BANCO MACRO SA-ADR (BMA) Technical Analysis
NYSE:BMA • US05961W1053
Current stock price
BMA Technical Rating and Analysis
Overall BMA gets a technical rating of 3 out of 10. 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.
- BMA is one of the lesser performing stocks in the Banks industry. 83% of 380 stocks in the same industry do better.
- In the last month BMA has a been trading in the 65.00 - 79.50 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, BMA outperforms 41% of them, which is more or less in line with the market.
- BMA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BMA is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BMA Weekly and Daily overview Charts
BMA Setup Rating and Analysis
BMA has a poor technical rating and the quality of the setup is also not perfect 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
BMA Support and Resistance Analysis
65.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 68.56 to 70.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.64 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 77.47 to 78.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @99.95 from a trend line in the weekly time frame.
BMA Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for BMA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMA is neutral. |
| ChartMill Relative Strength | 41.07 | NEUTRAL | BMA is not amongst the best or worst performers 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 | NEGATIVE | The current price of BMA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.79 | POSITIVE | The MACD value suggests BMA has a positive trend. |
| Stochastics (14,3) | 90.49 | OVERBOUGHT | The high Stochastics value suggests BMA may be overbought. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for BMA suggests a possible start of a new trend. |
BMA Chart- and CandleStick Pattern Analysis
BMA Technicals: Chart, Performance Metrics, Trend & Indicators
77.46
-0.45 (-0.58%)
BANCO MACRO SA-ADR / BMA TA FAQ
What is the ChartMill technical rating of BANCO MACRO SA-ADR (BMA) stock?
ChartMill assigns a technical rating of 3 / 10 to BMA.
What is the trend direction for BMA stock?
The current trend direction for BANCO MACRO SA-ADR (BMA) is Bearish.
What is the RSI signal for BMA stock?
BANCO MACRO SA-ADR (BMA) has an RSI value of 54.7631. This indicates that the stock is currently neutral.
What is the short term momentum for BMA stock?
The short term momentum for BANCO MACRO SA-ADR (BMA) is neutral.
What are the support and resistance levels for BANCO MACRO SA-ADR (BMA) stock?
BANCO MACRO SA-ADR (BMA) has a support level at 70.91 and a resistance level at 77.47. Check the full technical report for our detailed analysis of BMA support and resistance levels.