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BMA (Macro) Stock Analysis
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.

  • πŸ“Š Fundamental Analysis (FA) – Macro’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Macro’s Price Targets

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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1. Quick Overview

1.1. Quick analysis of Macro (30 sec.)










1.2. 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?
ARS0.58
When do you have the money?
1 year
How often do you get paid?
84.0%

What is your share worth?

Current worth
ARS6,448.35
Expected worth in 1 year
ARS3,077.79
How sure are you?
96.0%

+ What do you gain per year?

Total Gains per Share
ARS-2,639.32
Return On Investment
-29.8%

For what price can you sell your share?

Current Price per Share
ARS8,870.00
Expected price per share
ARS7,864 - ARS11,600
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Macro (5 min.)




Live pricePrice per Share (EOD)
ARS8,870.00
Intrinsic Value Per Share
ARS-40,594.78 - ARS-49,256.37
Total Value Per Share
ARS-34,146.43 - ARS-42,808.02

2.2. Growth of Macro (5 min.)




Is Macro growing?

Current yearPrevious yearGrowGrow %
How rich?$3.2b$3b$1b25.6%

How much money is Macro making?

Current yearPrevious yearGrowGrow %
Making money$52.6m$118.7m-$66m-125.6%
Net Profit Margin-2.4%13.0%--

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

2.3. Financial Health of Macro (5 min.)




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




  Industry Rankings (Banks - Regional)  

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3. Summary and Key Metrics

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

Welcome investor! Macro's management wants to use your money to grow the business. In return you get 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 ARS8,870. 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 ARS6,448.35. Based on the TTM, the Book Value Change Per Share is ARS-842.64 per quarter. Based on the YOY, the Book Value Change Per Share is ARS2,254.35 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 ARS182.81 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?

 MRQTTMYOY3Y5Y10Y
 ARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per ShareARS% of Price per Share
Usd Eps0.170.0%0.080.0%0.180.0%0.090.0%0.060.0%0.050.0%
Usd Book Value Change Per Share0.600.0%-0.670.0%1.800.0%0.410.0%0.250.0%0.210.0%
Usd Dividend Per Share0.040.0%0.150.0%0.000.0%0.050.0%0.030.0%0.030.0%
Usd Total Gains Per Share0.640.0%-0.530.0%1.800.0%0.460.0%0.280.0%0.230.0%
Usd Price Per Share9.16-6.43-1.26-2.67-1.68-1.38-
Price to Earnings Ratio13.78-6.49-12.73-9.05-7.84-6.74-
Price-to-Total Gains Ratio14.26-5.66-0.95-3.35-120.29-98.15-
Price to Book Ratio1.78-1.24-0.27-0.72-0.79-1.11-
Price-to-Total Gains Ratio14.26-5.66-0.95-3.35-120.29-98.15-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.096
Number of shares140
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.150.03
Usd Book Value Change Per Share-0.670.25
Usd Total Gains Per Share-0.530.28
Gains per Quarter (140 shares)-73.9039.64
Gains per Year (140 shares)-295.60158.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
182-378-30618141149
2164-755-60236281308
3246-1133-89853422467
4328-1510-119471563626
5409-1888-149089704785
6491-2265-1786107844944
7573-2643-20821259851103
8655-3020-237814311261262
9737-3398-267416012671421
10819-3775-297017814071580

