BANCO MACRO SA-ADR (BMA) Stock Technical Analysis
NYSE:BMA - New York Stock Exchange, Inc. - US05961W1053 - ADR - Currency: USD
We assign a technical rating of 4 out of 10 to BMA. Although BMA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BMA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, BMA did better than 96% of all other stocks. On top of that, BMA also shows a nice and consistent pattern of rising prices.
BMA is part of the Banks industry. There are 404 other stocks in this industry. BMA outperforms 98% of them.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
BMA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
BMA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
69.16
94.69
When analyzing the support we can see 4 important areas.
- A support zone ranging from 83.79 to 84.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.74 from a trend line in the daily time frame.
- A support zone ranging from 79.04 to 80.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @69.86 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 85.26 to 85.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @93.75 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.71
Mansfield1.8
10 Day High91.83
10 Day Low78.38
20 Day High99.95
20 Day Low78.38
52 Week High118.42
52 Week Low38.55
Performance
1 Week1.74%
2 Weeks-4.93%
1 Month-14.04%
3 Month-1.58%
6 Month37.34%
12 Month113.66%
2 Year378.66%
3 Year392.78%
5 Year402.06%
10 Year49.04%
15 Year185.21%
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)-0.06
RSI(14)43.49
LBB78.53
UBB94.52
85.25
+2.57 (+3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.11%
1 Week1.74%
2 Weeks-4.93%
1 Month-14.04%
3 Month-1.58%
6 Month37.34%
12 Month113.66%
2 Year378.66%
3 Year392.78%
5 Year402.06%
10 Year49.04%
15 Year185.21%
Volatility
ATR(14)5.41
ATR(20)%6.29%
ATR Inc-14.87%
Range Today5.02
ADR(20)5.25
ADR(20)%6.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.71
Mansfield1.8
10 Day High91.83
10 Day Low78.38
20 Day High99.95
20 Day Low78.38
52 Week High118.42
52 Week Low38.55
CS1 End84.45
CR1 Start85.26
Volume & EV
DER(3)2.24%
DER(5)2.53%
Volume269.80K
Volume Incr-13.98%
Vol(5)299.50K
Vol(50)340.92K