Grupo Financiero Galicia SA

Despite a secular downtrend, GGAL is flagged as mean-reversion eligible and has carved a base just above the 9- and 20-day EMAs converging with the 50- and 200-day SMAs. Short-term momentum is neutral to slightly bullish (RSI ~63), but EMAs are flat and price is holding without decisive follow-through. We defer execution, stalking for a pullback into the EMA confluence around the 43.8–44 zone for a potential mean-reversion entry. A break below this base invalidates the medium-term bullish bias.

• ↑Commercial lending projected to rise 20–25% by 2026, driven by agribusiness and oil demand.
• ↑Efficiency synergies from HSBC merger to cut costs 10–11% YoY, improving operating margins.
• ↓Net income down 66% YoY to 66.5 bn pesos due to NPL rise.