GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
USA - NASDAQ:GGAL - US3999091008 - ADR
29.56 USD
-0.69 (-2.28%)
29.79 USD
+0.23 (+0.78%)
Taking everything into account, GGAL scores 0 out of 10 in our technical rating. 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.
96% of all other stocks performed better in the past year than GGAL.
GGAL is one of the lesser performing stocks in the Banks industry. 94% of 392 stocks in the same industry do better.
GGAL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month GGAL has a been trading in the 29.00 - 47.78 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 1946650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
28.89
47.92
We found 1 important support area.
- A support zone ranging from 29.18 to 29.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @35.14 from a trend line in the daily time frame.
- Resistance @47.45 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 | 4.35 | NEGATIVE | GGAL has a low relative strength, it was outperformed by 95.65% 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) | 25.19 | OVERSOLD | The low RSI value suggests GGAL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests GGAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.34 | OVERSOLD | The low Stochastics value suggests GGAL may be oversold. |
| Average True Range in percent/ATR (20) | 8.24 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 52.43 | POSITIVE | The high ADX value value for GGAL suggests a strong 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)
29.56
-0.69 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.28%
1 Week-7.83%
2 Weeks-23.1%
1 Month-36.73%
3 Month-43.15%
6 Month-49.52%
12 Month-36.61%
2 Year126.51%
3 Year296.25%
5 Year308.29%
10 Year65.88%
15 Year196.19%
Volatility
ATR(14)2.59
ATR(20)%8.24%
ATR Inc-40.43%
Range Today1.72
ADR(20)2.07
ADR(20)%6.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.35
Mansfield-5.16
10 Day High40.76
10 Day Low29
20 Day High47.78
20 Day Low29
52 Week High74
52 Week Low29
CS1 End29.55
CR1 Start35.14
Volume & EV
DER(3)-2.61%
DER(5)-3.45%
Volume1.86M
Volume Incr-30.35%
Vol(5)2.05M
Vol(50)1.95M