GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
NASDAQ:GGAL - Nasdaq - US3999091008 - ADR - Currency: USD
Overall GGAL gets a technical rating of 9 out of 10. GGAL has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GGAL did better than 95% of all other stocks. On top of that, GGAL also shows a nice and consistent pattern of rising prices.
GGAL is one of the better performing stocks in the Banks industry, it outperforms 97% of 396 stocks in the same industry.
GGAL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GGAL is performing more or less in line with the market.
GGAL has an average volume of 1284350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GGAL has a been trading in the 56.36 - 65.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 63.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.27, a Stop Loss order could be placed below this zone.
More info and screens
41.92
65.04
5 important support areas can be observed.
- A support zone ranging from 57.34 to 58.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.56 from a trend line in the weekly time frame.
- Support @47.83 from a trend line in the daily time frame.
- Support @46.16 from a trend line in the daily time frame.
- Support @42.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.42 to 64.40. 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 | 95.62 | POSITIVE | GGAL has a high relative strength, it outperformed 95.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GGAL is above 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) | UP | POSITIVE | The current price of GGAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.1 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests GGAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.6 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for GGAL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.35 | NEGATIVE | The low ADX value for GGAL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.41 | 58.26 | 6.15 (9.55%) | 10.47% |
| An entry @64.41. This is a Buy Stop order right above the resistance zone. | An exit @58.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.15 points, which is 9.55%. | When investing 10.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NASDAQ:GGAL (5/23/2025, 12:31:08 PM)
62.79
+0.46 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.74%
1 Week0.87%
2 Weeks6.67%
1 Month-1.44%
3 Month5.79%
6 Month12.35%
12 Month91.96%
2 Year425.11%
3 Year576.76%
5 Year678.15%
10 Year211.18%
15 Year1023.06%
Volatility
ATR(14)2.46
ATR(20)%3.88%
ATR Inc-1.24%
Range Today2.59
ADR(20)2.38
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.62
Mansfield2.11
10 Day High65.48
10 Day Low58.27
20 Day High65.48
20 Day Low56.36
52 Week High74
52 Week Low23.53
CS1 End58.27
CR1 Start63.42
Volume & EV
DER(3)-3.01%
DER(5)0.6%
Volume298.29K
Volume Incr-18.43%
Vol(5)933.16K
Vol(50)1.28M