Grupo Financiero Galicia Technical Analysis (NASDAQ:GGAL)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Grupo Financiero Galicia stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the GGAL stock chart which creates a trading signal.
See Grupo Financiero Galicia bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Grupo Financiero Galicia stock analysis.
Grupo Financiero Galicia Moving Average:
Moving averages help predict the price direction of GGAL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $34.84 is below the last closing price of $38.62 and the 50 day moving average of $33.79 is below the $38.62 price. The 10 and 20 day periods can predict short term moving average trends.
Grupo Financiero Galicia Bollinger Bands:
Bollinger bands comprise of a center line usually GGAL SMA, and two GGAL stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Grupo Financiero Galicia bollinger bands show that the stock price is $38.62, upper band is 7.96, lower band is 7.67, and the average is 7.82.
Grupo Financiero Galicia Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Grupo Financiero Galicia MACD indicator can be used to identify bullish and bearish trends for the stock.
Grupo Financiero Galicia Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 89.25 is the RSI value of GGAL stock. .