$13.24 (-4.75%)

Volume: 438.243k

Closed: Jan 27, 2023

Hollow Logo Score: 1.494
Grupo Financiero Galicia S.A. Stock
$13.24 (-4.75%)

Volume: 438.243k

Closed: Jan 27, 2023

Score Hollow Logo 1.494
NASDAQ:GGAL

Grupo Financiero Galicia S.A. Stock Forecast

Updated Fri, Jan 27, 2023
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.


Be the first to comment on GGAL

Red day on Friday for Grupo Financiero Galicia S.A. stock after losing 4.75%
(Updated on Jan 27, 2023)


Buy or Hold candidate since 2022-12-22 Gain 47.93% PDF

The Grupo Financiero Galicia S.A. stock price fell by -4.75% on the last day (Friday, 27th Jan 2023) from $13.90 to $13.24. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.93% from a day low at $13.23 to a day high of $13.88. The price has been going up and down for this period, and there has been a 3.04% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -132 thousand shares and in total, 438 thousand shares were bought and sold for approximately $5.80 million.

Give Options Surge a try today. And start trading with the pros, instead of behind them.* >>

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 83.3% during the next 3 months and, with a 90% probability hold a price between $19.34 and $26.14 at the end of this 3-month period.

GGAL Signals & Forecast

The Grupo Financiero Galicia S.A. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $13.56. On a fall, the stock will find some support from the long-term average at approximately $10.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, January 25, 2023, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, December 15, 2022 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, December 15, 2022 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Here's how to open broker account if you're new to investing.

Support, Risk & Stop-loss for Grupo Financiero Galicia S.A. stock

Grupo Financiero Galicia S.A. finds support from accumulated volume at $12.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.653 between high and low, or 4.93%. For the last week, the stock has had daily average volatility of 4.95%.

Our recommended stop-loss: $12.49 (-5.70%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GGAL) For The Upcoming Trading Day Of Monday 30th

For the upcoming trading day on Monday, 30th we expect Grupo Financiero Galicia S.A. to open at $13.45, and during the day (based on 14 day Average True Range), to move between $12.50 and $13.98, which gives a possible trading interval of +/-$0.736 (+/-5.56%) up or down from last closing price. If Grupo Financiero Galicia S.A. takes out the full calculated possible swing range there will be an estimated 11.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.58 (2.57%) than the support at $12.89 (2.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Grupo Financiero Galicia S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grupo Financiero Galicia S.A. stock to perform well in the short-term.

Current score: 1.494 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Grupo Financiero Galicia S.A. of Monday, January 30, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price January 30, 2023 Current price
$13.45 $13.24 (Undervalued)

Remember To Visit Our YouTube Channel


Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.10 6.52 %
R2 13.85 4.64 %
R1 13.70 3.47 %
Current price: 13.24
Support S1 13.20 -0.290 %
S2 13.05 -1.45 %
S3 12.80 -3.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.76 3.93 %
R2 13.75 3.85 %
R1 13.58 2.57 %
Current price 13.24
Support S1 12.89 -2.64%
S2 12.40 -6.34%
S3 11.10 -16.16%

Click to get the best stock tips daily for free!

Hot Stocks To Watch:

About Grupo Financiero Galicia S.A.

Grupo Financiero Galicia SA Grupo Financiero Galicia S.A., a financial service holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, NaranjaX, Insurance, and Other Businesses segments. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; pledge and credit card loans; credit and debit cards; and online banking se... GGAL Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT