GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
NASDAQ:GGAL • US3999091008
Overall GGAL gets a technical rating of 0 out of 10. GGAL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 84% of all other stocks performed better in the past year than GGAL.
- GGAL is part of the Banks industry. There are 379 other stocks in this industry, of which 94% are performing better than GGAL.
- In the last month GGAL has a been trading in the 43.41 - 55.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- GGAL has an average volume of 1154980 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.
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 2 important support areas.
- A support zone ranging from 44.76 to 44.84. 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.
We can see 4 important resistance areas.
- A resistance zone ranging from 47.10 to 47.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.06 to 49.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 53.90 to 54.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.44 to 56.46. 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 | 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 | 16.47 | NEGATIVE | GGAL has a low relative strength, it was outperformed by 83.53% 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 | NEGATIVE | The current price of GGAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.03 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests GGAL has a negative trend. |
| Stochastics (14,3) | 37.04 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.88 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.61 | NEUTRAL | The ADX value for GGAL suggests a possible start of a new trend. |
44.85
-2.15 (-4.57%)
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 0 / 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 37.0291. 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 44.84 and a resistance level at 47.1. Check the full technical report for our detailed analysis of GGAL support and resistance levels.