BANCO MACRO SA-ADR (BMA) Stock Technical Analysis
USA - NYSE:BMA - US05961W1053 - ADR
52.83 USD
-0.17 (-0.32%)
52.83 USD
0 (0%)
We assign a technical rating of 2 out of 10 to BMA. Recently some decent action could be observed, but in the medium term time frame this is still negative. BMA was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, BMA is a bad performer in the overall market: 90% of all stocks are doing better.
BMA is part of the Banks industry. There are 391 other stocks in this industry, of which 92% are performing better than BMA.
BMA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BMA has a been trading in the 38.30 - 54.92 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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
39.47
94.69
We found 2 important support areas.
- Support @41.91 from a trend line in the daily time frame.
- Support @39.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 52.84 to 53.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @56.42 from a trend line in the daily time frame.
- Resistance @72.75 from a trend line in the weekly time frame.
- Resistance @74.23 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 | UP | POSITIVE | The short term trend for BMA is up. |
| ChartMill Relative Strength | 10.82 | NEGATIVE | BMA has a low relative strength, it was outperformed by 89.18% 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 | NEGATIVE | The current price of BMA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BMA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.01 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.71 | POSITIVE | The MACD value suggests BMA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.95 | OVERBOUGHT | The high Stochastics value suggests BMA may be overbought. |
| Average True Range in percent/ATR (20) | 6.96 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.55 | 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)
52.83
-0.17 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.32%
1 Week2.5%
2 Weeks26.12%
1 Month30.67%
3 Month-18.14%
6 Month-42.14%
12 Month-27.38%
2 Year188.37%
3 Year255.76%
5 Year342.83%
10 Year-14.42%
15 Year5.98%
Volatility
ATR(14)3.37
ATR(20)%6.96%
ATR Inc5%
Range Today2.48
ADR(20)3.28
ADR(20)%6.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.82
Mansfield-3.94
10 Day High54.92
10 Day Low41.11
20 Day High54.92
20 Day Low38.3
52 Week High118.42
52 Week Low38.3
CS1 End41.91
CR1 Start52.84
Volume & EV
DER(3)4.39%
DER(5)2.05%
Volume477.32K
Volume Incr-6.1%
Vol(5)789.54K
Vol(50)707.13K