GRUPO FINANCIERO GALICIA-ADR (GGAL) Technical Analysis
NASDAQ:GGAL • US3999091008
Current stock price
48.85 USD
+0.73 (+1.52%)
At close:
48.85 USD
0 (0%)
After Hours:
GGAL Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to GGAL. Recently some decent action could be observed, but in the medium term time frame this is still negative. GGAL was also a bad performer in the overall market in the last year.
- 82% of all other stocks performed better in the past year than GGAL.
- GGAL is one of the lesser performing stocks in the Banks industry. 93% of 377 stocks in the same industry do better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month GGAL has a been trading in the 40.54 - 49.63 range, which is quite wide. It is currently trading near the high of this range.
- GGAL has an average volume of 1250200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
GGAL Weekly and Daily overview Charts
GGAL Setup Rating and Analysis
GGAL has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
GGAL Support and Resistance Analysis
26.38
55.88
We found 4 important support areas.
- A support zone ranging from 46.30 to 46.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.05 to 45.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.69 to 43.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.65 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 48.86 to 48.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 51.74 to 51.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.33 from a trend line in the weekly time frame.
GGAL Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for GGAL is up. |
| ChartMill Relative Strength | 18.18 | NEGATIVE | GGAL has a low relative strength, it was outperformed by 81.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGAL is above the rising 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) | DOWN | MIXED | The current price of GGAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.13 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests GGAL has a positive trend. |
| Stochastics (14,3) | 85.95 | OVERBOUGHT | The high Stochastics value suggests GGAL may be overbought. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for GGAL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.08 | NEGATIVE | The low ADX value for GGAL suggests a weak or negative trend. |
GGAL Chart- and CandleStick Pattern Analysis
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)
GGAL Technicals: Chart, Performance Metrics, Trend & Indicators
48.85
+0.73 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.52%
1 Week5.71%
2 Weeks14.4%
1 Month18.8%
3 Month-4.94%
6 Month50.35%
12 Month-21.15%
2 Year50.63%
3 Year324.05%
5 Year552.2%
10 Year71.58%
15 Year282.24%
Volatility
ATR(14)2.3
ATR(20)%4.59%
ATR Inc-26.21%
Range Today2.17
ADR(20)2.15
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.18
3 months CRS33.16
6 months CRS94.45
Mansfield-0.49
10 Day High49.63
10 Day Low42.24
20 Day High49.63
20 Day Low40.54
52 Week High66.24
52 Week Low25.89
CS1 End46.82
CR1 Start48.86
Volume & EV
DER(3)4.14%
DER(5)4.3%
Volume620.80K
Volume Incr-28.55%
Vol(5)848.13K
Vol(50)1.25M
GRUPO FINANCIERO GALICIA-ADR / GGAL TA FAQ
What is the ChartMill technical rating of GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
ChartMill assigns a technical rating of 3 / 10 to GGAL.
Can you provide the trend direction for GRUPO FINANCIERO GALICIA-ADR?
The current trend direction for GRUPO FINANCIERO GALICIA-ADR (GGAL) is Bearish.
What is the RSI signal for GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has an RSI value of 61.1348. 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.