BANCO MACRO SA-ADR (BMA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BMA - US05961W1053 - ADR
We assign a technical rating of 9 out of 10 to BMA. 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.
Besides having an excellent technical rating, BMA also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for BMA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
73.00
We found 1 important support area.
- A support zone ranging from 73.74 to 76.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 86.56 to 87.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 89.29 to 90.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BMA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BMA is up. |
| ChartMill Relative Strength | 93.9 | POSITIVE | BMA has a high relative strength, it outperformed 93.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for BMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests BMA has a negative trend. |
| Stochastics (14,3) | 71.71 | NEUTRAL | The Stochastics value for BMA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for BMA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.5 | POSITIVE | The high ADX value value for BMA suggests a strong trend. |
86.42
-1.93 (-2.18%)
BANCO MACRO SA-ADR / BMA FAQ
What is the ChartMill technical rating of BANCO MACRO SA-ADR (BMA) stock?
ChartMill assigns a technical rating of 9 / 10 to BMA.
Can you provide the trend direction for BANCO MACRO SA-ADR?
The current trend direction for BANCO MACRO SA-ADR (BMA) is Bullish.
Can you provide the RSI signal for BANCO MACRO SA-ADR?
BANCO MACRO SA-ADR (BMA) has an RSI value of 56.9008. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANCO MACRO SA-ADR?
The MACD indicator for BANCO MACRO SA-ADR (BMA) has a value of -0.329582, indicating a bearish trend.
What are the support and resistance levels for BANCO MACRO SA-ADR (BMA) stock?
BANCO MACRO SA-ADR (BMA) has a support level at 76.52 and a resistance level at 86.56. Check the full technical report for our detailed analysis of BMA support and resistance levels.