Technical Analysis for BMA - Banco Macro S.A.

Grade Last Price % Change Price Change
C 56.93 -2.60% -1.52
BMA closed down 2.6 percent on Wednesday, June 26, 2024, on 51 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
NR7 Range Contraction -2.60%
50 DMA Support Bullish -1.42%
Doji - Bullish? Reversal -1.42%
Outside Day Range Expansion -1.42%
50 DMA Support Bullish -1.01%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.01%
Fell Below 20 DMA Bearish -3.18%
MACD Bearish Signal Line Cross Bearish -3.18%
Multiple of Ten Bearish Other -3.18%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 17 hours ago
Fell Below 50 DMA about 17 hours ago
Down 2 % about 17 hours ago
Fell Below Previous Day's Low about 18 hours ago
60 Minute Opening Range Breakdown about 18 hours ago

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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: 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

Indicators

Indicator Value
52 Week High 66.3458
52 Week Low 16.445
Average Volume 434,130
200-Day Moving Average 35.94
50-Day Moving Average 57.49
20-Day Moving Average 59.51
10-Day Moving Average 59.56
Average True Range 3.44
RSI (14) 46.24
ADX 14.94
+DI 19.94
-DI 22.45
Chandelier Exit (Long, 3 ATRs) 56.01
Chandelier Exit (Short, 3 ATRs) 63.31
Upper Bollinger Bands 65.13
Lower Bollinger Band 53.88
Percent B (%b) 0.27
BandWidth 18.90
MACD Line 0.08
MACD Signal Line 0.53
MACD Histogram -0.4475
Fundamentals Value
Market Cap 6.12 Billion
Num Shares 107 Million
EPS 0.36
Price-to-Earnings (P/E) Ratio 158.14
Price-to-Sales 0.01
Price-to-Book 2.68
PEG Ratio 0.90
Dividend 117.36
Dividend Yield 206.15%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 60.31
Resistance 3 (R3) 60.63 59.82 59.75
Resistance 2 (R2) 59.82 58.96 59.66 59.56
Resistance 1 (R1) 58.37 58.42 57.97 58.06 59.37
Pivot Point 57.56 57.56 57.36 57.40 57.56
Support 1 (S1) 56.12 56.70 55.71 55.80 54.49
Support 2 (S2) 55.31 56.17 55.15 54.30
Support 3 (S3) 53.86 55.31 54.11
Support 4 (S4) 53.55