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Stock Trend Analysis Report

Prepared for you on Saturday, September 23, 2023.

Banco Macro S.A. ADR (representing Ten Class B Common Shares) (NYSE:BMA)

Weak Downtrend (-65) - BMA is showing signs of a strengthening downtrend. Monitor BMA as it may be building momentum to the downside.

Is it time to buy, sell, or avoid BMA?

MarketClub looks at technical strength and momentum to determine if the timing is right for BMA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_BMA
Open High Low BMA Price Change
22.41 22.73 21.74 21.82 -0.46
Entry Signal

MarketClub’s Trade Triangles for BMA

long term up The long-term trend has been UP since Jan 5th, 2023 at 17.1299

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2023 at 22.5400

short term down The short-term trend has been DOWN since Sep 20th, 2023 at 23.2200

Smart Scan Analysis for BMA

Based on our trend formula, BMA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for BMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.41 22.73 21.74 21.82 -0.46
Prev. Close Volume Bid Ask Time
21.85 146467 2023-09-22 15:59:54
Year High117.99Year High Date2018-01-02
Year Low32Year Low Date2018-08-30
52wk High28.0752wk High Date2023-08-29
52wk Low12.3852wk Low Date2022-11-21
Year End Close18.14Average Volume278,237
Shares Outstanding672,708Short Interest750,490
% Institutional12.5Market Cap1,583M
Assets176,512,200MLiabilities134,028,700M
P/E Ratio61.7174Beta1.3
Volatility57.18
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