GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
USA - NASDAQ:GGAL - US3999091008 - ADR
33.13 USD
-1.37 (-3.97%)
33 USD
-0.13 (-0.39%)
Overall GGAL gets a technical rating of 1 out of 10. GGAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than GGAL.
GGAL is one of the lesser performing stocks in the Banks industry. 94% of 392 stocks in the same industry do better.
GGAL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
GGAL has an average volume of 2910760 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 25.89 - 36.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GGAL 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.
More info and screens
26.19
48.66
When analyzing the support we notice one important area.
- A support zone ranging from 26.45 to 26.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @34.51 from a horizontal line in the daily time frame.
- Resistance @44.13 from a trend line in the daily time frame.
- Resistance @48.18 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 | DOWN | NEGATIVE | The long term trend for GGAL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GGAL is neutral. |
| ChartMill Relative Strength | 7.28 | NEGATIVE | GGAL has a low relative strength, it was outperformed by 92.72% 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 | NEGATIVE | The current price of GGAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GGAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests GGAL has a positive trend. |
| Stochastics (14,3) | 58.11 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.08 | POSITIVE | The high ADX value value for GGAL suggests a strong 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)
33.13
-1.37 (-3.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.97%
1 Week15.48%
2 Weeks12%
1 Month10.62%
3 Month-29.66%
6 Month-38.5%
12 Month-33.43%
2 Year195.54%
3 Year326.93%
5 Year429.23%
10 Year23.85%
15 Year154.26%
Volatility
ATR(14)2.37
ATR(20)%7.27%
ATR Inc95.12%
Range Today2.67
ADR(20)2.13
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.28
Mansfield-4.4
10 Day High34.54
10 Day Low26.06
20 Day High36.35
20 Day Low25.89
52 Week High74
52 Week Low25.89
CS1 End26.81
CR1 Start34.51
Volume & EV
DER(3)6.24%
DER(5)3.98%
Volume4.70M
Volume Incr-5.34%
Vol(5)3.81M
Vol(50)2.91M