GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
NASDAQ:GGAL • US3999091008
Taking everything into account, GGAL scores 1 out of 10 in our technical rating. GGAL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, GGAL is a bad performer in the overall market: 75% of all stocks are doing better.
- GGAL is part of the Banks industry. There are 381 other stocks in this industry, of which 91% are performing better than GGAL.
- GGAL has an average volume of 1184490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 43.41 - 56.77 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
26.38
We found 3 important support areas.
- Support @45.97 from a horizontal line in the weekly time frame.
- Support @44.76 from a horizontal line in the daily time frame.
- Support @26.65 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 54.20 to 54.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.46 to 56.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.93 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 | DOWN | NEGATIVE | The short term trend for GGAL is down. |
| ChartMill Relative Strength | 25.52 | NEGATIVE | GGAL has a low relative strength, it was outperformed by 74.48% 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 | NEGATIVE | The current price of GGAL is below 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) | 48.01 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests GGAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.43 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for GGAL suggests a possible start of a new trend. |
49.64
+2 (+4.2%)
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 1 / 10 to GGAL.
What is the trend direction for 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 48.0098. 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 negative.
Can you provide the support and resistance levels for GRUPO FINANCIERO GALICIA-ADR?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has a support level at 45.97 and a resistance level at 54.2. Check the full technical report for our detailed analysis of GGAL support and resistance levels.