GGAL Price Prediction Next Week
Technical Analysis: GGAL shows a clear upward trend in recent trading sessions, with increasing volume supporting the momentum. The stock has formed higher lows and higher highs, indicating bullish sentiment.
Price Analysis:
- Current price: $20.38 (Feb 23 close)
- Recent resistance: $21.05
- Support level: $19.35
- Volume trend: Increasing (738,400 shares on Feb 23)
News Impact:
- The stock recently crossed above analysts' average target price of $70.00, with price targets ranging from $54.00 to $92.00
- Upgraded to Zacks Rank #1 (Strong Buy), reflecting positive earnings estimate revisions
- Expected earnings for fiscal 2024: $8.17 per share
Price Prediction for Next Week: Based on technical indicators and positive news sentiment:
- Target Price Range: $21.50 - $22.30
- Most Likely Scenario: Stock will test $21.50 resistance level first
- Probability: 70% bullish scenario
Trading Recommendation: BUY with entry point at current market price ($20.38)
- First target: $21.50
- Second target: $22.30
- Stop loss: $19.35
The strong Zacks ranking upgrade combined with increasing volume and positive price action suggests continued upward momentum in the short term. The stock's ability to maintain prices above the $20 level demonstrates strong buying pressure.
GGAL Similar Chart Price Prediction
The price of GGAL is predicted to go up -6.51%, based on the high correlation periods with BBAR. The similarity of these two price pattern on the periods is 96.91%.
GGAL
BBAR
Down: -6.51%Similarity: 96.91%
