GALP ENERGIA SGPS SA (GALP.LS)       11.69  +0.05 (+0.43%)

11.69  +0.05 (+0.43%)

PTGAL0AM0009 - Common Stock

Technical Rating

9

We assign a technical rating of 9 out of 10 to GALP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GALP is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, GALP did better than 96% of all other stocks.
GALP is part of the Oil, Gas & Consumable Fuels industry. There are 37 other stocks in this industry. GALP outperforms 72% of them.
GALP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so GALP slightly outperforms the market at the moment.
GALP has an average volume of 2869970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GALP has a been trading in the 10.86 - 12.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 6.47% 12.73% -5.76% 39.20% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.72 8.06 - 13.06
GALP Weekly chart
GALP Daily chart

Support/Resistance Analysis


9.40

11.81
4 important support areas can be observed.
  • A support zone ranging from 11.54 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.80 to 10.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @9.68 from a trend line in the weekly time frame.
  • Support @9.49 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

GALP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 11.68, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
11.7811.530.25 (2.12%)25.00%
An entry @11.78. This is a Buy Stop order right above the 10 day moving average.An exit @11.53. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.25 points, which is 2.12%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%.

  • The distance between exit and entry is rather small compared to the average daily movement of GALP. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GALP Daily chart

GALP ENERGIA SGPS SA11.69

ELI:GALP (12/8/2022, 5:29:50 PM)+0.05 (+0.43%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 0.43% 1 Week -0.68%
2 Weeks 1.12% 1 Month 6.47%
3 Month 12.73% 6 Month -5.76%
Volatility
ATR(14) 0.33 ATR(20)% 2.79%
ATR Inc 15.05% Range Today 0.3
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.72 Mansfield 1.4
10 Day High 12.28 10 Day Low 11.22
20 Day High 12.28 20 Day Low 10.86
52 Week High 13.06 52 Week Low 8.06
CS1 End 11.68 CR1 Start N/A
Volume & EV
DER(3) 1.47% DER(5) 0.66%
Volume 470.29K Volume Incr -26.91%
Vol(5) 1.88M Vol(50) 2.87M

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