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Banco Macro SA B
Buy, Hold or Sell?

Let's analyze Macro together

I guess you are interested in Banco Macro SA B. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Banco Macro SA B. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Macro (30 sec.)










What can you expect buying and holding a share of Macro? (30 sec.)

How much money do you get?

How much money do you get?
ARS0.00
When do you have the money?
1 year
How often do you get paid?
77.3%

What is your share worth?

Current worth
ARS5,255.40
Expected worth in 1 year
ARS9,521.12
How sure are you?
95.5%

+ What do you gain per year?

Total Gains per Share
ARS4,265.88
Return On Investment
63.7%

For what price can you sell your share?

Current Price per Share
ARS6,700.00
Expected price per share
ARS5,050 - ARS6,949
How sure are you?
50%
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1. Valuation of Macro (5 min.)




Live pricePrice per Share (EOD)

ARS6,700.00

2. Growth of Macro (5 min.)




Is Macro growing?

Current yearPrevious yearGrowGrow %
How rich?$3.6b$525.1m$1.4b73.3%

How much money is Macro making?

Current yearPrevious yearGrowGrow %
Making money$225.8m$11.2m$214.5m95.0%
Net Profit Margin20.2%7.0%--

How much money comes from the company's main activities?

3. Financial Health of Macro (5 min.)




4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

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What can you expect buying and holding a share of Macro? (5 min.)

Welcome investor! Macro's management wants to use your money to grow the business. In return you get a share of Macro.

What can you expect buying and holding a share of Macro?

First you should know what it really means to hold a share of Macro. And how you can make/lose money.

Speculation

The Price per Share of Macro is ARS6,700. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Macro.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Macro, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ARS5,255.40. Based on the TTM, the Book Value Change Per Share is ARS1,066.43 per quarter. Based on the YOY, the Book Value Change Per Share is ARS137.02 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ARS0.04 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Macro.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per Share
Usd Eps0.470.0%0.350.0%0.020.0%0.080.0%0.070.0%
Usd Book Value Change Per Share2.260.0%1.170.0%0.150.0%0.280.0%0.260.0%
Usd Dividend Per Share0.000.0%0.000.0%0.010.0%0.000.0%0.000.0%
Usd Total Gains Per Share2.260.0%1.170.0%0.160.0%0.290.0%0.270.0%
Usd Price Per Share6.13-3.07-0.55-0.89-0.82-
Price to Earnings Ratio3.23-10.86-9.00-7.38-6.68-
Price-to-Total Gains Ratio2.71-0.02-3.38-121.22-110.51-
Price to Book Ratio1.06-1.18-0.65-1.08-1.24-
Price-to-Total Gains Ratio2.71-0.02-3.38-121.22-110.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.37
Number of shares135
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share1.170.28
Usd Total Gains Per Share1.170.29
Gains per Quarter (135 shares)158.3738.88
Gains per Year (135 shares)633.48155.50
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
106336232153146
20126712565306302
30190018897460458
40253425229613614
503167315512766770
603801378814919926
70443444211610721082
80506850541812261238
90570156872113791394
100633563202315321550

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%21.01.00.095.5%21.01.00.095.5%
Book Value Change Per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%21.01.00.095.5%21.01.00.095.5%
Dividend per Share2.00.02.050.0%8.00.04.066.7%15.00.05.075.0%17.00.05.077.3%17.00.05.077.3%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%21.01.00.095.5%21.01.00.095.5%
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Fundamentals of Macro

About Banco Macro SA B

Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

Fundamental data was last updated by Penke on 2024-07-11 09:33:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.
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1.1. Profitability of Banco Macro SA B.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Macro earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare¬†Macro to the¬†Banks - Regional industry mean.
  • A Net Profit Margin of 16.8%¬†means that¬†$0.17 for each $1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Banco Macro SA B:

  • The MRQ is 16.8%. The company is making a huge profit. +2
  • The TTM is 20.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.8%TTM20.2%-3.4%
TTM20.2%YOY7.0%+13.1%
TTM20.2%5Y20.4%-0.2%
5Y20.4%10Y18.0%+2.4%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ16.8%38.5%-21.7%
TTM20.2%29.6%-9.4%
YOY7.0%26.3%-19.3%
5Y20.4%23.6%-3.2%
10Y18.0%20.4%-2.4%
1.1.2. Return on Assets

