Technical Analysis for BMA - Banco Macro S.A.

Grade Last Price % Change Price Change
C 27.19 3.03% 0.80
BMA closed up 3.03 percent on Friday, December 8, 2023, on 75 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Wide Bands Range Expansion 3.03%
Wide Bands Range Expansion 3.34%
Calm After Storm Range Contraction 0.59%
Wide Bands Range Expansion 0.59%
1,2,3 Pullback Bullish Bullish Swing Setup 0.70%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.70%
Calm After Storm Range Contraction 0.70%

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Banco Macro S.A. Description

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.


Sector: Financial Services
Industry: Banks - Regional - Latin America
Keywords: Banking Bank Commercial Bank Cash Management Cash Management Services Banking Products Consumer Finance Debit Card Insurance Coverage Internet Banking Services Corporate Banking Transfer Services Factoring Transaction Services Money Transfer Services Barclays Bank Of Botswana Car Loans Consumer Finance Loans Corporate Banking Products Credit Related Services Retail Product

Is BMA a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 30.3212
52 Week Low 12.0086
Average Volume 360,902
200-Day Moving Average 20.60
50-Day Moving Average 21.19
20-Day Moving Average 24.51
10-Day Moving Average 27.51
Average True Range 1.72
RSI (14) 65.03
ADX 39.84
+DI 29.76
-DI 13.05
Chandelier Exit (Long, 3 ATRs) 25.15
Chandelier Exit (Short, 3 ATRs) 24.08
Upper Bollinger Bands 31.51
Lower Bollinger Band 17.51
Percent B (%b) 0.69
BandWidth 57.12
MACD Line 1.88
MACD Signal Line 1.85
MACD Histogram 0.026
Fundamentals Value
Market Cap 1.74 Billion
Num Shares 63.9 Million
EPS 7.14
Price-to-Earnings (P/E) Ratio 3.81
Price-to-Sales 0.67
Price-to-Book 0.63
PEG Ratio 0.90
Dividend 4.40
Dividend Yield 16.18%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.81
Resistance 3 (R3) 28.65 27.95 28.54
Resistance 2 (R2) 27.95 27.54 28.03 28.45
Resistance 1 (R1) 27.57 27.28 27.76 27.73 28.36
Pivot Point 26.87 26.87 26.97 26.95 26.87
Support 1 (S1) 26.49 26.46 26.68 26.65 26.02
Support 2 (S2) 25.79 26.20 25.87 25.93
Support 3 (S3) 25.41 25.79 25.84
Support 4 (S4) 25.57