GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
NASDAQ:GGAL - US3999091008 - ADR
45.27 USD
-0.84 (-1.82%)
45.3 USD
+0.03 (+0.07%)
Overall GGAL gets a technical rating of 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GGAL is a bad performer in the overall market: 62% of all stocks are doing better.
GGAL is part of the Banks industry. There are 393 other stocks in this industry, of which 81% are performing better than GGAL.
In the last month GGAL has a been trading in the 45.19 - 53.89 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 1232120 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 currently trading near new highs, so GGAL is lagging the market.
GGAL has a poor technical rating and the quality of the setup is also only medium 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
44.81
58.02
When analyzing the support we notice one important area.
- A support zone ranging from 45.26 to 45.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @45.31 from a horizontal line in the daily time frame.
- A resistance zone ranging from 48.70 to 50.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.78 from a horizontal line in the weekly time frame.
- Resistance @57.45 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 | DOWN | NEGATIVE | The short term trend for GGAL is down. |
| ChartMill Relative Strength | 38.31 | NEUTRAL | GGAL is not amongst the best or worst performers 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) | 35.16 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests GGAL has a negative trend. |
| Stochastics (14,3) | 1.8 | OVERSOLD | The low Stochastics value suggests GGAL may be oversold. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for GGAL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.14 | NEUTRAL | The ADX value for GGAL suggests a possible start of a new 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)
45.27
-0.84 (-1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.82%
1 Week-6.2%
2 Weeks-11.27%
1 Month-12.56%
3 Month-27.98%
6 Month-23.17%
12 Month30.54%
2 Year150.39%
3 Year458.2%
5 Year338.24%
10 Year136.27%
15 Year460.27%
Volatility
ATR(14)2.12
ATR(20)%4.44%
ATR Inc-12.65%
Range Today2.02
ADR(20)1.99
ADR(20)%4.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.31
Mansfield-2.57
10 Day High53.51
10 Day Low45.19
20 Day High53.89
20 Day Low45.19
52 Week High74
52 Week Low33.04
CS1 End45.26
CR1 Start45.31
Volume & EV
DER(3)-1.52%
DER(5)-1.6%
Volume1.82M
Volume Incr12.53%
Vol(5)1.23M
Vol(50)1.23M