BANCO MACRO SA-ADR (BMA) Stock Technical Analysis
NYSE:BMA - New York Stock Exchange, Inc. - US05961W1053 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to BMA. Although BMA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month BMA has a been trading in the 81.00 - 99.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BMA is part of the Banks industry. There are 396 other stocks in this industry. BMA outperforms 73% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that BMA is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
BMA has an average technical rating and it also does not offer a high 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
62.87
97.51
4 important support areas can be observed.
- A support zone ranging from 84.50 to 84.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.95 from a trend line in the weekly time frame.
- Support @67.83 from a trend line in the daily time frame.
- Support @63.50 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 94.32 to 94.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @96.54 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 | NEUTRAL | NEUTRAL | The long term trend for BMA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BMA is down. |
| ChartMill Relative Strength | 84.44 | POSITIVE | BMA has a high relative strength, it outperformed 84.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BMA is below the rising 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) | 41.12 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.15 | NEGATIVE | The MACD value suggests BMA has a negative trend. |
| Stochastics (14,3) | 15.32 | OVERSOLD | The low Stochastics value suggests BMA may be oversold. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.88 | NEGATIVE | The low ADX value for BMA suggests a weak or negative 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)
84.51
-0.18 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.21%
1 Week-9.13%
2 Weeks-8.27%
1 Month-0.88%
3 Month0.86%
6 Month-0.46%
12 Month27.49%
2 Year381.26%
3 Year430.84%
5 Year392.48%
10 Year70.66%
15 Year210.13%
Volatility
ATR(14)4.41
ATR(20)%5.05%
ATR Inc11.13%
Range Today2.66
ADR(20)4.12
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.44
Mansfield0.53
10 Day High99.39
10 Day Low82.36
20 Day High99.39
20 Day Low81
52 Week High118.42
52 Week Low42.23
CS1 End84.5
CR1 Start94.32
Volume & EV
DER(3)-2.9%
DER(5)-3.42%
Volume380.20K
Volume Incr2.5%
Vol(5)304.04K
Vol(50)356.56K