Taking everything into account, GGAL scores 5 out of 10 in our technical rating. In the last year, GGAL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- Both the short term and long term trends are positive. This is a very positive sign.
- GGAL has an average volume of 1219710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that GGAL is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- GGAL is an average performer in the Banks industry, it outperforms 68% of 383 stocks in the same industry.
- GGAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GGAL is lagging the market.
- In the last month GGAL has a been trading in the 50.12 - 56.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGAL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 55.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GGAL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
26.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.38 to 51.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.65 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 55.44 to 55.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.23 from a trend line in the weekly time frame.
- A resistance zone ranging from 59.14 to 59.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for GGAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGAL is up. |
| ChartMill Relative Strength | 77.55 | POSITIVE | GGAL has a high relative strength, it outperformed 77.55% 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) | DOWN | MIXED | The current price of GGAL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.9 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests GGAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.57 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GGAL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.95 | NEGATIVE | The low ADX value for GGAL suggests a weak or negative trend. |
53.74
-0.03 (-0.06%)
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 trend direction for GGAL stock?
The current trend direction for GRUPO FINANCIERO GALICIA-ADR (GGAL) is Bullish.
What is the RSI signal for GGAL stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has an RSI value of 52.9034. This indicates that the stock is currently neutral.
What is the short term momentum for GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
The short term momentum for GRUPO FINANCIERO GALICIA-ADR (GGAL) is positive.
Can you provide the support and resistance levels for GRUPO FINANCIERO GALICIA-ADR?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has a support level at 51.38 and a resistance level at 55.44. Check the full technical report for our detailed analysis of GGAL support and resistance levels.