Grupo Supervielle
Financials-Banking & Investments services
Grupo Supervielle SA operates as a holding company. The firm engages in the provision of banking services. It operates through the following segments: Retail Banking, Corporate Banking, Treasury, Consumer, Insurance and Asset Management and Other Services. The Retail Banking segment involves in granting of loans and other credit products such as deposits of physical persons. The Corporate Banking segment focuses in advisory services at a corporate and financial level, as well as the administration of assets and loans targeted to big clients. The Treasury segment operates with Government Securities of the Group, syndicated loans, and financial lease. The Consumer segment consists of loans and other credit products targeted to middle and lower-middle income sectors and non-financial products and services. The Insurance segment comprises insurance products, with a focus on life insurance. The Asset Management and Other Services segment offers mutual funds and other products and services. The company was founded on October 8, 1979 and is headquartered in Buenos Aires, Argentina. The listed name for SUPV is Grupo Supervielle S.A.
Financials
Since Q1 20 (starting of the pandemic) this company has made major efforts into creating cash flow and generating revenue. Two good items to see in a company that has made adjustments and has a plan for growth.
Support and Resistance
This stock is showing healthy resistance at the $1.50 -$2 level. Resistance doesn’t show until the $3+ level.
Weekly Chart
on this weekly chart you can see that once this stock breaks past the 20ema there is no clear resistance. of course this is dependant upon the shorts that are in here. (we will cover that later.)
The weekly $SUPV RSI still has plenty of room to grow.
$SUPV Key Statistics
Stochastics is high but with the MACD cross, market cap of 190M and a free float of just 71M, this has potential.
2HR Chart
As you can see on the 2HR chart this stock has gained quite the momentumm and just got the positive MACD cross.
RSI is still somewhat high but the MACD shows plenty of room.
final Thought
this is a great opportunity to bring in 50% + on a relatively short lived investment. Grupo Supervielle has great opportunities for growth in the long run so taking some profit and investing for a long term can be a good idea.
The Banking/Investment sector still has room for growth. More and more investors for stocks, bonds, real estate are coming into play.
This is definitely a sector that can see a huge upside going into a more relaxed (back to business) economy.
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