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Banco Macro SA B
Buy, Hold or Sell?

Let's analyse Macro together

PenkeI 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?
ARS0.01
When do you have the money?
1 year
How often do you get paid?
75.0%

What is your share worth?

Current worth
ARS938.17
Expected worth in 1 year
ARS1,473.69
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
ARS541.42
Return On Investment
13.3%

For what price can you sell your share?

Current Price per Share
ARS4,080.20
Expected price per share
ARS2,939 - ARS4,650
How sure are you?
50%
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1. Valuation of Macro (5 min.)




Live pricePrice per Share (EOD)

ARS4,080.20

2. Growth of Macro (5 min.)




Is Macro growing?

Current yearPrevious yearGrowGrow %
How rich?$1.2b$385.5m$483.2m55.6%

How much money is Macro making?

Current yearPrevious yearGrowGrow %
Making money$20.9m$8.8m$12m57.7%
Net Profit Margin13.1%10.6%--

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 ARS4,080. 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 ARS938.17. Based on the TTM, the Book Value Change Per Share is ARS133.88 per quarter. Based on the YOY, the Book Value Change Per Share is ARS51.66 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 ARS1.47 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 Eps0.010.0%0.020.0%0.010.0%0.010.0%0.010.0%
Usd Book Value Change Per Share0.280.0%0.160.0%0.060.0%0.060.0%0.060.0%
Usd Dividend Per Share0.000.0%0.000.0%0.010.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.280.0%0.160.0%0.070.0%0.060.0%0.060.0%
Usd Price Per Share1.76-1.25-0.40-0.49-0.49-
Price to Earnings Ratio52.66-22.38-12.43-11.76-11.76-
Price-to-Total Gains Ratio6.27-8.14-6.08-90.75-90.75-
Price to Book Ratio1.56-1.49-1.12-1.92-1.92-
Price-to-Total Gains Ratio6.27-8.14-6.08-90.75-90.75-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.89624
Number of shares204
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.160.06
Usd Total Gains Per Share0.160.06
Gains per Quarter (204 shares)33.1312.14
Gains per Year (204 shares)132.5448.57
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1113112334639
2326225659288
343933898138137
4652452211184186
5765565513230235
6978778816276284
71091892118322333
8121049105421367382
9131180118724413431
10141311132026459480

