BMA Price Prediction Next Week
Technical Analysis: Based on the latest data, BMA is currently trading at $92.65, showing a regular market increase of 0.52% on February 18, 2025. The stock has formed a bullish pattern with increasing support levels.
Key technical indicators suggest:
- RSI-14 at 43.36 indicates neutral territory but slightly oversold
- MACD (-2.82) with histogram (-0.85) shows weakening bearish momentum
- Bollinger Bands (20,3) show price near lower band, suggesting potential bounce
- Stochastic oscillator (30.58) indicates oversold conditions
News Impact: Recent positive catalysts include:
- Moody's upgrade of BMA's credit ratings
- Improved economic policy predictability in Argentina
- Eased restrictions on cross-border payments
Price Projection for Next Week: Based on Fibonacci levels:
- Resistance levels: R1: $98.42, R2: $101.43
- Support levels: S1: $88.64, S2: $85.63
- Pivot point: $93.53
Trading Recommendation: BUY with entry point at current level ($92.65) Target price: $98.42 (R1) Stop loss: $88.64 (S1)
Rationale: Technical indicators suggest oversold conditions while fundamental improvements and credit rating upgrades provide strong upward momentum potential. The stock is likely to test the first resistance level at $98.42 next week.
BMA Similar Chart Price Prediction
The price of BMA is predicted to go up -0.43%, based on the high correlation periods with YPF. The similarity of these two price pattern on the periods is 98.03%.
BMA
YPF
Down: -0.43%Similarity: 98.03%
