BMA NEWS why is Macro Bank Inc. price falling or rising

BMA NEWS reasons for why stock price of Macro Bank Inc. is falling or rising

BMA Macro Bank is falling or rising technical reasons

Technical analysis forecast of Macro Bank Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Macro Bank BMA at this time. Stock is rising and might rise more.

It appears as if Macro Bank BMA gave a large move recently.

Stock of Macro Bank (BMA) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Macro Bank is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.8, for a target of 55.1 or 52.04

BMA Macro Bank is falling or rising NEWS fundamental reasons

More announcements and NEWS

BMA Macro Bank Inc. current price & indicator signals

Moving Averages for Macro Bank Inc.

  • 5Day Average: 55.66
  • 12Day Average: 52.6
  • 20Day Average: 51.56
  • 50Day Average: 47.2
  • 100Day Average: 38.57
  • 150Day Average: 33
  • 200Day Average: 30.63

BMA Indicators & signals

Indicator MACD (12,26,9)

53.56, 51.04, 1.94
Indicator MACD is in positive zone

Indicator ADX (14)

45.22, 36.77, 13.87
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BMA Macro Bank Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 60.22 56.27 to 60.59 7.32% 1.49 times
02 Thu May 2024 56.11 54.30 to 57.09 2.63% 0.81 times
01 Wed May 2024 54.67 51.58 to 55.45 0.94% 0.61 times
30 Tue Apr 2024 54.16 53.04 to 56.66 1.9% 1.71 times
29 Mon Apr 2024 53.15 51.09 to 53.76 3.44% 1.44 times
26 Fri Apr 2024 51.38 49.08 to 51.38 4.69% 0.9 times
25 Thu Apr 2024 49.08 47.76 to 50.50 0.2% 0.75 times
24 Wed Apr 2024 48.98 48.72 to 52.24 -5.93% 0.77 times
23 Tue Apr 2024 52.07 51.58 to 55.11 -2.25% 0.95 times
22 Mon Apr 2024 53.27 49.65 to 54.13 6.92% 1.57 times
19 Fri Apr 2024 49.82 48.10 to 50.86 3.13% 0.49 times
18 Thu Apr 2024 48.31 47.90 to 49.34 0.46% 0.42 times

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BMA NEWS why is Macro Bank Inc. price falling or rising

 

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