Shows how efficient Macro is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Macro to the¬†Banks - Regional industry mean.
  • 2.8% Return on Assets means that¬†Macro generated¬†$0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Banco Macro SA B:

  • The MRQ is 2.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.8%TTM2.9%-0.1%
TTM2.9%YOY0.5%+2.4%
TTM2.9%5Y1.4%+1.5%
5Y1.4%10Y1.2%+0.2%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8%0.3%+2.5%
TTM2.9%0.2%+2.7%
YOY0.5%0.2%+0.3%
5Y1.4%0.2%+1.2%
10Y1.2%0.2%+1.0%
1.1.3. Return on Equity

Shows how efficient Macro is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Macro to the¬†Banks - Regional industry mean.
  • 8.2% Return on Equity means Macro generated $0.08¬†for each¬†$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Banco Macro SA B:

  • The MRQ is 8.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.2%TTM9.6%-1.4%
TTM9.6%YOY2.1%+7.5%
TTM9.6%5Y5.8%+3.8%
5Y5.8%10Y5.0%+0.8%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ8.2%3.1%+5.1%
TTM9.6%2.5%+7.1%
YOY2.1%2.7%-0.6%
5Y5.8%2.5%+3.3%
10Y5.0%2.8%+2.2%
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1.2. Operating Efficiency of Banco Macro SA B.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Macro is operating .

  • Measures how much profit Macro makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Macro to the¬†Banks - Regional industry mean.
  • An Operating Margin of 0.0%¬†means the company generated $0.00 ¬†for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Banco Macro SA B:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient Macro is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Banks - Regional industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Banco Macro SA B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.081-0.081
5Y0.08110Y0.152-0.071
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1.3. Liquidity of Banco Macro SA B.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Macro is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Banks - Regional industry mean).
  • A Current Ratio of 0.00¬†means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Banco Macro SA B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.138-0.138
TTM0.138YOY0.653-0.515
TTM0.1385Y0.517-0.379
5Y0.51710Y0.522-0.005
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.1380.124+0.014
YOY0.6530.167+0.486
5Y0.5170.207+0.310
10Y0.5220.131+0.391
1.3.2. Quick Ratio

Measures if Macro is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Macro to the¬†Banks - Regional industry mean.
  • A Quick Ratio of 0.00¬†means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Banco Macro SA B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.139-0.139
TTM-5Y0.044-0.044
5Y0.04410Y0.040+0.003
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1.4. Solvency of Banco Macro SA B.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Macro assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Macro to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.66¬†means that Macro assets are¬†financed with 66.4% credit (debt) and the remaining percentage (100% - 66.4%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Banco Macro SA B:

  • The MRQ is 0.664. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.714. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.664TTM0.714-0.050
TTM0.714YOY0.752-0.038
TTM0.7145Y0.764-0.050
5Y0.76410Y0.770-0.006
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6640.915-0.251
TTM0.7140.916-0.202
YOY0.7520.918-0.166
5Y0.7640.919-0.155
10Y0.7700.926-0.156
1.4.2. Debt to Equity Ratio

Measures if Macro is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Macro to the¬†Banks - Regional industry mean.
  • A Debt to Equity ratio of 197.5% means that company has $1.98 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Banco Macro SA B:

  • The MRQ is 1.975. The company is just able to pay all its debts with equity.
  • The TTM is 2.556. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ1.975TTM2.556-0.581
TTM2.556YOY3.033-0.477
TTM2.5565Y3.353-0.797
5Y3.35310Y3.506-0.152
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ1.97510.799-8.824
TTM2.55610.909-8.353
YOY3.03311.266-8.233
5Y3.35311.324-7.971
10Y3.50612.886-9.380
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2. Market Valuation of Banco Macro SA B

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Macro generates.