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 Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%23.02.00.092.0%23.02.00.092.0%
Book Value Change Per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%24.01.00.096.0%24.01.00.096.0%
Dividend per Share4.00.00.0100.0%10.00.02.083.3%16.00.04.080.0%21.00.04.084.0%21.00.04.084.0%
Total Gains per Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%24.01.00.096.0%24.01.00.096.0%
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3.2. 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+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--747.633-842.641+213%2254.352-67%506.266+48%314.124+138%257.934+190%
Book Value Per Share--6448.3528009.473-19%5818.429+11%4812.524+34%2990.633+116%2413.516+167%
Current Ratio---0.146-100%0.115-100%0.277-100%0.412-100%0.443-100%
Debt To Asset Ratio--0.7200.560+29%0.050+1342%0.455+58%0.586+23%0.632+14%
Debt To Equity Ratio--2.5792.074+24%0.185+1291%1.781+45%2.529+2%2.924-12%
Dividend Per Share--55.239182.810-70%0.040+136466%64.388-14%39.773+39%32.784+68%
Enterprise Value---3249074312200.000-928736087795.930-71%1454606311714.812-323%-104388190799.706-97%-238752551055.823-93%-221620808554.707-93%
Eps--207.779103.874+100%220.655-6%112.957+84%72.263+188%60.037+246%
Ev To Sales Ratio---0.747-0.524-30%0.642-216%-0.618-17%-1.870+150%-1.819+143%
Free Cash Flow Per Share---868.706466.748-286%-64.577-93%194.930-546%129.991-768%129.991-768%
Free Cash Flow To Equity Per Share---1044.879523.080-300%-64.661-94%233.307-548%148.263-805%148.263-805%
Gross Profit Margin--1.0000.986+1%0.918+9%0.968+3%0.981+2%0.985+2%
Intrinsic Value_10Y_max---49256.374----------
Intrinsic Value_10Y_min---40594.782----------
Intrinsic Value_1Y_max---47.688----------
Intrinsic Value_1Y_min---43.967----------
Intrinsic Value_3Y_max---3868.617----------
Intrinsic Value_3Y_min---3618.095----------
Intrinsic Value_5Y_max---12180.856----------
Intrinsic Value_5Y_min---10985.323----------
Market Cap5571938718080.000-29%7192637916800.0005103221924954.070+41%1026784763714.812+601%2128969840283.628+238%1336251258644.177+438%1102322530725.293+552%
Net Profit Margin--0.120-0.024+120%0.130-8%0.059+105%0.124-3%0.139-14%
Operating Margin----0.1360%0.153-100%0.013-100%0.008-100%0.006-100%
Operating Ratio---0.282-100%-0.8040%-0.1670%-0.1000%0.053-100%
Pb Ratio1.376-29%1.7761.245+43%0.267+565%0.723+145%0.795+123%1.114+59%
Pe Ratio10.672-29%13.7776.491+112%12.732+8%9.046+52%7.842+76%6.742+104%
Price Per Share8870.000-29%11450.0008033.575+43%1579.613+625%3338.338+243%2095.100+447%1720.674+565%
Price To Free Cash Flow Ratio-2.553+23%-3.29525414.413-100%-5.250+59%8470.135-100%5082.413-100%4065.930-100%
Price To Total Gains Ratio11.048-29%14.2615.663+152%0.947+1406%3.354+325%120.294-88%98.146-85%
Quick Ratio---0.069-100%0.087-100%0.120-100%0.085-100%0.070-100%
Return On Assets--0.0090.006+57%0.027-66%0.013-29%0.011-19%0.011-18%
Return On Equity--0.0320.016+95%0.093-65%0.044-28%0.043-25%0.046-29%
Total Gains Per Share--802.872-659.831+182%2254.392-64%570.654+41%353.897+127%290.718+176%
Usd Book Value--3240570081.6004080898541.800-21%3035337571.400+7%2476019304.400+31%1538342213.040+111%1242461767.808+161%
Usd Book Value Change Per Share--0.598-0.674+213%1.803-67%0.405+48%0.251+138%0.206+190%
Usd Book Value Per Share--5.1596.408-19%4.655+11%3.850+34%2.393+116%1.931+167%
Usd Dividend Per Share--0.0440.146-70%0.000+136466%0.052-14%0.032+39%0.026+68%
Usd Enterprise Value---2599259449.760-742988870.237-71%1163685049.372-323%-83510552.640-97%-191002040.845-93%-177296646.844-93%
Usd Eps--0.1660.083+100%0.177-6%0.090+84%0.058+188%0.048+246%
Usd Free Cash Flow---436561427.200240466785.004-282%-28460449.200-93%93497138.801-567%61100698.721-814%48880558.977-993%
Usd Free Cash Flow Per Share---0.6950.373-286%-0.052-93%0.156-546%0.104-768%0.104-768%
Usd Free Cash Flow To Equity Per Share---0.8360.418-300%-0.052-94%0.187-548%0.119-805%0.119-805%
Usd Market Cap4457550974.464-29%5754110333.4404082577539.963+41%821427810.972+601%1703175872.227+238%1069001006.915+438%881858024.580+552%
Usd Price Per Share7.096-29%9.1606.427+43%1.264+625%2.671+243%1.676+447%1.377+565%
Usd Profit--104417719.20052620568.600+98%118706655.400-12%59744728.533+75%37892613.520+176%31059770.528+236%
Usd Revenue--869418552.800808528965.874+8%624730497.400+39%516963821.225+68%320518650.015+171%260391244.588+234%
Usd Total Gains Per Share--0.642-0.528+182%1.804-64%0.457+41%0.283+127%0.233+176%
 EOD+3 -5MRQTTM+18 -20YOY+11 -273Y+18 -205Y+19 -1910Y+21 -18

