BANCO MACRO SA-ADR (BMA)

US05961W1053 - ADR

36.23  +1.04 (+2.96%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to BMA. Both in the recent history as in the last year, BMA has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BMA is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, BMA also shows a nice and consistent pattern of rising prices.
BMA is part of the Banks industry. There are 416 other stocks in this industry. BMA outperforms 99% of them.
BMA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BMA has a been trading in the 28.68 - 37.37 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
BMA Weekly chart
BMA Daily chart
Setup Rating and Analysis

2

Although BMA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

17.38

36.59

5 important support areas can be observed.

  • Support @30.71 from a trend line in the daily time frame.
  • A support zone ranging from 29.76 to 29.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @29.28 from a trend line in the daily time frame.
  • Support @20.38 from a trend line in the weekly time frame.
  • A support zone ranging from 17.56 to 17.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.9
Mansfield3.6
10 Day High37.37
10 Day Low28.7
20 Day High37.37
20 Day Low28.68
52 Week High37.37
52 Week Low16.31
Performance
1 Week16.31%
2 Weeks25.71%
1 Month9.99%
3 Month39.78%
6 Month46.62%
12 Month74.77%
2 Year151.07%
3 Year167.18%
5 Year-28.26%
10 Year54.83%
15 Year276.61%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.32
RSI(14)71.54
LBB28
UBB35.81
BMA Daily chart

BANCO MACRO SA-ADR

NYSE:BMA (2/23/2024, 7:04:00 PM)

36.23

+1.04 (+2.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.96%
1 Week16.31%
2 Weeks25.71%
1 Month9.99%
3 Month39.78%
6 Month46.62%
12 Month74.77%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.82
ATR(20)%4.95%
ATR Inc
Range Today2.19
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High37.37
10 Day Low28.7
20 Day High37.37
20 Day Low28.68
52 Week High37.37
52 Week Low16.31
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume357.80K
Volume Incr-2.32%
Vol(5)378.26K
Vol(50)371.02K