Technical Analysis for BMA - Banco Macro S.A.

Grade Last Price % Change Price Change
grade B 41.84 0.46% 0.19
BMA closed up 0.46 percent on Wednesday, December 12, 2018, on 63 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical BMA trend table...

Date Alert Name Type % Chg
Dec 12 50 DMA Resistance Bearish 0.00%
Dec 12 Oversold Stochastic Weakness 0.00%
Dec 11 50 DMA Resistance Bearish 0.46%
Dec 11 MACD Bearish Centerline Cross Bearish 0.46%
Dec 11 Stochastic Reached Oversold Weakness 0.46%
Dec 11 Oversold Stochastic Weakness 0.46%
Dec 10 BB Squeeze Ended Range Expansion 1.55%
Dec 10 Below Lower BB Weakness 1.55%
Dec 10 Gapped Down Weakness 1.55%
Dec 10 Lower Bollinger Band Touch Weakness 1.55%

Older signals for BMA ...

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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: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 119.98
52 Week Low 32.0
Average Volume 300,840
200-Day Moving Average 67.2189
50-Day Moving Average 42.6964
20-Day Moving Average 44.4925
10-Day Moving Average 43.833
Average True Range 2.5998
ADX 11.55
+DI 17.0482
-DI 22.6903
Chandelier Exit (Long, 3 ATRs ) 40.3906
Chandelier Exit (Short, 3 ATRs ) 48.5194
Upper Bollinger Band 48.199
Lower Bollinger Band 40.786
Percent B (%b) 0.14
BandWidth 16.661235
MACD Line -0.3158
MACD Signal Line 0.2372
MACD Histogram -0.553
Fundamentals Value
Market Cap 2.75 Billion
Num Shares 65.8 Million
EPS 6.25
Price-to-Earnings (P/E) Ratio 6.69
Price-to-Sales 6.58
Price-to-Book 4.27
PEG Ratio 0.97
Dividend 1.51
Dividend Yield 3.61%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.49
Resistance 3 (R3) 44.69 44.00 44.05
Resistance 2 (R2) 44.00 43.33 43.90 43.90
Resistance 1 (R1) 42.92 42.91 42.58 42.72 43.75
Pivot Point 42.24 42.24 42.06 42.14 42.24
Support 1 (S1) 41.16 41.56 40.81 40.96 39.93
Support 2 (S2) 40.47 41.14 40.37 39.78
Support 3 (S3) 39.39 40.47 39.63
Support 4 (S4) 39.19