3.3 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)Between0-1510.672
Price to Book Ratio (EOD)Between0-11.376
Net Profit Margin (MRQ)Greater than00.120
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.720
Debt to Equity Ratio (MRQ)Less than12.579
Return on Equity (MRQ)Greater than0.150.032
Return on Assets (MRQ)Greater than0.050.009
Total3/10 (30.0%)

3.4 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 than5033.164
Ma 20Greater thanMa 5010,024.000
Ma 50Greater thanMa 10010,238.500
Ma 100Greater thanMa 20010,690.800
OpenGreater thanClose9,300.000
Total2/5 (40.0%)

4. In-depth Analysis

4.1 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 2025-05-30 04:54:06.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compareΒ Macro to theΒ Banks - Regional industry mean.
  • A Net Profit Margin of 12.0%Β means thatΒ $0.12 for each $1Β 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 12.0%. The company is making a huge profit. +2
  • The TTM is -2.4%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ12.0%TTM-2.4%+14.4%
TTM-2.4%YOY13.0%-15.4%
TTM-2.4%5Y12.4%-14.8%
5Y12.4%10Y13.9%-1.6%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ12.0%41.9%-29.9%
TTM-2.4%31.1%-33.5%
YOY13.0%29.6%-16.6%
3Y5.9%29.0%-23.1%
5Y12.4%25.7%-13.3%
10Y13.9%22.1%-8.2%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Macro is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Macro to theΒ Banks - Regional industry mean.
  • 0.9% Return on Assets means thatΒ Macro generatedΒ $0.01 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 0.9%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.9%TTM0.6%+0.3%
TTM0.6%YOY2.7%-2.1%
TTM0.6%5Y1.1%-0.5%
5Y1.1%10Y1.1%+0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9%0.2%+0.7%
TTM0.6%0.2%+0.4%
YOY2.7%0.2%+2.5%
3Y1.3%0.2%+1.1%
5Y1.1%0.2%+0.9%
10Y1.1%0.2%+0.9%
4.3.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compareΒ Macro to theΒ Banks - Regional industry mean.
  • 3.2% Return on Equity means Macro generated $0.03Β for eachΒ $1 the owners (shareholders) invested.

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

  • The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.2%TTM1.6%+1.6%
TTM1.6%YOY9.3%-7.7%
TTM1.6%5Y4.3%-2.6%
5Y4.3%10Y4.6%-0.3%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2%2.8%+0.4%
TTM1.6%2.2%-0.6%
YOY9.3%2.6%+6.7%
3Y4.4%2.5%+1.9%
5Y4.3%2.4%+1.9%
10Y4.6%2.6%+2.0%
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4.3.2. Operating Efficiency of Banco Macro SA B.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Macro is operatingΒ .

  • 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 compareΒ Macro to theΒ Banks - Regional industry mean.
  • An Operating Margin of 0.0%Β means the company generated $0.00 Β 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-13.6%+13.6%
TTM-13.6%YOY15.3%-28.9%
TTM-13.6%5Y0.8%-14.4%
5Y0.8%10Y0.6%+0.2%
4.3.2.2. Operating Ratio

Measures how efficient Macro is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ 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-TTM0.282-0.282
TTM0.282YOY-0.804+1.086
TTM0.2825Y-0.100+0.382
5Y-0.10010Y0.053-0.154
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4.4.3. Liquidity of Banco Macro SA B.

4.4.3. Liquidity
4.4.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare toΒ Banks - Regional industry mean).
  • A Current Ratio of 0.00Β 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-TTM0.146-0.146
TTM0.146YOY0.115+0.032
TTM0.1465Y0.412-0.265
5Y0.41210Y0.443-0.032
4.4.3.2. Quick Ratio

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

  • Above 1 is considered healthy butΒ always compareΒ Macro to theΒ Banks - Regional industry mean.
  • A Quick Ratio of 0.00Β 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-TTM0.069-0.069
TTM0.069YOY0.087-0.018
TTM0.0695Y0.085-0.016
5Y0.08510Y0.070+0.015
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4.5.4. Solvency of Banco Macro SA B.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of MacroΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Macro to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.72Β means that Macro assets areΒ financed with 72.0% credit (debt) and the remaining percentage (100% - 72.0%)Β is financed by its owners/shareholders.Β 

