BANCO MACRO SA-ADR (BMA) Technical Analysis
NYSE:BMA • US05961W1053
Taking everything into account, BMA scores 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 83% of all other stocks performed better in the past year than BMA.
- BMA is part of the Banks industry. There are 381 other stocks in this industry, of which 93% are performing better than BMA.
- In the last month BMA has a been trading in the 68.39 - 95.60 range, which is quite wide. It is currently trading near the lows of this range.
- 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.
- Volume is considerably higher in the last couple of days.
BMA has a poor technical rating and the quality of the setup is also only medium 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
69.45
We found 1 important support area.
- A support zone ranging from 70.15 to 70.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 73.59 to 74.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 82.02 to 82.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @100.60 from a trend line in the weekly 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 | 17.58 | NEGATIVE | BMA has a low relative strength, it was outperformed by 82.42% 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) | 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) | 31.94 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests BMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.93 | OVERSOLD | The low Stochastics value suggests BMA may be oversold. |
| Average True Range in percent/ATR (20) | 7.26 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for BMA suggests a strong trend. |
BMA Technicals: Chart, Performance Metrics, Trend & Indicators
70.16
-4.56 (-6.1%)
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 0 / 10 to BMA.
What is the trend direction for BMA stock?
The current trend direction for BANCO MACRO SA-ADR (BMA) is Bearish.
Can you provide the RSI signal for BANCO MACRO SA-ADR?
BANCO MACRO SA-ADR (BMA) has an RSI value of 31.9356. This indicates that the stock is currently neutral.
What is the MACD signal for BMA stock?
The MACD indicator for BANCO MACRO SA-ADR (BMA) has a value of -0.801663, indicating a bearish trend.
Can you provide the support and resistance levels for BANCO MACRO SA-ADR?
BANCO MACRO SA-ADR (BMA) has a support level at 70.15 and a resistance level at 73.59. Check the full technical report for our detailed analysis of BMA support and resistance levels.