GRUPO FINANCIERO GALICIA-ADR (GGAL)       13.24  -0.66 (-4.75%)

13.24  -0.66 (-4.75%)

US3999091008 - ADR - After market: 13.24 0 (0%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to GGAL. Although GGAL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The long and short term trends are both positive. This is looking good!
GGAL is part of the Banks industry. There are 331 other stocks in this industry. GGAL outperforms 99% of them.
GGAL is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month GGAL has a been trading in the 9.42 - 14.25 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that GGAL is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Statistics

1 Month 3 Months 6 Months 12 Months 37.49% 73.98% 69.74% 38.93% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.96 5.75 - 14.25
GGAL Weekly chart
GGAL Daily chart

Support/Resistance Analysis


7.85

14.20
When analyzing the support we notice one important area.
  • Support @7.93 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
  • Resistance @14.06 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

4

Although GGAL has an excellent technical rating, the quality of the presented setup is not ideal 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.


GGAL Daily chart

GRUPO FINANCIERO GALICIA-ADR13.24

NASDAQ:GGAL (1/27/2023, 7:10:34 PM)-0.66 (-4.75%)

After market: 13.24 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today -4.75% 1 Week -3.71%
2 Weeks 3.04% 1 Month 37.49%
3 Month 73.98% 6 Month 69.74%

Volatility
ATR(14) 0.9 ATR(20)% 6.06%
ATR Inc -40.9% Range Today 0.65

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 96.96 Mansfield 4.91
10 Day High 14.25 10 Day Low 11.81
20 Day High 14.25 20 Day Low 9.42
52 Week High 14.25 52 Week Low 5.75
CS1 End 7.93 CR1 Start 14.06

Volume & EV
DER(3) -2.47% DER(5) -4.07%
Volume 415.30K Volume Incr -26.5%
Vol(5) 776.50K Vol(50) 721.55K

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