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

  • The MRQ is 0.720. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.560. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.720TTM0.560+0.161
TTM0.560YOY0.050+0.510
TTM0.5605Y0.586-0.026
5Y0.58610Y0.632-0.046
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7200.912-0.192
TTM0.5600.914-0.354
YOY0.0500.331-0.281
3Y0.4550.655-0.200
5Y0.5860.761-0.175
10Y0.6320.845-0.213
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Macro is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Macro to theΒ Banks - Regional industry mean.
  • A Debt to Equity ratio of 257.9% means that company has $2.58 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 2.579. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.074. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.579TTM2.074+0.505
TTM2.074YOY0.185+1.888
TTM2.0745Y2.529-0.455
5Y2.52910Y2.924-0.395
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.57910.416-7.837
TTM2.07410.683-8.609
YOY0.1854.228-4.043
3Y1.7817.922-6.141
5Y2.5299.283-6.754
10Y2.92411.348-8.424
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every $1 in earnings Macro generates.

  • Above 15 is considered overpriced butΒ always compareΒ Macro to theΒ Banks - Regional industry mean.
  • A PE ratio of 13.78 means the investor is paying $13.78Β 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 10.672. Based on the earnings, the company is underpriced. +1
  • The MRQ is 13.777. Based on the earnings, the company is underpriced. +1
  • The TTM is 6.491. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD10.672MRQ13.777-3.104
MRQ13.777TTM6.491+7.286
TTM6.491YOY12.732-6.242
TTM6.4915Y7.842-1.351
5Y7.84210Y6.742+1.100
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD10.6724.020+6.652
MRQ13.7773.875+9.902
TTM6.4916.132+0.359
YOY12.7324.741+7.991
3Y9.0465.925+3.121
5Y7.8428.400-0.558
10Y6.7429.118-2.376
4.6.2.2. 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 EOD is -2.553. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.295. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 25,414.413. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.553MRQ-3.295+0.742
MRQ-3.295TTM25,414.413-25,417.708
TTM25,414.413YOY-5.250+25,419.663
TTM25,414.4135Y5,082.413+20,332.000
5Y5,082.41310Y4,065.930+1,016.483
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD-2.5530.348-2.901
MRQ-3.2950.336-3.631
TTM25,414.4130.632+25,413.781
YOY-5.250-1.072-4.178
3Y8,470.1352.007+8,468.128
5Y5,082.4130.284+5,082.129
10Y4,065.9300.095+4,065.835
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Macro is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Banks - Regional industry mean).
  • A PB ratio of 1.78 means the investor is paying $1.78Β 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 1.376. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.776. Based on the equity, the company is underpriced. +1
  • The TTM is 1.245. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.376MRQ1.776-0.400
MRQ1.776TTM1.245+0.531
TTM1.245YOY0.267+0.978
TTM1.2455Y0.795+0.450
5Y0.79510Y1.114-0.319
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD1.3760.448+0.928
MRQ1.7760.432+1.344
TTM1.2450.446+0.799
YOY0.2670.149+0.118
3Y0.7230.355+0.368
5Y0.7950.578+0.217
10Y1.1140.801+0.313
4.6.2. Total Gains per Share

2.4. Latest News of Banco Macro SA B

Does Banco Macro SA B still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Banco Macro SA B to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2025-06-10
17:40
BMA vs. ITUB: Which Stock Is the Better Value Option?Read
2025-06-10
15:35
Down 18.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Banco Macro (BMA)Read
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6. Financial Statements




6.1. Reversals in quarterly reports

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

 2023-12-312024-03-312024-06-302024-09-302024-12-31
Retained Earnings  203,502,666963,323,3341,166,826,000-1,072,751,08994,074,911102,285,089196,360,000-717,995,019-521,635,019



6.2. Latest Balance Sheet

Balance Sheet of 2024-12-31. Currency in ARS. All numbers in thousands.

