We assign a technical rating of 9 out of 10 to GGAL. Both in the recent history as in the last year, GGAL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, GGAL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
26.38
3 important support areas can be observed.
- Support @50.52 from a trend line in the daily time frame.
- A support zone ranging from 46.13 to 46.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.65 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 53.51 to 55.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @56.36 from a trend line in the weekly time frame.
- A resistance zone ranging from 59.14 to 59.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 90.13 | POSITIVE | GGAL has a high relative strength, it outperformed 90.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGAL is above the rising 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) | 55.2 | NEUTRAL | The RSI value for GGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GGAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.39 | NEUTRAL | The Stochastics value for GGAL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for GGAL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for GGAL suggests a possible start of a new trend. |
53.35
-0.59 (-1.09%)
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 9 / 10 to GGAL.
What is the trend direction for 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 55.2027. This indicates that the stock is currently neutral.
What is the short term momentum for GRUPO FINANCIERO GALICIA-ADR (GGAL) stock?
The short term momentum for GRUPO FINANCIERO GALICIA-ADR (GGAL) is positive.
Can you provide the support and resistance levels for GRUPO FINANCIERO GALICIA-ADR?
GRUPO FINANCIERO GALICIA-ADR (GGAL) has a support level at 50.52 and a resistance level at 53.51. Check the full technical report for our detailed analysis of GGAL support and resistance levels.