Technical Analysis for BMA - Banco Macro S.A.
|Grade||Last Price||% Change||Price Change|
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
|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%|
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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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||127.84|
|52 Week Low||61.12|
|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|
|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|
|MACD Signal Line||5.4472|
|Market Cap||8.29 Billion|
|Num Shares||65.8 Million|
|Price-to-Earnings (P/E) Ratio||20.14|
|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|
|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|