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#15) Banco Macro S.A.(BMA) Forecast Chart for Aug 26, 2019*
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August 23, 2019 (RicochetTrader.com)

Forecast chart for Banco Macro S.A. ( BMA ) for the next 15 trading days, starting on August 26, 2019

On August 23, 2019 Banco Macro S.A. had a closing price of $30.91 with 1,093,400 shares traded. The trading liquidity was $33.80M. The forecast predicted average opening price for trading date August 26, 2019 is $31.07.

Summary Information for Banco Macro S.A. ( BMA ).

Summary of the 10th percentile net composite return.
The best expected daily return of 2.0882% occurs on day 2 where there is a 10% chance that BMA will rise to $36.89 (+18.72%) and there is a 10% chance it will fall to $26.56 (-14.50%). There is a 20% that BMA will cross one of these price levels in 2 days, and adding the returns of +18.72% and -14.50% yields a net composite return of 4.22%. A net return of 4.22% in 2 days is an EDR of 2.0882% per day.

Summary of the 20th percentile net composite return.
The best expected daily return of 1.1731% occurs on day 2 where there is a 20% chance that BMA will rise to $34.81 (+12.05%) and there is a 20% chance it will fall to $28.06 (-9.69%). There is a 40% that BMA will cross one of these price levels in 2 days, and adding the returns of +12.05% and -9.69% yields a net composite return of 2.36%. A net return of 2.36% in 2 days is an EDR of 1.1731% per day.

Summary of the 30th percentile net composite return.
The best expected daily return of 1.0049% occurs on day 2 where there is a 30% chance that BMA will rise to $33.66 (+8.35%) and there is a 30% chance it will fall to $29.10 (-6.33%). There is a 60% that BMA will cross one of these price levels in 2 days, and adding the returns of +8.35% and -6.33% yields a net composite return of 2.02%. A net return of 2.02% in 2 days is an EDR of 1.0049% per day.

Summary of the 40th percentile net composite return.
The best expected daily return of 0.2859% occurs on day 3 where there is a 40% chance that BMA will rise to $32.74 (+5.38%) and there is a 40% chance it will fall to $29.67 (-4.52%). There is a 80% that BMA will cross one of these price levels in 3 days, and adding the returns of +5.38% and -4.52% yields a net composite return of 0.86%. A net return of 0.86% in 3 days is an EDR of 0.2859% per day.

* The forecast for Banco Macro S.A. (BMA) was made using market data after the close on August 23, 2019 but is generated for the next trading day, or August 26, 2019