  • Above 15 is considered overpriced but¬†always compare¬†Macro to the¬†Banks - Regional industry mean.
  • A PE ratio of 3.23 means the investor is paying $3.23¬†for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Banco Macro SA B:

  • The EOD is 3.889. Based on the earnings, the company is cheap. +2
  • The MRQ is 3.234. Based on the earnings, the company is cheap. +2
  • The TTM is 10.856. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.889MRQ3.234+0.655
MRQ3.234TTM10.856-7.623
TTM10.856YOY9.004+1.853
TTM10.8565Y7.379+3.477
5Y7.37910Y6.676+0.703
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD3.8893.379+0.510
MRQ3.2343.418-0.184
TTM10.8564.741+6.115
YOY9.0046.901+2.103
5Y7.3799.496-2.117
10Y6.6769.770-3.094
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Banco Macro SA B:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-7.804+7.804
TTM-7.804YOY1.406-9.209
TTM-7.8045Y-0.945-6.858
5Y-0.94510Y-0.503-0.442
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ--2.360+2.360
TTM-7.804-1.072-6.732
YOY1.4066.461-5.055
5Y-0.9450.248-1.193
10Y-0.5030.032-0.535
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Macro is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Banks - Regional industry mean).
  • A PB ratio of 1.06 means the investor is paying $1.06¬†for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Banco Macro SA B:

  • The EOD is 1.275. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.060. Based on the equity, the company is underpriced. +1
  • The TTM is 1.184. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.275MRQ1.060+0.215
MRQ1.060TTM1.184-0.123
TTM1.184YOY0.654+0.529
TTM1.1845Y1.076+0.108
5Y1.07610Y1.239-0.163
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD1.2750.416+0.859
MRQ1.0600.420+0.640
TTM1.1840.439+0.745
YOY0.6540.594+0.060
5Y1.0760.763+0.313
10Y1.2390.991+0.248
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Banco Macro SA B compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--2058.6841066.430+93%137.023+1402%257.915+698%238.882+762%
Book Value Per Share--5255.4032695.576+95%746.824+604%832.866+531%763.582+588%
Current Ratio---0.138-100%0.653-100%0.517-100%0.522-100%
Debt To Asset Ratio--0.6640.714-7%0.752-12%0.764-13%0.770-14%
Debt To Equity Ratio--1.9752.556-23%3.033-35%3.353-41%3.506-44%
Dividend Per Share---0.040-100%7.469-100%3.876-100%4.017-100%
Eps--430.737318.884+35%15.402+2697%74.515+478%67.892+534%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap4208792492800.000+15%3562395954602.1411909190176457.360+87%319475911783.600+1015%539165701236.962+561%506155662647.920+604%
Net Profit Margin--0.1680.202-17%0.070+139%0.204-18%0.180-7%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%0.081-100%0.152-100%
Pb Ratio1.275+17%1.0601.184-10%0.654+62%1.076-1%1.239-14%
Pe Ratio3.889+17%3.23410.856-70%9.004-64%7.379-56%6.676-52%
Price Per Share6700.000+17%5571.3502792.263+100%499.775+1015%804.560+592%747.905+645%
Price To Free Cash Flow Ratio----7.8040%1.406-100%-0.9450%-0.5030%
Price To Total Gains Ratio3.255+17%2.7060.019+14169%3.380-20%121.216-98%110.505-98%
Quick Ratio----0%0.139-100%0.044-100%0.040-100%
Return On Assets--0.0280.029-5%0.005+430%0.014+98%0.012+129%
Return On Equity--0.0820.096-14%0.021+290%0.058+41%0.050+65%
Total Gains Per Share--2058.6841066.470+93%144.492+1325%261.791+686%242.899+748%
Usd Book Value--3696412500.0001967645519.125+88%525130650.000+604%600085335.245+516%551682064.650+570%
Usd Book Value Change Per Share--2.2651.173+93%0.151+1402%0.284+698%0.263+762%
Usd Book Value Per Share--5.7812.965+95%0.822+604%0.916+531%0.840+588%
Usd Dividend Per Share---0.000-100%0.008-100%0.004-100%0.004-100%
Usd Eps--0.4740.351+35%0.017+2697%0.082+478%0.075+534%
Usd Free Cash Flow----87768227.2500%142802095.425-100%18734825.670-100%20679876.700-100%
Usd Market Cap4629671742.080+15%3918635550.0622100109194.103+87%351423502.962+1015%593082271.361+561%556771228.913+604%
Usd Price Per Share7.370+17%6.1283.071+100%0.550+1015%0.885+592%0.823+645%
Usd Profit--302960900.000225862854.525+34%11276616.450+2587%52065004.695+482%47139612.500+543%
Usd Revenue--1802873600.0001082527805.975+67%152760151.225+1080%269181379.170+570%246982364.150+630%
Usd Total Gains Per Share--2.2651.173+93%0.159+1325%0.288+686%0.267+748%
 EOD+4 -3MRQTTM+19 -7YOY+21 -85Y+21 -810Y+21 -8

