GRUPO FINANCIERO GALICIA-ADR (GGAL) Stock Technical Analysis
NASDAQ:GGAL - Nasdaq - US3999091008 - ADR - Currency: USD
Taking everything into account, GGAL scores 2 out of 10 in our technical rating. Although GGAL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month GGAL has a been trading in the 46.09 - 56.00 range, which is quite wide. It is currently trading near the lows of this range.
GGAL is one of the better performing stocks in the Banks industry, it outperforms 72% of 394 stocks in the same industry.
GGAL has an average volume of 1372870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GGAL is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, GGAL also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
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
44.85
60.80
When analyzing the support we can see 2 important areas.
- Support @46.78 from a horizontal line in the weekly time frame.
- A support zone ranging from 45.30 to 45.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.80 to 47.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 51.02 to 51.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.20 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 | 78.27 | POSITIVE | GGAL has a high relative strength, it outperformed 78.27% 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) | UP | MIXED | The current price of GGAL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.12 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GGAL has a negative trend. |
| Stochastics (14,3) | 10.24 | OVERSOLD | The low Stochastics value suggests GGAL may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GGAL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.42 | 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)
46.79
-0.31 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.66%
1 Week-3.23%
2 Weeks-9.44%
1 Month-16.65%
3 Month-24.47%
6 Month-30.24%
12 Month65.86%
2 Year176.05%
3 Year499.87%
5 Year289.92%
10 Year149.02%
15 Year642.7%
Volatility
ATR(14)2.02
ATR(20)%4.26%
ATR Inc-19.64%
Range Today1.49
ADR(20)1.91
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.27
Mansfield-1.92
10 Day High52.65
10 Day Low46.09
20 Day High56
20 Day Low46.09
52 Week High74
52 Week Low23.53
CS1 End46.78
CR1 Start46.8
Volume & EV
DER(3)1.57%
DER(5)1.6%
Volume852.90K
Volume Incr-19.66%
Vol(5)1.32M
Vol(50)1.37M