BANCO MACRO SA-ADR (BMA) Technical Analysis
NYSE:BMA • US05961W1053
Current stock price
BMA Technical Rating and Analysis
Taking everything into account, BMA scores 1 out of 10 in our technical rating. BMA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 85% of all other stocks performed better in the past year than BMA.
- BMA is one of the lesser performing stocks in the Banks industry. 93% of 376 stocks in the same industry do better.
- In the last month BMA has a been trading in the 71.27 - 83.73 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.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
BMA Weekly and Daily overview Charts
BMA Setup Rating and Analysis
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
BMA Support and Resistance Analysis
64.99
3 important support areas can be observed.
- Support @74.30 from a trend line in the weekly time frame.
- Support @72.36 from a trend line in the daily time frame.
- A support zone ranging from 65.65 to 66.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 78.03 to 78.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @80.56 from a trend line in the daily time frame.
- A resistance zone ranging from 81.99 to 82.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @99.08 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 | DOWN | NEGATIVE | The short term trend for BMA is down. |
| ChartMill Relative Strength | 15.12 | NEGATIVE | BMA has a low relative strength, it was outperformed by 84.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BMA is below 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) | 44.96 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests BMA has a negative trend. |
| Stochastics (14,3) | 14.09 | OVERSOLD | The low Stochastics value suggests BMA may be oversold. |
| Average True Range in percent/ATR (20) | 4.78 | MEDIUM VOLATILITY | The ATR as a percentage value for BMA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.42 | 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
75.45
+1.33 (+1.79%)
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 1 / 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 44.9625. 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 negative.
What are the support and resistance levels for BANCO MACRO SA-ADR (BMA) stock?
BANCO MACRO SA-ADR (BMA) has a support level at 74.3 and a resistance level at 78.03. Check the full technical report for our detailed analysis of BMA support and resistance levels.