As this happened, Morgan Stanley upgraded its Grupo Financiero Galicia ADR [GGAL] rating to an Overweight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late August from “an Underweight” to “an Overweight”. BofA Securities also remained covering GGAL and has increased its forecast on August 08, 2024 with a “Buy” recommendation from previously “an Underperform” rating. JP Morgan revised its rating on January 31, 2022. It rated GGAL as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of GGAL
On Monday, Grupo Financiero Galicia ADR [NASDAQ:GGAL] saw its stock jump 4.85% to $61.66. Over the last five days, the stock has gained 7.52%. Grupo Financiero Galicia ADR shares have fallen nearly -1.06% since the year began. Nevertheless, the stocks have risen 84.35% over the past one year. While a 52-week high of $74.00 was reached on 01/07/25, a 52-week low of $23.05 was recorded on 04/09/25. SMA at 50 days reached $57.29, while 200 days put it at $53.34.
Levels Of Support And Resistance For GGAL Stock
The 24-hour chart illustrates a support level at 60.07, which if violated will result in even more drops to 58.49. On the upside, there is a resistance level at 62.68. A further resistance level may holdings at 63.71. The Relative Strength Index (RSI) on the 14-day chart is 57.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.36%. Stochastics %K at 33.13% indicates the stock is a holding.
