We assign a technical rating of 7 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.
Although GGAL has an excellent technical rating, it does not present a decent entry opportunity 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.
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26.38
We found 4 important support areas.
- A support zone ranging from 49.65 to 49.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.13 to 46.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.76 from a trend line in the weekly time frame.
- Support @26.65 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 52.75 to 53.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @57.59 from a trend line in the weekly time frame.
- Resistance @60.25 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 | UP | POSITIVE | The long term trend for GGAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGAL is up. |
| ChartMill Relative Strength | 69.64 | 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) | UP | POSITIVE | The current price of GGAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GGAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.28 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests GGAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.54 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.83 | NEUTRAL | The ADX value for GGAL suggests a possible start of a new trend. |
51.1
-1.41 (-2.69%)
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 7 / 10 to GGAL.
What is the current trend direction of GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
The current trend direction for GRUPO FINANCIERO GALICIA-ADR (GGAL) is Bullish.
What is the RSI signal for GGAL stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has an RSI value of 54.2845. This indicates that the stock is currently neutral.
What is the buy/sell signal for GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
The buy/sell signal for GRUPO FINANCIERO GALICIA-ADR (GGAL) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GGAL stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has a support level at 49.91 and a resistance level at 52.75. Check the full technical report for our detailed analysis of GGAL support and resistance levels.