Summary
Total Assets14,492,424,831
Total Liabilities10,441,712,229
Total Stockholder Equity4,049,083,078
 As reported
Total Liabilities 10,441,712,229
Total Stockholder Equity+ 4,049,083,078
Total Assets = 14,492,424,831

Assets

Total Assets14,492,424,831
Total Current Assets-
Long-term Assets-
Total Current Assets
Cash And Cash Equivalents 2,776,111,551
Short-term Investments 438,703,737
Net Receivables 508,309,007
Total Current Assets  (as reported)0
Total Current Assets  (calculated)3,723,124,295
+/- 3,723,124,295
Long-term Assets
Property Plant Equipment 788,293,011
Long Term Investments 4,168,923,788
Intangible Assets 147,475,912
Long-term Assets  (as reported)0
Long-term Assets  (calculated)5,104,692,711
+/- 5,104,692,711

Liabilities & Shareholders' Equity

Total Current Liabilities-
Long-term Liabilities-
Total Stockholder Equity4,049,083,078
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
Total Stockholder Equity (as reported)4,049,083,078
Total Stockholder Equity (calculated)0
+/- 4,049,083,078
Other
Capital Stock639,413
Common Stock Shares Outstanding 628,178
Net Invested Capital 4,481,548,287
Property Plant and Equipment Gross 1,070,890,446



6.3. Balance Sheets Structured

Currency in ARS. All numbers in thousands.

