In this daily bar chart of JWN, below, we can see that prices peaked in January and declined into early April which is a weaker performance than the broad market. Prices have basically moved sideways the past several weeks as the future of retail remains uncertain.
JWN is below the bottom 50-day moving average line and well below the declining 200-day moving average line. The trading volume has been heavier than average since March but the direction of the On-Balance-Volume (OBV) line has been disappointing.
The Moving Average Convergence Divergence (MACD) oscillator is still below the zero line.