GALP ENERGIA SGPS SA (GALP.LS)

PTGAL0AM0009 - Common Stock

10.05  -0.39 (-3.78%)

Technical Rating

1

Overall GALP gets a technical rating of 1 out of 10. GALP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



GALP has an average volume of 2562470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
77% of all other stocks performed better in the past year than GALP.
GALP is part of the Oil, Gas & Consumable Fuels industry. There are 41 other stocks in this industry, of which 61% are performing better than GALP.
GALP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GALP is lagging the market.
In the last month GALP has a been trading in the 10.13 - 10.99 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -4.96% -5.56% -13.46% -14.03% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 23.6 9.168 - 13.095
GALP Weekly chart
GALP Daily chart

Support/Resistance Analysis


9.52

11.38
We found 2 important support areas.
  • Support @9.86 from a trend line in the daily time frame.
  • Support @9.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
  • Resistance @10.15 from a trend line in the weekly time frame.
  • Resistance @10.37 from a trend line in the weekly time frame.
  • A resistance zone ranging from 10.55 to 10.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @10.99 from a horizontal line in the weekly time frame.
  • Resistance @11.27 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

The technical rating of GALP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


GALP Daily chart

GALP ENERGIA SGPS SA

ELI:GALP (5/30/2023, 5:29:52 PM)

10.05

-0.39 (-3.78%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.78%
1 Week-0.48%
2 Weeks-2.52%
1 Month-4.96%
3 Month-5.56%
6 Month-13.46%
12 Month-14.03%
Volatility
ATR(14)0.23
ATR(20)%2.54%
ATR Inc-46.76%
Range Today0.41
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.6
Mansfield-1.06
10 Day High10.9
10 Day Low10.32
20 Day High11
20 Day Low10.13
52 Week High13.1
52 Week Low9.17
CS1 End10.37
CR1 Start10.55
Volume & EV
DER(3)2.24%
DER(5)2.16%
Volume639.68K
Volume Incr-15.88%
Vol(5)2.07M
Vol(50)2.56M
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