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%19.01.00.095.0%19.01.00.095.0%19.01.00.095.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%
Dividend per Share1.00.03.025.0%7.00.05.058.3%15.00.05.075.0%15.00.05.075.0%15.00.05.075.0%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%20.00.00.0100.0%
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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 (ATMs), 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 2024-02-08 05:51:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
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
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 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 fair priced.
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 2.1% means that $0.02 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 2.1%. The company is making a profit. +1
  • The TTM is 13.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ2.1%TTM13.1%-11.0%
TTM13.1%YOY10.6%+2.5%
TTM13.1%5Y17.6%-4.5%
5Y17.6%10Y17.6%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%36.5%-34.4%
TTM13.1%28.8%-15.7%
YOY10.6%24.2%-13.6%
5Y17.6%23.3%-5.7%
10Y17.6%19.7%-2.1%
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.
  • 0.2% Return on Assets means that Macro generated $0.00 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 0.2%. 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+/- 
MRQ0.2%TTM0.6%-0.4%
TTM0.6%YOY0.6%+0.0%
TTM0.6%5Y0.8%-0.2%
5Y0.8%10Y0.8%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%0.3%-0.1%
TTM0.6%0.2%+0.4%
YOY0.6%0.2%+0.4%
5Y0.8%0.2%+0.6%
10Y0.8%0.2%+0.6%
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.
  • 0.7% Return on Equity means Macro generated $0.01 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 0.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM2.6%-1.9%
TTM2.6%YOY2.5%+0.2%
TTM2.6%5Y3.8%-1.2%
5Y3.8%10Y3.8%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7%3.1%-2.4%
TTM2.6%2.7%-0.1%
YOY2.5%2.7%-0.2%
5Y3.8%2.5%+1.3%
10Y3.8%2.9%+0.9%
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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-5Y0.167-0.167
5Y0.16710Y0.1670.000
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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-TTM0.444-0.444
TTM0.444YOY0.635-0.191
TTM0.4445Y0.575-0.131
5Y0.57510Y0.5750.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.234-0.234
TTM0.4440.186+0.258
YOY0.6350.228+0.407
5Y0.5750.233+0.342
10Y0.5750.131+0.444
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-TTM0.023-0.023
TTM0.023YOY0.053-0.030
TTM0.0235Y0.028-0.005
5Y0.02810Y0.0280.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.0230.001+0.022
5Y0.0280.016+0.012
10Y0.0280.013+0.015
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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 0.73 means that Macro assets are financed with 72.8% credit (debt) and the remaining percentage (100% - 72.8%) 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 0.728. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.747. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.728TTM0.747-0.019
TTM0.747YOY0.756-0.009
TTM0.7475Y0.779-0.032
5Y0.77910Y0.7790.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7280.916-0.188
TTM0.7470.917-0.170
YOY0.7560.919-0.163
5Y0.7790.920-0.141
10Y0.7790.928-0.149
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 268.0% means that company has $2.68 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 2.680. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.970. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.680TTM2.970-0.290
TTM2.970YOY3.108-0.138
TTM2.9705Y3.643-0.673
5Y3.64310Y3.6430.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.68010.841-8.161
TTM2.97011.116-8.146
YOY3.10811.414-8.306
5Y3.64311.618-7.975
10Y3.64313.164-9.521
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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 52.66 means the investor is paying $52.66 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 146.404. Based on the earnings, the company is expensive. -2
  • The MRQ is 52.658. Based on the earnings, the company is expensive. -2
  • The TTM is 22.383. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD146.404MRQ52.658+93.746
MRQ52.658TTM22.383+30.276
TTM22.383YOY12.431+9.952
TTM22.3835Y11.764+10.618
5Y11.76410Y11.7640.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD146.4043.677+142.727
MRQ52.6583.814+48.844
TTM22.3835.611+16.772
YOY12.4319.550+2.881
5Y11.76410.088+1.676
10Y11.76410.196+1.568
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-6.710+6.710
TTM-6.710YOY7.277-13.987
TTM-6.7105Y-0.432-6.278
5Y-0.43210Y-0.4320.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.771-0.771
TTM-6.7100.514-7.224
YOY7.2775.763+1.514
5Y-0.4320.476-0.908
10Y-0.4320.138-0.570
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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 1.56 means the investor is paying $1.56 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 4.349. Based on the equity, the company is fair priced.
  • The MRQ is 1.564. Based on the equity, the company is underpriced. +1
  • The TTM is 1.486. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.349MRQ1.564+2.785
MRQ1.564TTM1.486+0.078
TTM1.486YOY1.118+0.368
TTM1.4865Y1.919-0.433
5Y1.91910Y1.9190.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD4.3490.450+3.899
MRQ1.5640.467+1.097
TTM1.4860.520+0.966
YOY1.1180.697+0.421
5Y1.9190.813+1.106
10Y1.9191.069+0.850
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--234.147133.882+75%51.657+353%46.908+399%46.908+399%
Book Value Per Share--938.168681.876+38%304.474+208%265.212+254%265.212+254%
Current Ratio---0.444-100%0.635-100%0.575-100%0.575-100%
Debt To Asset Ratio--0.7280.747-3%0.756-4%0.779-7%0.779-7%
Debt To Equity Ratio--2.6802.970-10%3.108-14%3.643-26%3.643-26%
Dividend Per Share---1.473-100%6.501-100%2.688-100%2.688-100%
Eps--6.96718.443-62%7.615-9%8.885-22%8.885-22%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap4305753456000.000+63%1576371942238.4501108754983559.613+42%353228598000.000+346%435835437106.423+262%435835437106.423+262%
Net Profit Margin--0.0210.131-84%0.106-80%0.176-88%0.176-88%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%0.167-100%0.167-100%
Pb Ratio4.349+64%1.5641.486+5%1.118+40%1.919-18%1.919-18%
Pe Ratio146.404+64%52.65822.383+135%12.431+324%11.764+348%11.764+348%
Price Per Share4080.200+64%1467.5501044.113+41%334.725+338%409.228+259%409.228+259%
Price To Free Cash Flow Ratio----6.7100%7.277-100%-0.4320%-0.4320%
Price To Total Gains Ratio17.426+64%6.2688.142-23%6.080+3%90.755-93%90.755-93%
Quick Ratio---0.023-100%0.053-100%0.028-100%0.028-100%
Return On Assets--0.0020.006-68%0.006-66%0.008-75%0.008-75%
Return On Equity--0.0070.026-72%0.025-70%0.038-81%0.038-81%
Total Gains Per Share--234.147135.355+73%58.158+303%49.597+372%49.597+372%
Usd Book Value--1209282000.000868795800.000+39%385566000.000+214%337754440.680+258%337754440.680+258%
Usd Book Value Change Per Share--0.2810.161+75%0.062+353%0.056+399%0.056+399%
Usd Book Value Per Share--1.1260.818+38%0.365+208%0.318+254%0.318+254%
Usd Dividend Per Share---0.002-100%0.008-100%0.003-100%0.003-100%
Usd Eps--0.0080.022-62%0.009-9%0.011-22%0.011-22%
Usd Free Cash Flow---95824843.200-100%57073750.500-100%37874901.120-100%37874901.120-100%
Usd Market Cap5166904147.200+63%1891646330.6861330505980.272+42%423874317.600+346%523002524.528+262%523002524.528+262%
Usd Price Per Share4.896+64%1.7611.253+41%0.402+338%0.491+259%0.491+259%
Usd Profit--8980800.00020953095.300-57%8870100.000+1%9799413.120-8%9799413.120-8%
Usd Revenue--432924000.000243432623.700+78%96144000.000+350%87830229.240+393%87830229.240+393%
Usd Total Gains Per Share--0.2810.162+73%0.070+303%0.060+372%0.060+372%
 EOD+4 -3MRQTTM+13 -15YOY+16 -135Y+15 -1410Y+15 -14