3.2. Fundamental Score

Let's check the fundamental score of Banco Macro SA B based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.889
Price to Book Ratio (EOD)Between0-11.275
Net Profit Margin (MRQ)Greater than00.168
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.664
Debt to Equity Ratio (MRQ)Less than11.975
Return on Equity (MRQ)Greater than0.150.082
Return on Assets (MRQ)Greater than0.050.028
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Banco Macro SA B based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.592
Ma 20Greater thanMa 507,082.527
Ma 50Greater thanMa 1007,111.455
Ma 100Greater thanMa 2006,011.436
OpenGreater thanClose6,650.000
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Minority Interest  -14,000-3,600-17,600-9,118-26,718-233,811-260,529444,529184,000



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in ARS. All numbers in thousands.

Summary
Total Assets9,998,066,000
Total Liabilities6,637,691,000
Total Stockholder Equity3,360,113,000
 As reported
Total Liabilities 6,637,691,000
Total Stockholder Equity+ 3,360,113,000
Total Assets = 9,998,066,000

Assets

Total Assets9,998,066,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 1,149,472,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)1,149,472,000
+/- 1,149,472,000
Long-term Assets
Property Plant Equipment 542,983,000
Long Term Investments 5,224,334,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)5,767,317,000
+/- 5,767,317,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity3,360,113,000
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 1,166,826,000
Total Stockholder Equity (as reported)3,360,113,000
Total Stockholder Equity (calculated)1,166,826,000
+/- 2,193,287,000
Other
Capital Stock639,000
Common Stock Shares Outstanding 639,413
Net Invested Capital 3,780,855,000



