BANCO MACRO SA-ADR (BMA) Stock Technical Analysis
NYSE:BMA - New York Stock Exchange, Inc. - US05961W1053 - ADR - Currency: USD
Taking everything into account, BMA scores 2 out of 10 in our technical rating. BMA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
BMA is part of the Banks industry. There are 392 other stocks in this industry. BMA outperforms 74% of them.
In the last month BMA has a been trading in the 62.49 - 76.03 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that BMA is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BMA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BMA is lagging the market.
The technical rating of BMA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
63.89
94.69
3 important support areas can be observed.
- A support zone ranging from 67.71 to 68.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @66.06 from a trend line in the weekly time frame.
- A support zone ranging from 64.54 to 64.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @83.02 from a trend line in the weekly time frame.
- Resistance @84.95 from a trend line in the daily time frame.
- Resistance @93.75 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BMA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMA is neutral. |
| ChartMill Relative Strength | 72.77 | POSITIVE | BMA has a high relative strength, it outperformed 72.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BMA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BMA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.89 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.04 | POSITIVE | The MACD value suggests BMA has a positive trend. |
| Stochastics (14,3) | 80.28 | OVERBOUGHT | The high Stochastics value suggests BMA may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for BMA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.5 | NEUTRAL | The ADX value for BMA suggests a possible start of a new trend. |
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)
75.71
+2.87 (+3.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.94%
1 Week5.17%
2 Weeks11.34%
1 Month7.86%
3 Month-14.03%
6 Month-18.87%
12 Month43.17%
2 Year184.09%
3 Year436.57%
5 Year299.53%
10 Year69.15%
15 Year100.34%
Volatility
ATR(14)3.05
ATR(20)%3.96%
ATR Inc12.89%
Range Today3.08
ADR(20)2.92
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.77
Mansfield-1.38
10 Day High76.04
10 Day Low67
20 Day High76.04
20 Day Low62.49
52 Week High118.42
52 Week Low50.71
CS1 End68.83
CR1 Start83.02
Volume & EV
DER(3)0.52%
DER(5)0.41%
Volume428.26K
Volume Incr-20.91%
Vol(5)285.81K
Vol(50)343.77K