BANCO MACRO SA-ADR (BMA)
US05961W1053 - ADR
Taking everything into account, BMA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BMA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BMA did better than 97% of all other stocks. On top of that, BMA also shows a nice and consistent pattern of rising prices.
BMA is one of the better performing stocks in the Banks industry, it outperforms 99% of 404 stocks in the same industry.
BMA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BMA has a been trading in the 73.07 - 86.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
BMA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
46.69
81.18
4 important support areas can be observed.
- Support @75.09 from a horizontal line in the daily time frame.
- Support @58.91 from a trend line in the weekly time frame.
- Support @52.09 from a horizontal line in the daily time frame.
- Support @47.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 80.03 to 80.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.96
Mansfield3.81
10 Day High86.12
10 Day Low76.42
20 Day High86.12
20 Day Low73.07
52 Week High86.12
52 Week Low24.41
Performance
1 Week1.23%
2 Weeks-2.04%
1 Month4.13%
3 Month49.41%
6 Month37.24%
12 Month208.68%
2 Year450.65%
3 Year502.94%
5 Year209.52%
10 Year89.1%
15 Year193.18%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)55.45
LBB75.14
UBB84.6
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 80.39 | 76.41 | 3.98 (4.95%) | 20.20% |
| An entry @80.39. This is a Buy Stop order right above the resistance zone. | An exit @76.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.98 points, which is 4.95%. | When investing 20.20% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BMA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BANCO MACRO SA-ADR
NYSE:BMA (11/21/2024, 6:40:00 PM)
After market: 80.01 0 (0%)80.01
-1.79 (-2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.19%
1 Week1.23%
2 Weeks-2.04%
1 Month4.13%
3 Month49.41%
6 Month37.24%
12 Month208.68%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)4.05
ATR(20)%4.97%
ATR Inc
Range Today3.91
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High86.12
10 Day Low76.42
20 Day High86.12
20 Day Low73.07
52 Week High86.12
52 Week Low24.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume359.90K
Volume Incr49.88%
Vol(5)367.35K
Vol(50)265.28K