PTGAL0AM0009 - Common Stock
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.
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.
The following trade can be suggested based on the decent technical rating and setup score.
|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%.|
ELI:GALP (12/8/2022, 5:29:50 PM)+0.05 (+0.43%)
|GICS Industry||Oil, Gas & Consumable Fuels|
|2 Weeks||1.12%||1 Month||6.47%|
|3 Month||12.73%||6 Month||-5.76%|
|ATR Inc||15.05%||Range Today||0.3|
|ST Trend||LT Trend|
|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|
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