Balance Sheet

Currency in ARS. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> Total Assets 
351,232,991
390,296,000
377,456,839
402,656,506
445,239,870
506,782,000
625,359,581
730,723,000
769,901,000
765,793,000
810,893,000
810,893,000
997,701,000
1,140,634,000
1,376,117,000
1,765,122,000
2,090,455,000
2,430,129,000
3,180,398,000
3,708,274,221
6,718,211,111
9,998,066,000
9,998,066,0006,718,211,1113,708,274,2213,180,398,0002,430,129,0002,090,455,0001,765,122,0001,376,117,0001,140,634,000997,701,000810,893,000810,893,000765,793,000769,901,000730,723,000625,359,581506,782,000445,239,870402,656,506377,456,839390,296,000351,232,991
   > Total Current Assets 
137,712,450
182,315,909
192,588,380
160,613,006
160,757,366
186,204,817
310,147,404
334,149,140
381,095,957
351,937,252
364,313,326
375,202,089
413,423,834
451,358,018
632,869,528
908,323,419
531,971,000
1,373,772,866
1,066,964,000
0
0
0
0001,066,964,0001,373,772,866531,971,000908,323,419632,869,528451,358,018413,423,834375,202,089364,313,326351,937,252381,095,957334,149,140310,147,404186,204,817160,757,366160,613,006192,588,380182,315,909137,712,450
       Cash And Cash Equivalents 
80,417,628
75,307,000
89,670,120
96,608,739
100,680,063
123,321,000
103,896,693
112,934,000
129,967,000
153,515,000
143,465,000
166,008,000
172,333,000
175,531,000
181,701,000
201,060,000
250,089,000
297,609,000
331,679,000
447,528,289
1,203,105,095
1,149,472,000
1,149,472,0001,203,105,095447,528,289331,679,000297,609,000250,089,000201,060,000181,701,000175,531,000172,333,000166,008,000143,465,000153,515,000129,967,000112,934,000103,896,693123,321,000100,680,06396,608,73989,670,12075,307,00080,417,628
       Short-term Investments 
0
0
0
0
1,087,916
0
0
0
0
0
0
0
0
0
0
103,970,176
429,468,486
0
0
0
291,689,362
0
0291,689,362000429,468,486103,970,17600000000001,087,9160000
       Net Receivables 
1,806,953
1,847,479
3,573,540
3,694,428
4,004,956
11,345,375
10,758,947
14,821,312
18,088,150
16,298,923
14,766,306
20,249,566
32,992,645
22,468,075
26,969,966
29,859,252
60,046,767
76,675,158
0
0
220,101,440
0
0220,101,4400076,675,15860,046,76729,859,25226,969,96622,468,07532,992,64520,249,56614,766,30616,298,92318,088,15014,821,31210,758,94711,345,3754,004,9563,694,4283,573,5401,847,4791,806,953
       Other Current Assets 
52,015,208
57,851,044
70,616,577
55,539,928
55,934,724
73,885,945
49,454,604
69,677,253
52,857,362
78,788,883
80,372,757
96,757,853
110,321,908
102,292,192
102,517,486
108,388,422
152,383,000
192,461,030
164,988,000
0
0
0
000164,988,000192,461,030152,383,000108,388,422102,517,486102,292,192110,321,90896,757,85380,372,75778,788,88352,857,36269,677,25349,454,60473,885,94555,934,72455,539,92870,616,57757,851,04452,015,208
   > Long-term Assets 0000000000000000000000
       Property Plant Equipment 
3,059,686
2,846,535
3,130,235
3,715,056
3,099,278
5,541,223
5,515,129
5,830,973
6,390,347
7,424,772
8,305,687
9,289,243
9,761,119
11,116,301
12,904,367
86,539,076
101,864,000
124,426,000
153,852,000
208,243,261
356,787,386
542,983,000
542,983,000356,787,386208,243,261153,852,000124,426,000101,864,00086,539,07612,904,36711,116,3019,761,1199,289,2438,305,6877,424,7726,390,3475,830,9735,515,1295,541,2233,099,2783,715,0563,130,2352,846,5353,059,686
       Goodwill 
0
0
210,927
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000210,92700
       Long Term Investments 
9,442,936
124,110,000
109,855,562
90,809,897
84,168,623
122,926,000
177,810,153
286,400,000
299,150,000
284,501,000
326,383,000
339,832,000
374,160,000
513,272,000
618,432,000
872,841,000
1,039,106,000
1,223,504,000
1,607,791,000
1,488,902,205
2,347,823,173
5,224,334,000
5,224,334,0002,347,823,1731,488,902,2051,607,791,0001,223,504,0001,039,106,000872,841,000618,432,000513,272,000374,160,000339,832,000326,383,000284,501,000299,150,000286,400,000177,810,153122,926,00084,168,62390,809,897109,855,562124,110,0009,442,936
       Intangible Assets 
2,120,595
1,547,659
1,843,395
2,049,143
3,542,060
0
4,123,159
4,431,855
5,104,060
5,817,669
6,647,367
7,542,909
8,404,279
9,717,578
12,082,588
15,016,914
17,439,760
21,808,325
0
0
75,170,628
0
075,170,6280021,808,32517,439,76015,016,91412,082,5889,717,5788,404,2797,542,9096,647,3675,817,6695,104,0604,431,8554,123,15903,542,0602,049,1431,843,3951,547,6592,120,595
> Total Liabilities 
290,322,157
328,208,000
314,512,686
326,280,961
339,183,484
387,712,000
506,157,821
596,799,000
621,820,000
595,756,000
628,396,000
604,044,000
759,095,000
858,274,000
1,036,762,000
1,340,223,000
1,577,960,000
1,797,312,000
2,437,459,000
2,700,538,656
4,674,186,061
6,637,691,000
