Technical Analysis for BMA - Banco Macro S.A.

Grade Last Price % Change Price Change
grade F 51.05 -1.83% -0.95
BMA closed down 1.83 percent on Wednesday, February 20, 2019, on 1.64 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

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

Date Alert Name Type % Chg
Feb 20 200 DMA Resistance Bearish 0.00%
Feb 20 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Feb 20 Bollinger Band Squeeze Range Contraction 0.00%
Feb 20 Stochastic Reached Oversold Weakness 0.00%
Feb 20 BB Squeeze + Lower Band Touch Range Contraction 0.00%
Feb 20 Below Lower BB Weakness 0.00%
Feb 20 Down 3 Days in a Row Weakness 0.00%
Feb 20 Lower Bollinger Band Touch Weakness 0.00%
Feb 20 Oversold Stochastic Weakness 0.00%
Feb 19 Fell Below 200 DMA Bearish -1.83%

Older signals for BMA ...

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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.
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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: 1 bullish, 3 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 114.86
52 Week Low 32.0
Average Volume 291,742
200-Day Moving Average 54.3099
50-Day Moving Average 49.5916
20-Day Moving Average 56.577
10-Day Moving Average 56.323
Average True Range 2.8638
ADX 25.34
+DI 14.8567
-DI 25.5923
Chandelier Exit (Long, 3 ATRs ) 52.0086
Chandelier Exit (Short, 3 ATRs ) 58.9714
Upper Bollinger Band 61.0407
Lower Bollinger Band 52.1133
Percent B (%b) -0.12
BandWidth 15.779204
MACD Line 1.0888
MACD Signal Line 2.2084
MACD Histogram -1.1196
Fundamentals Value
Market Cap 3.36 Billion
Num Shares 65.8 Million
EPS 6.25
Price-to-Earnings (P/E) Ratio 8.17
Price-to-Sales 6.58
Price-to-Book 4.27
PEG Ratio 0.97
Dividend 1.51
Dividend Yield 2.96%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 57.38
Resistance 3 (R3) 57.86 56.23 56.33
Resistance 2 (R2) 56.23 54.62 55.99 55.97
Resistance 1 (R1) 53.64 53.62 52.83 53.16 55.62
Pivot Point 52.01 52.01 51.60 51.77 52.01
Support 1 (S1) 49.42 50.40 48.61 48.94 46.48
Support 2 (S2) 47.79 49.40 47.55 46.13
Support 3 (S3) 45.20 47.79 45.78
Support 4 (S4) 44.72