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)Between0-15146.404
Price to Book Ratio (EOD)Between0-14.349
Net Profit Margin (MRQ)Greater than00.021
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.728
Debt to Equity Ratio (MRQ)Less than12.680
Return on Equity (MRQ)Greater than0.150.007
Return on Assets (MRQ)Greater than0.050.002
Total2/10 (20.0%)

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 than5061.656
Ma 20Greater thanMa 503,956.840
Ma 50Greater thanMa 1003,398.978
Ma 100Greater thanMa 2002,630.359
OpenGreater thanClose3,969.900
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in ARS. All numbers in thousands.

Summary
Total Assets3,708,274,000
Total Liabilities2,700,539,000
Total Stockholder Equity1,007,570,000
 As reported
Total Liabilities 2,700,539,000
Total Stockholder Equity+ 1,007,570,000
Total Assets = 3,708,274,000

Assets

Total Assets3,708,274,000
Total Current Assets-
Long-term Assets-
Total Current Assets
Cash And Cash Equivalents 447,528,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)447,528,000
+/- 447,528,000
Long-term Assets
Property Plant Equipment 208,243,000
Long Term Investments 1,661,609,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,869,852,000
+/- 1,869,852,000

Liabilities & Shareholders' Equity

Total Current Liabilities-
Long-term Liabilities-
Total Stockholder Equity1,007,570,000
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 83,673,000
Total Stockholder Equity (as reported)1,007,570,000
Total Stockholder Equity (calculated)83,673,000
+/- 923,897,000
Other
Capital Stock639,000
Common Stock Shares Outstanding 1,074,152
Net Invested Capital 1,157,506,000



Balance Sheet

Currency in ARS. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> 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
3,708,274,000
3,708,274,0003,180,398,0002,430,129,0002,090,455,0001,765,122,0001,376,117,0001,140,634,000997,701,000810,893,000810,893,000765,793,000769,901,000730,723,000625,359,581506,782,000445,239,870402,656,506377,456,839390,296,000351,232,991
   > 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
01,066,964,0001,373,772,866531,971,000908,323,419632,869,528451,358,018413,423,834375,202,089364,313,326351,937,252381,095,957334,149,140310,147,404186,204,817160,757,366160,613,006192,588,380182,315,909137,712,450
       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
447,528,000
447,528,000331,679,000297,609,000250,089,000201,060,000181,701,000175,531,000172,333,000166,008,000143,465,000153,515,000129,967,000112,934,000103,896,693123,321,000100,680,06396,608,73989,670,12075,307,00080,417,628
       Short-term Investments 
0
0
0
0
1,087,916
0
0
0
0
0
0
0
0
0
0
103,970,176
0
0
0
0
0000103,970,17600000000001,087,9160000
       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
0076,675,15860,046,76729,859,25226,969,96622,468,07532,992,64520,249,56614,766,30616,298,92318,088,15014,821,31210,758,94711,345,3754,004,9563,694,4283,573,5401,847,4791,806,953
       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
0164,988,000192,461,030152,383,000108,388,422102,517,486102,292,192110,321,90896,757,85380,372,75778,788,88352,857,36269,677,25349,454,60473,885,94555,934,72455,539,92870,616,57757,851,04452,015,208
   > Long-term Assets 00000000000000000000
       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
208,243,000
208,243,000153,852,000124,426,000101,864,00086,539,07612,904,36711,116,3019,761,1199,289,2438,305,6877,424,7726,390,3475,830,9735,515,1295,541,2233,099,2783,715,0563,130,2352,846,5353,059,686
       Goodwill 
0
0
210,927
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000210,92700
       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
1,661,609,000
1,661,609,0001,607,791,0001,223,504,0001,039,106,000872,841,000618,432,000513,272,000374,160,000339,832,000326,383,000284,501,000299,150,000286,400,000177,810,153122,926,00084,168,62390,809,897109,855,562124,110,0009,442,936
       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
0021,808,32517,439,76015,016,91412,082,5889,717,5788,404,2797,542,9096,647,3675,817,6695,104,0604,431,8554,123,15903,542,0602,049,1431,843,3951,547,6592,120,595
> 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
2,700,539,000
2,700,539,0002,437,459,0001,797,312,0001,577,960,0001,340,223,0001,036,762,000858,274,000759,095,000604,044,000628,396,000595,756,000621,820,000596,799,000506,157,821387,712,000339,183,484326,280,961314,512,686328,208,000290,322,157
   > 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
01,938,165,0001,681,757,9071,306,246,0001,246,871,724962,592,878795,474,608703,999,284638,949,378574,873,060542,757,947574,406,645557,122,864468,124,123353,105,796307,301,216293,783,950304,917,606292,137,278261,408,630
       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
0000000000000002,663,5494,483,0622,457,6103,733,7303,298,495
       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
0000000000000002,663,5494,483,0622,457,6103,733,7303,298,495
       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
01,902,794,0001,464,338,2671,295,395,0001,124,415,761861,077,576677,544,730590,750,194543,224,119493,643,851458,497,178490,168,087493,647,573406,770,029312,005,776263,823,567259,904,044284,943,222273,185,160237,954,419
       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
024,130,000182,793,44910,849,000101,517,13586,084,57189,794,46598,242,01879,244,68768,881,02871,980,68971,929,34152,386,73750,425,55134,367,28632,653,56720,869,83612,360,36711,887,15616,560,179
   > Long-term Liabilities 00000000000000000000
       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
00000051,132,86752,698,77744,172,97642,233,89944,352,507000000000
       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
0
03,088,7072,770,8651,965,2581,769,9901,636,29701,420,1721,419,1051,386,5511,278,1421,175,5271,050,4461,008,3580916,9480553,39900
> 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
1,007,570,000
1,007,570,000742,836,000632,701,000512,410,000424,835,000339,320,000282,328,000238,569,000206,847,000182,495,000170,035,000148,079,000133,922,000119,200,330119,069,000106,054,97876,372,80162,944,15362,085,00060,908,329
   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
0639,000639,413639,000639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,413639,398669,663669,663669,663
   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
83,673,000
83,673,00056,511,000406,634,59443,176,000263,795,997209,000,469168,550,135140,028,322117,497,968100,787,82796,585,35789,482,64277,829,00266,651,33069,782,26875,425,98527,323,19514,375,73926,337,00030,641,495
   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
00000012,429,78112,429,78112,429,78112,429,78112,429,781000000000
   Treasury Stock00000000000000000000
   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
0673,256,000212,997,300456,165,000147,970,077117,250,645100,708,65885,471,01276,279,56168,637,76060,380,20645,527,09243,024,10639,479,80636,217,8791,310,8681,144,611663,419653,8556,330,948



