Technical Analysis for BMA - Banco Macro S.A.

Grade Last Price % Change Price Change
grade A 125.87 -0.96% -1.22
BMA closed down 0.96 percent on Tuesday, October 17, 2017, on 1.12 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Earnings due: Nov 8

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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical BMA trend table...

Date Alert Name Type % Chg
Oct 17 New 52 Week High Other 0.00%
Oct 17 NR7 Range Contraction 0.00%
Oct 17 Bearish Engulfing Bearish 0.00%
Oct 16 New 52 Week High Other -0.96%
Oct 16 New 52 Week Closing High Bullish -0.96%

Older signals for BMA ...

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Basic chart:

Profile
Banco Macro S.A. provides banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, car loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfer services. The company also provides personal loans, document discounts, mortgages, overdrafts, pledged loans, and credit card loans to retail customers. Its corporate banking products and services include deposits, lending, check cashing advances and factoring, guaranteed loans, and credit lines for financing foreign trade, and cash management services. Further, the company offers trust, payroll, and financial agency services, as well as corporate credit cards; transaction services, such as cash management, customer collections, payments to suppliers, payroll administration, foreign exchange transactions, foreign trade services, corporate credit cards; information services, such as Datanet and Interpymes services to corporate customers; and Internet banking services. It operates a network of 408 branches and 836 automated teller machines. Banco Macro S.A. is headquartered in Buenos Aires, Argentina.
Is BMA a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 127.84
52 Week Low 61.12
Average Volume 211,997
200-Day Moving Average 90.3274
50-Day Moving Average 107.5249
20-Day Moving Average 118.571
10-Day Moving Average 123.934
Average True Range 3.1381
ADX 46.88
+DI 33.86
-DI 8.92
Chandelier Exit (Long, 3 ATRs ) 118.4257
Chandelier Exit (Short, 3 ATRs ) 112.7643
Upper Bollinger Band 131.7283
Lower Bollinger Band 105.4137
Percent B (%b) 0.78
BandWidth 22.193116
MACD Line 5.6566
MACD Signal Line 5.4472
MACD Histogram 0.2094
Fundamentals Value
Market Cap 8.29 Billion
Num Shares 65.8 Million
EPS 6.25
Price-to-Earnings (P/E) Ratio 20.14
Price-to-Sales 5.99
Price-to-Book 3.90
PEG Ratio 0.89
Dividend 1.51
Dividend Yield 1.20%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 129.49
Resistance 3 (R3) 129.61 128.53 128.88
Resistance 2 (R2) 128.53 127.61 128.47 128.68
Resistance 1 (R1) 127.20 127.04 126.66 127.08 128.48
Pivot Point 126.12 126.12 125.85 126.06 126.12
Support 1 (S1) 124.79 125.20 124.25 124.67 123.26
Support 2 (S2) 123.71 124.63 123.65 123.06
Support 3 (S3) 122.38 123.71 122.86
Support 4 (S4) 122.26