GRUPO FINANCIERO GALICIA-ADR (GGAL) Technical Analysis
NASDAQ:GGAL • US3999091008
Current stock price
GGAL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to GGAL. 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 negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GGAL is a bad performer in the overall market: 85% of all stocks are doing better.
- GGAL is one of the lesser performing stocks in the Banks industry. 93% of 381 stocks in the same industry do better.
- GGAL has an average volume of 1262750 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 trading in the upper part of its 52 week range, so GGAL is lagging the market slightly.
- In the last month GGAL has a been trading in the 40.54 - 49.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGAL Weekly and Daily overview Charts
GGAL Setup Rating and Analysis
GGAL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 41.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GGAL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GGAL Support and Resistance Analysis
26.38
2 important support areas can be observed.
- A support zone ranging from 40.85 to 41.36. 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 42.96 to 43.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 52.97 to 52.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.96 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 | DOWN | NEGATIVE | The long term trend for GGAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGAL is down. |
| ChartMill Relative Strength | 15.21 | NEGATIVE | GGAL has a low relative strength, it was outperformed by 84.79% 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) | 43.34 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests GGAL has a positive trend. |
| Stochastics (14,3) | 44.14 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for GGAL suggests a strong trend. |
GGAL Chart- and CandleStick Pattern Analysis
GGAL Technicals: Chart, Performance Metrics, Trend & Indicators
42.95
-0.9 (-2.05%)
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 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 43.3358. 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 41.36 and a resistance level at 42.96. Check the full technical report for our detailed analysis of GGAL support and resistance levels.