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, 2022-12-31)

Gross Profit (+$)
totalRevenue348,424,189
Cost of Revenue--
Gross Profit-348,424,189
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-0
 
Operating Expense (+$)
Research Development-
Selling General Administrative112,727,158
Selling And Marketing Expenses-
Operating Expense-112,727,158
 
Net Interest Income (+$)
Interest Income473,841,015
Interest Expense-307,140,282
Other Finance Cost-0
Net Interest Income166,700,733
 
Pretax Income (+$)
Operating Income-
Net Interest Income166,700,733
Other Non-Operating Income Expenses-
Income Before Tax (EBT)62,499,7340
EBIT - interestExpense = -307,140,282
62,492,519
350,178,801
Interest Expense307,140,282
Earnings Before Interest and Taxes (EBIT)-369,640,016
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax62,499,734
Tax Provision-19,454,138
Net Income From Continuing Ops43,045,59643,045,596
Net Income43,038,519
Net Income Applicable To Common Shares43,039,000
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses309,547,000
Total Other Income/Expenses Net--166,700,733
 

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 100.0% 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 (100.0%) Bearish trend (-100.0%)
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 0/(-1 +1).

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

The bullish price targets are: 4,650.

The bearish price targets are: 3,305 > 3,300 > 2,939.

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

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher 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 up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above 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 96.01.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-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 above the zero line (centerline), it indicates a bullish signal for Macro. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Macro price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher 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 32.93.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Macro shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
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 3,434.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish 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 61.66. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • 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 Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +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 9.88385514.

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 28.72.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend 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 -46.35852766.

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 278.60.

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 17,913,545.

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 44.23.

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
2023-09-29SAR 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
2023-10-02CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-10-05DMI 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.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-10-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-17CCI 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).
2023-10-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-10-24SAR 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-26STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-10-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-02MACD 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
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16DMI 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
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH 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).
2023-11-21MACD 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.
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).
2023-11-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01CCI 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).
2023-12-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI 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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24STOCH 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.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-02MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-07CMO 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).
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19DMI 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
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

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 than5061.656
Ma 20Greater thanMa 503,956.840
Ma 50Greater thanMa 1003,398.978
Ma 100Greater thanMa 2002,630.359
OpenGreater thanClose3,969.900
Total4/5 (80.0%)
Penke

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