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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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

Countertrend Up (+85) - BMA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
50.99 51.77 49.57 51.63 +0.84
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 up The intermediate-term trend has been UP since Jan 22nd, 2024 at 29.00

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 50.01

Smart Scan Analysis for BMA

Based on our trend formula, BMA is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for BMA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.99 51.77 49.57 51.63 +0.84
Prev. Close Volume Bid Ask Time
51.67 346071 2024-03-27 15:58:12
Year High117.99Year High Date2018-01-02
Year Low32Year Low Date2018-08-30
52wk High54.6752wk High Date2024-03-25
52wk Low16.4952wk Low Date2023-05-04
Year End Close18.14Average Volume404,113
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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