Grupo Financiero Galicia S.A. Stock Forecast
Red day on Wednesday for Grupo Financiero Galicia S.A.
(Updated on Apr 24, 2024)
The Grupo Financiero Galicia S.A. stock price fell by -4.78% on the last day (Wednesday, 24th Apr 2024) from $30.53 to $29.07. During the last trading day the stock fluctuated 6.10% from a day low at $29.00 to a day high of $30.77. The price has been going up and down for this period, and there has been a 0.76% 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 -6 thousand shares and in total, 845 thousand shares were bought and sold for approximately $24.56 million.
The stock lies in the middle of a 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 49.43% during the next 3 months and, with a 90% probability hold a price between $40.12 and $46.85 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GGAL Signals & Forecast
The Grupo Financiero Galicia S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.94 and $26.26. A breakdown below any of these levels will issue sell signals. 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 Monday, April 22, 2024, and so far it has fallen -6.29%. 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.
Support, Risk & Stop-loss for Grupo Financiero Galicia S.A. stock
Grupo Financiero Galicia S.A. finds support from accumulated volume at $28.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.77 between high and low, or 6.10%. For the last week, the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: $27.41 (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GGAL) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Grupo Financiero Galicia S.A. to open at $29.61, and during the day (based on 14 day Average True Range), to move between $27.59 and $30.55, which gives a possible trading interval of +/-$1.48 (+/-5.09%) 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 10.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.85 (0.76%) than the resistance at $29.61 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 1.760 Buy Candidate Unchanged
Predicted Opening Price for Grupo Financiero Galicia S.A. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $29.61 ( 1.87%) | $29.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGAL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.38 | 7.96 % | |
| R2 | 30.71 | 5.63 % | ||
| R1 | 30.29 | 4.19 % | ||
| Current price: | 29.07 | |||
| Support | S1 | 28.94 | -0.457 % | |
| S2 | 28.52 | -1.89 % | ||
| S3 | 27.84 | -4.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.02 | 6.71 % | |
| R2 | 29.77 | 2.41 % | ||
| R1 | 29.61 | 1.86 % | ||
| Current price | 29.07 | |||
| Support | S1 | 28.85 | -0.757% | |
| S2 | 28.66 | -1.41% | ||
| S3 | 22.01 | -24.29% |
GGAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2023 | Sep 22, 2023 | Oct 02, 2023 | $0.115 | 0.91% |
| 2 | Aug 15, 2023 | Aug 24, 2023 | Sep 01, 2023 | $0.143 | 0.81% |
| 3 | Jul 20, 2023 | Jul 28, 2023 | Aug 07, 2023 | $0.161 | 1.00% |
| 4 | Jul 10, 2023 | Jul 10, 2023 | Jul 17, 2023 | $0.171 | 1.00% |
| 5 | May 22, 2023 | May 31, 2023 | Jun 06, 2023 | $0.454 | 3.26% |
FAQ
Click here for our free guide on how to buy Grupo Financiero Galicia S.A. Stock.