 Trend2024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> 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
2,430,128,841
3,180,398,122
3,708,274,221
6,718,211,111
9,998,066,000
11,701,264,888
14,237,764,000
14,492,424,831
14,492,424,83114,237,764,00011,701,264,8889,998,066,0006,718,211,1113,708,274,2213,180,398,1222,430,128,8412,090,455,0001,765,122,0001,376,117,0001,140,634,000997,701,000810,893,000810,893,000765,793,000769,901,000730,723,000625,359,581506,782,000445,239,870402,656,506377,456,839390,296,000351,232,991
   > 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
429,468,486
375,628,903
455,174,316
621,687,341
1,890,170,255
1,150,505,000
2,078,677,322
3,468,228,000
0
03,468,228,0002,078,677,3221,150,505,0001,890,170,255621,687,341455,174,316375,628,903429,468,486908,323,419632,869,528451,358,018413,423,834375,202,089364,313,326351,937,252381,095,957334,149,140310,147,404186,204,817160,757,366160,613,006192,588,380182,315,909137,712,450
       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
297,608,616
331,679,268
447,528,289
1,203,105,095
1,149,472,000
1,633,431,000
3,468,228,000
2,776,111,551
2,776,111,5513,468,228,0001,633,431,0001,149,472,0001,203,105,095447,528,289331,679,268297,608,616250,089,000201,060,000181,701,000175,531,000172,333,000166,008,000143,465,000153,515,000129,967,000112,934,000103,896,693123,321,000100,680,06396,608,73989,670,12075,307,00080,417,628
       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
346,739
-353,936,041
376,481,893
438,703,737
438,703,737376,481,893-353,936,041346,739291,689,362000429,468,486103,970,17600000000001,087,9160000
       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
1,862,053
343,041
443,561
470,968
441,804
215,228
50,526,000
84,306,000
508,309,007
508,309,00784,306,00050,526,000215,228441,804470,968443,561343,0411,862,05329,859,25226,969,96622,468,07532,992,64520,249,56614,766,30616,298,92318,088,15014,821,31210,758,94711,345,3754,004,9563,694,4283,573,5401,847,4791,806,953
       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
377,698,868
192,461,030
15,479
20,178
26,543
0
2,078,677,322
-84,306,000
0
0-84,306,0002,078,677,322026,54320,17815,479192,461,030377,698,868108,388,422102,517,486102,292,192110,321,90896,757,85380,372,75778,788,88352,857,36269,677,25349,454,60473,885,94555,934,72455,539,92870,616,57757,851,04452,015,208
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
54,308,754
1,303,984,389
1,666,589,863
1,732,910,114
2,779,781,187
5,877,788,000
15,138,385,610
10,769,536,000
0
010,769,536,00015,138,385,6105,877,788,0002,779,781,1871,732,910,1141,666,589,8631,303,984,38954,308,7540000000000000000
       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
135,347,062
153,852,291
208,243,261
356,787,386
542,983,000
646,604,305
730,953,000
788,293,011
788,293,011730,953,000646,604,305542,983,000356,787,386208,243,261153,852,291135,347,062101,864,00086,539,07612,904,36711,116,3019,761,1199,289,2438,305,6877,424,7726,390,3475,830,9735,515,1295,541,2233,099,2783,715,0563,130,2352,846,5353,059,686
       Goodwill 
0
0
210,927
0
0
0
0
0
0
0
0
0
0
0
0
0
0
21,712,438
0
0
0
0
490
0
0
00490000021,712,43800000000000000210,92700
       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
4,026,347
2,623,524
5,445,206
5,567,123,000
5,066,072,000
4,168,923,788
4,168,923,7885,066,072,0005,567,123,0005,445,2062,623,5244,026,3471,607,791,0001,223,504,0001,039,106,000872,841,000618,432,000513,272,000374,160,000339,832,000326,383,000284,501,000299,150,000286,400,000177,810,153122,926,00084,168,62390,809,897109,855,562124,110,0009,442,936
       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
54,308,754
95,887
0
0
75,170,628
0
128,535,510
140,642,680
147,475,912
147,475,912140,642,680128,535,510075,170,6280095,88754,308,75415,016,91412,082,5889,717,5788,404,2797,542,9096,647,3675,817,6695,104,0604,431,8554,123,15903,542,0602,049,1431,843,3951,547,6592,120,595
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-54,308,754
-1,303,984,389
-1,666,589,863
-1,732,910,114
-2,779,781,187
-5,877,788,000
8,794,260,198
-5,937,668,000
0
0-5,937,668,0008,794,260,198-5,877,788,000-2,779,781,187-1,732,910,114-1,666,589,863-1,303,984,389-54,308,7540000000000000000
> 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
109,002,394
130,426,243
178,999,314
441,896,487
480,663,000
8,507,646,781
10,595,005,000
10,441,712,229
10,441,712,22910,595,005,0008,507,646,781480,663,000441,896,487178,999,314130,426,243109,002,3941,577,960,0001,340,223,0001,036,762,000858,274,000759,095,000604,044,000628,396,000595,756,000621,820,000596,799,000506,157,821387,712,000339,183,484326,280,961314,512,686328,208,000290,322,157
   > 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
3,553,092,041
0
0
003,553,092,0410001,938,165,0001,681,757,9071,306,246,0001,246,871,724962,592,878795,474,608703,999,284638,949,378574,873,060542,757,947574,406,645557,122,864468,124,123353,105,796307,301,216293,783,950304,917,606292,137,278261,408,630
       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
0
0
0
000000000000000000002,663,5494,483,0622,457,6103,733,7303,298,495
       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
0
0
0
000000000000000000002,663,5494,483,0622,457,6103,733,7303,298,495
       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
0
0
0
0000001,902,794,0001,464,338,2671,295,395,0001,124,415,761861,077,576677,544,730590,750,194543,224,119493,643,851458,497,178490,168,087493,647,573406,770,029312,005,776263,823,567259,904,044284,943,222273,185,160237,954,419
       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
-37,596,566
-59,846,487
-67,678,386
-292,792,686
-319,764,000
3,549,065,041
-9,617,000
0
0-9,617,0003,549,065,041-319,764,000-292,792,686-67,678,386-59,846,487-37,596,56610,849,000101,517,13586,084,57189,794,46598,242,01879,244,68768,881,02871,980,68971,929,34152,386,73750,425,55134,367,28632,653,56720,869,83612,360,36711,887,15616,560,179
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
109,002,394
130,426,243
178,999,314
441,896,487
480,663,000
4,954,554,740
0
0
004,954,554,740480,663,000441,896,487178,999,314130,426,243109,002,39400000000000000000
       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
0
0
0
0000000000051,132,86752,698,77744,172,97642,233,89944,352,507000000000
       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
10,343
10,491
12,746
12,498,401
13,900,236
13,988,634
13,988,63413,900,23612,498,40112,74610,49110,3433,088,7072,770,8651,965,2581,769,9901,636,29701,420,1721,419,1051,386,5511,278,1421,175,5271,050,4461,008,3580916,9480553,39900
> 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
632,701,088
742,835,828
1,007,570,237
2,043,559,163
3,360,113,000
3,192,839,322
3,641,918,000
4,049,083,078
4,049,083,0783,641,918,0003,192,839,3223,360,113,0002,043,559,1631,007,570,237742,835,828632,701,088512,410,000424,835,000339,320,000282,328,000238,569,000206,847,000182,495,000170,035,000148,079,000133,922,000119,200,330119,069,000106,054,97876,372,80162,944,15362,085,00060,908,329
   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
639,413
639,413
639,413
639,000
639,000
639,000
0
0639,000639,000639,000639,413639,413639,413639,413639,000639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,398669,663669,663669,663
   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
62,321,324
56,510,649
83,673,161
203,502,666
1,166,826,000
94,074,911
196,360,000
-521,635,019
-521,635,019196,360,00094,074,9111,166,826,000203,502,66683,673,16156,510,64962,321,32443,176,000263,795,997209,000,469168,550,135140,028,322117,497,968100,787,82796,585,35789,482,64277,829,00266,651,33069,782,26875,425,98527,323,19514,375,73926,337,00030,641,495
   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
0
0
0
0000000000012,429,78112,429,78112,429,78112,429,78112,429,781000000000
   Treasury Stock0000000000000000000000000
   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
1,321,617
226,220,155
280,169,253
461,397,987
963,504,145
3,357,430,771
1,042,648,600
1,169,210,000
0
01,169,210,0001,042,648,6003,357,430,771963,504,145461,397,987280,169,253226,220,1551,321,617147,970,077117,250,645100,708,65885,471,01276,279,56168,637,76060,380,20645,527,09243,024,10639,479,80636,217,8791,310,8681,144,611663,419653,8556,330,948



