Overall GGAL gets a technical rating of 7 out of 10. In the last year, GGAL was one of the better performers, but we do observe some doubts in the very recent evolution.
GGAL has an excellent technical rating and also presents 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 46.78, a Stop Loss order could be placed below this zone.
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26.38
2 important support areas can be observed.
- A support zone ranging from 46.13 to 46.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.65 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 53.58 to 53.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.28 from a trend line in the weekly time frame.
- Resistance @60.09 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 | NEUTRAL | NEUTRAL | The short term trend for GGAL is neutral. |
| ChartMill Relative Strength | 86.24 | POSITIVE | GGAL has a high relative strength, it outperformed 86.24% 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) | 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) | 51.16 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests GGAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.41 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for GGAL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.22 | NEGATIVE | The low ADX value for GGAL suggests a weak or negative trend. |
50.18
+1.08 (+2.2%)
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 51.1564. This indicates that the stock is currently neutral.
What are the support and resistance levels for GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has a support level at 46.78 and a resistance level at 53.58. Check the full technical report for our detailed analysis of GGAL support and resistance levels.