Banco Macro SA

BMA is trading below its 20/50-day MA confluence with bearish EMA alignment, and the recent bounce off mid-$70s support has been capped near 79–80 without follow-through. Volume uptick on the pullback indicates interest but meets stiff resistance, reinforcing the Stage 3 downtrend. There is a tactical sell opportunity on rejections at the 20/50 MA zone, with a shift only on sustained reclaim above this area.

• ↑Q1 2026 net income reached 139.8 B pesos (+131% YoY), showing robust earnings.
• ↑Guidance set for 42% nominal loan growth in 2026 amid rising credit demand.
• ↓NPL ratio climbed to 5.4%, prompting elevated provisioning levels.