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 1 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
BMA is part of the Banks industry. There are 395 other stocks in this industry, of which 64% are performing better than BMA.
In the last month BMA has a been trading in the 68.36 - 95.23 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.
When compared to the yearly performance of all other stocks, BMA outperforms 54% 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 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
62.87
95.84
When analyzing the support we can see 2 important areas.
- Support @67.74 from a horizontal line in the weekly time frame.
- Support @63.50 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 78.42 to 78.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @89.18 from a trend line in the weekly time frame.
- Resistance @91.61 from a trend line in the daily time frame.
- Resistance @94.89 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 | DOWN | NEGATIVE | The short term trend for BMA is down. |
| ChartMill Relative Strength | 54.86 | NEUTRAL | BMA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of BMA is below 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) | 26.64 | OVERSOLD | The low RSI value suggests BMA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.87 | NEGATIVE | The MACD value suggests BMA has a negative trend. |
| Stochastics (14,3) | 6.12 | OVERSOLD | The low Stochastics value suggests BMA may be oversold. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.01 | POSITIVE | The high ADX value value for BMA suggests a strong 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)
NYSE:BMA (6/24/2025, 11:06:34 AM)
71.2
+2.14 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.1%
1 Week-6.91%
2 Weeks-9.73%
1 Month-25.74%
3 Month-11.89%
6 Month-31.1%
12 Month20.46%
2 Year161.69%
3 Year516.61%
5 Year272.29%
10 Year51.45%
15 Year134.5%
Volatility
ATR(14)3.18
ATR(20)%5.17%
ATR Inc-14.77%
Range Today2.72
ADR(20)3.53
ADR(20)%4.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.86
Mansfield-1.61
10 Day High79.73
10 Day Low68.36
20 Day High95.24
20 Day Low68.36
52 Week High118.42
52 Week Low42.23
CS1 End67.74
CR1 Start78.42
Volume & EV
DER(3)1.86%
DER(5)-0.02%
Volume56.78K
Volume Incr-36.28%
Vol(5)228.58K
Vol(50)349.04K