Macro Bank Inc. (BMA) Jumped Up 1.9%, But Why?

After completing its last trading session, Macro Bank Inc. (BMA) spiked up by 1.9% – here is what that looked like (as of 2019-11-08):

What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 34.247, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.881, an Accumulation/Distribution Index (ADI) of 1.881, an On-Balance Volume (OBV) of 1078.447, and a Chaiikin Money Flow (CMF) of -23.36. 1.635

Now let’s take all these indicators into account. According to Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Macro Bank Inc. (BMA). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen