Macy's heads lower in weaker retail environment, levels to watch The price action since September when viewed on a daily chart has a distinct rounding top appearance. The move down in price today has broken the low of the start of that rounding formation which was at $36.94. This is bearish price action, suggesting more downside to come of greater than $5. At the current price of $36.58, next support is at $36.14, and then at $35.32. Resistance is at $36.94.