY would attempt to surge past the upward resistance point which is set at $10.79 a share. VLY has an average volatility of 2.31% over the past 30 days, while it has gained 19.96% of its value compared to its 52-weeks low point which stands at $8.42 on Dec 26, 2018. In the same breath, VLY has lost 1.62% compared to its 52-weeks high point which currently stands at $10.35 a share reached on Sep 11, 2018.

Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $11.71/share over the next 12 months. If that happens, then VLY would witness a 11.31% rise from its current price. The price of the stock has been moving between $10.35 and $10.64. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $11 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $13.

The stock is currently neutral as its Stochastic Oscillator (%D) is at 56.58%, which implies that a stability in price will be experienced for a while. Its shares P/S ratio is below the industry average and below the wider market, as VLY’s P/S ratio currently stands at 2.76. The stock’s estimated price-earnings (P/E) multiple is 10.37 which is also below the 12-month price-earnings (P/E) which stands at 10.89. Valley National Bancorp has experienced a rise in its earnings, recording an increase rate of 2.3% in each quarter over the past five years.