Taking everything into account, GGAL scores 5 out of 10 in our technical rating. GGAL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
GGAL has an average technical rating and it also does not offer a high 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.
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26.38
When analyzing the support we can see 4 important areas.
- Support @47.90 from a trend line in the daily time frame.
- A support zone ranging from 46.13 to 46.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.64 from a trend line in the weekly time frame.
- Support @26.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @57.90 from a trend line in the weekly time frame.
- Resistance @60.33 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for GGAL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GGAL is neutral. |
| ChartMill Relative Strength | 75.25 | POSITIVE | GGAL has a high relative strength, it outperformed 75.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GGAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GGAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.05 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests GGAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.88 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 25.03 | POSITIVE | The high ADX value value for GGAL suggests a strong trend. |
51.08
+2.19 (+4.48%)
GRUPO FINANCIERO GALICIA-ADR / GGAL FAQ
What is the ChartMill technical rating of GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
ChartMill assigns a technical rating of 5 / 10 to GGAL.
What is the current trend direction of GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
The current trend direction for GRUPO FINANCIERO GALICIA-ADR (GGAL) is Bearish.
What is the RSI signal for GGAL stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has an RSI value of 56.0527. This indicates that the stock is currently neutral.
What are the support and resistance levels for GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has a support level at 47.9 and a resistance level at 57.9. Check the full technical report for our detailed analysis of GGAL support and resistance levels.