6.4. Balance Sheets

Currency in ARS. All numbers in thousands.




6.5. Cash Flows

Currency in ARS. All numbers in thousands.




6.6. Income Statements

Currency in ARS. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in ARS. All numbers in thousands.

Gross Profit (+$)
totalRevenue4,521,612,358
Cost of Revenue--
Gross Profit-4,521,612,358
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-0
 
Operating Expense (+$)
Research Development-
Selling General Administrative961,146,887
Selling And Marketing Expenses-
Operating Expense-961,146,887
 
Net Interest Income (+$)
Interest Income3,551,436,300
Interest Expense-1,942,626,045
Other Finance Cost-0
Net Interest Income1,608,810,255
 
Pretax Income (+$)
Operating Income-
Net Interest Income1,608,810,255
Other Non-Operating Income Expenses-
Income Before Tax (EBT)360,014,6200
EBIT - interestExpense = -1,942,626,045
325,502,107
2,268,128,152
Interest Expense1,942,626,045
Earnings Before Interest and Taxes (EBIT)-2,302,640,665
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax360,014,620
Tax Provision-33,523,388
Net Income From Continuing Ops326,491,232326,491,232
Net Income325,502,107
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--1,608,810,255
 

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 BEARISH with 42.9% 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 (-42.9%) Bearish trend (42.9%)
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. Macro 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.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ 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 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 9,820 < 11,525 < 11,600.

The bearish price targets are: 8,500 > 8,320 > 7,864.

Know someone who trades $BMA? Share this with them.πŸ‘‡

Banco Macro SA B Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ 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 4/14.
The longshort score for the Moving Averages is -6/(-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 lower 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 lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below 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 below 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 theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ 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 -407.00029412.

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 19.14.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-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 below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
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.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Banco Macro SA B. The current sar is 9,661.

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 momentumΒ indicator, meaning the signals are instant.
  • RangesΒ 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 33.16. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Banco Macro SA B Daily Relative Strength Index (RSI) ChartBanco Macro SA B Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ 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 Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D 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
  • Trending down: The STOCH %K is trending down. -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,Β 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 -98.40104047.

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 -43.38882144.

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

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

  • Lagging momentum indicator
  • Ranging between 0 andΒ -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 -95.7537155.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
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 oversoldΒ 

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 453.41.

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)

Β 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 14,136,603.

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 17.98.

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

  • MFI < 50: -1
  • MFI < 20: -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
2025-01-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-01-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-01-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-01-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-01-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-01-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-01-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-01-28STOCH SHORT EXITThe %K line crosses above the %D line.
2025-01-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-02-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-17STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-10CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-17CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-03-31SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-04-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-04BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-15STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-05MACD 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.
2025-05-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-09STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-12DMI 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
2025-05-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-05-15STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-16STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-19CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-28MACD 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-05-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-02BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-04STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-09STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-12STOCH LONG EXITThe %K line crosses below the %D line.

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 than5033.164
Ma 20Greater thanMa 5010,024.000
Ma 50Greater thanMa 10010,238.500
Ma 100Greater thanMa 20010,690.800
OpenGreater thanClose9,300.000
Total2/5 (40.0%)
Penke
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