6,637,691,0004,674,186,0612,700,538,6562,437,459,0001,797,312,0001,577,960,0001,340,223,0001,036,762,000858,274,000759,095,000604,044,000628,396,000595,756,000621,820,000596,799,000506,157,821387,712,000339,183,484326,280,961314,512,686328,208,000290,322,157
   > Total Current Liabilities 
261,408,630
292,137,278
304,917,606
293,783,950
307,301,216
353,105,796
468,124,123
557,122,864
574,406,645
542,757,947
574,873,060
638,949,378
703,999,284
795,474,608
962,592,878
1,246,871,724
1,306,246,000
1,681,757,907
1,938,165,000
0
0
0
0001,938,165,0001,681,757,9071,306,246,0001,246,871,724962,592,878795,474,608703,999,284638,949,378574,873,060542,757,947574,406,645557,122,864468,124,123353,105,796307,301,216293,783,950304,917,606292,137,278261,408,630
       Short-term Debt 
3,298,495
3,733,730
2,457,610
4,483,062
2,663,549
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000002,663,5494,483,0622,457,6103,733,7303,298,495
       Short Long Term Debt 
3,298,495
3,733,730
2,457,610
4,483,062
2,663,549
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000002,663,5494,483,0622,457,6103,733,7303,298,495
       Accounts payable 
237,954,419
273,185,160
284,943,222
259,904,044
263,823,567
312,005,776
406,770,029
493,647,573
490,168,087
458,497,178
493,643,851
543,224,119
590,750,194
677,544,730
861,077,576
1,124,415,761
1,295,395,000
1,464,338,267
1,902,794,000
0
0
0
0001,902,794,0001,464,338,2671,295,395,0001,124,415,761861,077,576677,544,730590,750,194543,224,119493,643,851458,497,178490,168,087493,647,573406,770,029312,005,776263,823,567259,904,044284,943,222273,185,160237,954,419
       Other Current Liabilities 
16,560,179
11,887,156
12,360,367
20,869,836
32,653,567
34,367,286
50,425,551
52,386,737
71,929,341
71,980,689
68,881,028
79,244,687
98,242,018
89,794,465
86,084,571
101,517,135
10,849,000
182,793,449
24,130,000
0
0
0
00024,130,000182,793,44910,849,000101,517,13586,084,57189,794,46598,242,01879,244,68768,881,02871,980,68971,929,34152,386,73750,425,55134,367,28632,653,56720,869,83612,360,36711,887,15616,560,179
   > Long-term Liabilities 0000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
44,352,507
42,233,899
44,172,976
52,698,777
51,132,867
0
0
0
0
0
0
0
0
0000000051,132,86752,698,77744,172,97642,233,89944,352,507000000000
       Capital Lease Obligations 
0
0
553,399
0
916,948
0
1,008,358
1,050,446
1,175,527
1,278,142
1,386,551
1,419,105
1,420,172
0
1,636,297
1,769,990
1,965,258
2,770,865
3,088,707
3,824,651
9,388,790
0
09,388,7903,824,6513,088,7072,770,8651,965,2581,769,9901,636,29701,420,1721,419,1051,386,5511,278,1421,175,5271,050,4461,008,3580916,9480553,39900
> Total Stockholder Equity
60,908,329
62,085,000
62,944,153
76,372,801
106,054,978
119,069,000
119,200,330
133,922,000
148,079,000
170,035,000
182,495,000
206,847,000
238,569,000
282,328,000
339,320,000
424,835,000
512,410,000
632,701,000
742,836,000
1,007,570,237
2,043,559,163
3,360,113,000
3,360,113,0002,043,559,1631,007,570,237742,836,000632,701,000512,410,000424,835,000339,320,000282,328,000238,569,000206,847,000182,495,000170,035,000148,079,000133,922,000119,200,330119,069,000106,054,97876,372,80162,944,15362,085,00060,908,329
   Common Stock
669,663
669,663
669,663
639,398
639,413
639,413
639,413
639,413
639,413
639,413
639,413
639,413
639,413
639,413
639,413
639,413
639,000
639,413
639,000
0
0
0
000639,000639,413639,000639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,398669,663669,663669,663
   Retained Earnings 
30,641,495
26,337,000
14,375,739
27,323,195
75,425,985
69,782,268
66,651,330
77,829,002
89,482,642
96,585,357
100,787,827
117,497,968
140,028,322
168,550,135
209,000,469
263,795,997
43,176,000
406,634,594
56,511,000
83,673,161
203,502,666
1,166,826,000
1,166,826,000203,502,66683,673,16156,511,000406,634,59443,176,000263,795,997209,000,469168,550,135140,028,322117,497,968100,787,82796,585,35789,482,64277,829,00266,651,33069,782,26875,425,98527,323,19514,375,73926,337,00030,641,495
   Capital Surplus 
0
0
0
0
0
0
0
0
0
12,429,781
12,429,781
12,429,781
12,429,781
12,429,781
0
0
0
0
0
0
0
0
0000000012,429,78112,429,78112,429,78112,429,78112,429,781000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
6,330,948
653,855
663,419
1,144,611
1,310,868
36,217,879
39,479,806
43,024,106
45,527,092
60,380,206
68,637,760
76,279,561
85,471,012
100,708,658
117,250,645
147,970,077
456,165,000
212,997,300
673,256,000
0
0
0
000673,256,000212,997,300456,165,000147,970,077117,250,645100,708,65885,471,01276,279,56168,637,76060,380,20645,527,09243,024,10639,479,80636,217,8791,310,8681,144,611663,419653,8556,330,948



