Technical Analysis for BMA - Banco Macro S.A.

Grade Last Price % Change Price Change
B 16.08 -4.00% -0.67
BMA closed down 4.0 percent on Friday, September 24, 2021, on 74 percent of normal volume. 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 EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down
Historical BMA trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
Strong but Oversold Other 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -4.00%
Calm After Storm Range Contraction -4.00%
NR7 Range Contraction -4.00%
Older End-of-Day Signals for BMA ...

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Profile

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.


Classification

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

Is BMA a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 21.2
52 Week Low 11.45
Average Volume 297,158
200-Day Moving Average 15.02
50-Day Moving Average 15.97
20-Day Moving Average 18.29
10-Day Moving Average 18.22
Average True Range 1.06
ADX 28.61
+DI 19.60
-DI 25.75
Chandelier Exit (Long, 3 ATRs) 18.01
Chandelier Exit (Short, 3 ATRs) 19.24
Upper Bollinger Bands 20.45
Lower Bollinger Band 16.14
Percent B (%b) -0.01
BandWidth 23.54
MACD Line 0.23
MACD Signal Line 0.69
MACD Histogram -0.4568
Fundamentals Value
Market Cap 1.03 Billion
Num Shares 63.9 Million
EPS 7.14
Price-to-Earnings (P/E) Ratio 2.25
Price-to-Sales 0.67
Price-to-Book 0.63
PEG Ratio 0.90
Dividend 4.40
Dividend Yield 27.36%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.01
Resistance 3 (R3) 17.10 16.89 16.86
Resistance 2 (R2) 16.89 16.65 16.84 16.80
Resistance 1 (R1) 16.48 16.50 16.38 16.39 16.75
Pivot Point 16.27 16.27 16.21 16.22 16.27
Support 1 (S1) 15.86 16.03 15.76 15.77 15.41
Support 2 (S2) 15.65 15.88 15.60 15.36
Support 3 (S3) 15.24 15.65 15.31
Support 4 (S4) 15.15