GRUPO FINANCIERO GALICIA-ADR (GGAL)

US3999091008 - ADR

34.31  +2.17 (+6.75%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to GGAL. In the last year, GGAL was one of the better performers, but we do observe some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that GGAL is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by GGAL over the past year are nicely spread over this period.
GGAL is part of the Banks industry. There are 410 other stocks in this industry. GGAL outperforms 99% of them.
GGAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GGAL is lagging the market slightly.
GGAL has an average volume of 1116660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month GGAL has a been trading in the 30.42 - 37.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
GGAL Weekly chart
GGAL Daily chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, GGAL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.03, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

24.26

37.26

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 31.67 to 32.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 30.79 to 30.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @24.50 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 36.68 to 36.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.61
Mansfield4.2
10 Day High37.3
10 Day Low30.42
20 Day High37.83
20 Day Low30.42
52 Week High37.83
52 Week Low10.57
Performance
1 Week-3.31%
2 Weeks-2.81%
1 Month-7.24%
3 Month34.82%
6 Month95.38%
12 Month90.52%
2 Year365.12%
3 Year272.85%
5 Year-9.46%
10 Year119.39%
15 Year876.9%
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)
Technical Indicators
MACD(12,26,9)-0.52
RSI(14)45.97
LBB30.07
UBB36.72
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
36.9031.665.24 (14.20%)7.04%
An entry @36.90. This is a Buy Stop order right above the resistance zone.An exit @31.66. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 5.24 points, which is 14.20%.For a 1.00% total portfolio risk, you can invest 7.04% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GGAL Daily chart

GRUPO FINANCIERO GALICIA-ADR

NASDAQ:GGAL (6/12/2024, 12:46:05 PM)

34.31

+2.17 (+6.75%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg6.75%
1 Week-3.31%
2 Weeks-2.81%
1 Month-7.24%
3 Month34.82%
6 Month95.38%
12 Month90.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.25
ATR(20)%6.36%
ATR Inc
Range Today2.45
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High37.3
10 Day Low30.42
20 Day High37.83
20 Day Low30.42
52 Week High37.83
52 Week Low10.57
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume419.42K
Volume Incr-15.22%
Vol(5)891.54K
Vol(50)1.12M