Balance Sheet

Currency in ARS. All numbers in thousands.




Cash Flow

Currency in ARS. All numbers in thousands.




Income Statement

Currency in ARS. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue2,828,788,278
Cost of Revenue-0
Gross Profit02,828,788,278
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative424,071,674
Selling And Marketing Expenses0
Operating Expense0424,071,674
 
Net Interest Income (+$)
Interest Income2,446,332,749
Interest Expense-1,621,299,160
Other Finance Cost-0
Net Interest Income825,033,589
 
Pretax Income (+$)
Operating Income0
Net Interest Income825,033,589
Other Non-Operating Income Expenses0
Income Before Tax (EBT)869,996,2080
EBIT - interestExpense = -1,621,299,160
587,324,400
2,208,623,560
Interest Expense1,621,299,160
Earnings Before Interest and Taxes (EBIT)02,491,295,368
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax869,996,208
Tax Provision-282,321,067
Net Income From Continuing Ops587,675,141587,675,141
Net Income587,324,400
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-825,033,589
 

Technical Analysis of Macro
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Macro. The general trend of Macro is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Macro's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Banco Macro SA B.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 6,800 < 6,949 < 6,949.

The bearish price targets are: 6,247 > 5,983 > 5,050.

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Banco Macro SA B Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Banco Macro SA B. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Banco Macro SA B Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Banco Macro SA B. The current macd is -60.65291343.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Macro price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Macro. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Macro price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Banco Macro SA B Daily Moving Average Convergence/Divergence (MACD) ChartBanco Macro SA B Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Banco Macro SA B. The current adx is 29.40.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Macro shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Banco Macro SA B Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Banco Macro SA B. The current sar is 7,448.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Banco Macro SA B Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Banco Macro SA B. The current rsi is 39.59. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Banco Macro SA B Daily Relative Strength Index (RSI) ChartBanco Macro SA B Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Banco Macro SA B. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Macro price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Banco Macro SA B Daily Stochastic Oscillator ChartBanco Macro SA B Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Banco Macro SA B. The current cci is -135.10671389.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Banco Macro SA B Daily Commodity Channel Index (CCI) ChartBanco Macro SA B Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Banco Macro SA B. The current cmo is -28.61375423.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Banco Macro SA B Daily Chande Momentum Oscillator (CMO) ChartBanco Macro SA B Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Banco Macro SA B. The current willr is -57.79220779.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Macro is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Banco Macro SA B Daily Williams %R ChartBanco Macro SA B Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Banco Macro SA B.

Banco Macro SA B Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Banco Macro SA B. The current atr is 229.24.

Banco Macro SA B Daily Average True Range (ATR) ChartBanco Macro SA B Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Banco Macro SA B. The current obv is 23,169,188.

Banco Macro SA B Daily On-Balance Volume (OBV) ChartBanco Macro SA B Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Banco Macro SA B. The current mfi is 32.49.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Banco Macro SA B Daily Money Flow Index (MFI) ChartBanco Macro SA B Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Banco Macro SA B.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-17STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-24CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-04-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-03ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-05-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-23ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-05MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-06-12MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-06-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-06-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-10MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-16STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Banco Macro SA B Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Banco Macro SA B based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.592
Ma 20Greater thanMa 507,082.527
Ma 50Greater thanMa 1007,111.455
Ma 100Greater thanMa 2006,011.436
OpenGreater thanClose6,650.000
Total2/5 (40.0%)
Penke

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