Banco Macro SA BMA Stock Analysis

Banco Macro SA stock trades under the ticker BMA & has shown recent bullish signals that traders & investors should take a closer look at.

BMA stock closed at $17.20/share on 11/10/2021.

Banco Macro SA BMA Stock’s Technicals Broken Down

Banco Macro SA BMA Stock's Technical Performance Over The Last Year

BMA Stock Price: $17.20

10 Day Moving Average: $16.44

50 Day Moving Average: $17.36

200 Day Moving Average: $15.31

RSI: 53.2

MACD: -0.109

BMA stock completed a bullish MACD crossover yesterday, while also temporarily breaking out above its 50 Day Moving Average bullishly.

With 5% between the 10 Day MA & share price, there should be additional upward pressure on their share price to break out above the 50 Day MA.

The $18-level is the next major test for BMA’s share price once it does break above the 50 day.

Banco Macro SA BMA Stock As A Long-Term Investment

Investors will like BMA’s valuation metrics, with a P/E(ttm) of 7.7 & a P/B of 0.56.

BMA’s Quarterly Revenue Growth Y-o-Y was -0.3% & their Beta runs a bit hotter than the broader markets at 2.17.

Their balance sheet looks good, with $268B in Total Cash (mrq) & Total Debt (mrq) of just $43.9B.

Banco Macro SA BMA Stock As A Short-Term Trade Using Options

Traders can take advantage of BMA stock’s current momentum by trading options.

I am looking at the 11/19 expiration dated contracts.

The $17.50 calls look appealing, as they have more open interest than the $15 calls that are in-the-money.

The $20 & $17.50 puts also look interesting, with the most open interest for calls & puts both being the $17.50 strike price.

Tying It All Together

Overall, there are many appealing traits to BMA stock that traders & investors are sure to like.

Investors will like their balance sheet & valuation metrics.

Traders will like their current momentum, paired with their neutral RSI signaling that there is more room to run in the near term.

Banco Macro SA stock is worth taking a closer look at regardless of your trading style & time frame.