BANCO MACRO SA-ADR (BMA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BMA - US05961W1053 - ADR
Overall BMA gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BMA is showing a nice and steady performance.
Although BMA has an excellent technical rating, it does not present a decent entry opportunity 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.
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73.00
2 important support areas can be observed.
- Support @77.25 from a trend line in the daily time frame.
- A support zone ranging from 73.74 to 74.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @87.68 from a trend line in the weekly time frame.
- A resistance zone ranging from 89.95 to 90.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BMA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMA is up. |
| ChartMill Relative Strength | 85.97 | POSITIVE | BMA has a high relative strength, it outperformed 85.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BMA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BMA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.51 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests BMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.29 | NEUTRAL | The Stochastics value for BMA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 36.9 | POSITIVE | The high ADX value value for BMA suggests a strong trend. |
84.15
-1.63 (-1.9%)
BANCO MACRO SA-ADR / BMA FAQ
What is the ChartMill technical rating of BANCO MACRO SA-ADR (BMA) stock?
ChartMill assigns a technical rating of 8 / 10 to BMA.
Can you provide the trend direction for BANCO MACRO SA-ADR?
The current trend direction for BANCO MACRO SA-ADR (BMA) is Bullish.
Can you provide the RSI signal for BANCO MACRO SA-ADR?
BANCO MACRO SA-ADR (BMA) has an RSI value of 61.5097. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANCO MACRO SA-ADR?
The MACD indicator for BANCO MACRO SA-ADR (BMA) has a value of -0.879345, indicating a bearish trend.
What are the support and resistance levels for BANCO MACRO SA-ADR (BMA) stock?
BANCO MACRO SA-ADR (BMA) has a support level at 77.25 and a resistance level at 87.68. Check the full technical report for our detailed analysis of BMA support and resistance levels.