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Stock Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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
51.56 52.25 51.27 51.87 +1.03
Entry Signal

MarketClub’s Trade Triangles for BMA

long term up The long-term trend has been UP since Nov 27th, 2023 at 28.07

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 55.86

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 52.29

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
51.56 52.25 51.27 51.87 +1.03
Prev. Close Volume Bid Ask Time
50.84 80269 2024-07-26 15:59:58
Year High117.99Year High Date2018-01-02
Year Low32Year Low Date2018-08-30
52wk High68.2452wk High Date2024-06-03
52wk Low17.352wk Low Date2023-10-23
Year End Close18.14Average Volume228,672
Shares Outstanding672,708Short Interest750,490
% Institutional12.5Market Cap1,583M
Assets176,512,200MLiabilities134,028,700M
P/E Ratio75.3186Beta1.3
Volatility57.18
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