Bank Of Montreal ($BMLP) vs Grupo Financiero Galicia S.A. ($GGAL)

2019-08-20 | Welcome! Today we compared how two different stocks in the Commercial Banks industry are trading: Bank Of Montreal and Grupo Financiero Galicia S.A.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Bank Of Montreal opened at 46.5, got to a maximum price of 46.5 and dropped to as low as 46.5 before finishing the session at 46.5. In total there were 400.0 shares traded, which is enough to conduct our analysis. Compare that now to Grupo Financiero Galicia S.A., which opened at 18.0, had a high of 18.57, a low of 17.7, closed at 17.74 and had a total volume of 3822800.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Bank Of Montreal Grupo Financiero Galicia S.A.
Accumulation-distribution index 51.13091 141.23368
on-balance volume 46.87 -17.47
chaikin money flow

0.36556 2.05263
force index

0.0518 2.1228
ease of movement rating

-0.00061 0.00258
volume-price trend

-1.53707 -6.26369
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Bank Of Montreal Grupo Financiero Galicia S.A.
Average true range 0.285 1.00236
Bolinger bands 46.5 18.26681
Upper bollinger band 46.5 16.51319
Lower bollinger band

46.5 17.7
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

46.5 18.09
High band keltner channel

46.5 17.52
Low band keltner channel

46.5 18.66
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

46.5 17.7
Donchain channel low band

46.5 17.7
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Bank Of Montreal Grupo Financiero Galicia S.A.
Moving Average Convergence Divergence (MACD) trend_macd -0.01391
MACD signal 0.00178 -0.00773
MACD difference 0.00256 -0.00618
fast Exponential Moving Average (EMA) indicator

46.5 17.7
slow Exponential Moving Average (EMA) indicator

46.5 17.7
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.11725 0.02301

-2.70734 -35.60692
Mass Index (MI)

2.44 1.0
Commodity Channel Index (CCI)

100.0 -66.66667
Detrended Price Oscillator (DPO)

1.60093 10.40195
KST Oscillator (KST)

-33.2828 -370.15056
KST Oscillator (KST Signal)

-33.2828 -370.15056
KST difference

0.64679 -5.51563
Ichimoku rating

46.5 18.285
Ichimoku B rating

46.5 18.285
Ichimoku visual trend A

48.21951 28.71608
Ichimoku visual trend B

48.25272 28.14916
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

8.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Bank Of Montreal Grupo Financiero Galicia S.A.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.31613 24.78105
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

7.99573 -9.12719
stochastic oscillator

50.0 152.63158
stochastic oscillator signal

50.0 152.63158
Williams %R rating

-50.0 52.63158
awesome oscillator

0.0953 0.59167

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Bank Of Montreal and Grupo Financiero Galicia S.A..

Daily return -3.32828 -37.01506
Daily log return 0.30062 -3.56565
Cumulative return 0.30108 -3.50282

So there you have it: our deep, grueling analysis comparing Bank Of Montreal and Grupo Financiero Galicia S.A. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Bank Of Montreal:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether BMLP is strong or weak. Again – this is not a reliable indication of whether Bank Of Montreal is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Grupo Financiero Galicia S.A.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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