Ally Financial Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
|
Risk Assessment |
|
Trading Strategy |
|
Ally Financial Inc stock upgraded to Buy Candidate
(Updated on Nov 05, 2024)
Buy or Hold candidate since Oct 28, 2024
Gain 0.30%
The Ally Financial Inc stock price gained 2.82% on the last trading day (Tuesday, 5th Nov 2024), rising from $34.26 to $35.23. During the last trading day the stock fluctuated 2.88% from a day low at $34.34 to a day high of $35.33. The price has fallen in 6 of the last 10 days but is still up by 1.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $64.21 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $37.02 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.82% during the next 3 months and, with a 90% probability hold a price between $22.17 and $30.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
ALLY Signals & Forecast
The Ally Financial Inc 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 $35.06 and $34.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, September 10, 2024, and so far it has risen 7.82%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ally Financial Inc stock
Ally Financial Inc finds support from accumulated volume at $34.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.99 between high and low, or 2.88%. For the last week the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $33.77 (-4.12%) (This stock has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (ALLY) For The Upcoming Trading Day Of Wednesday 6th
For the upcoming trading day on Wednesday, 6th we expect Ally Financial Inc to open at $34.96, and during the day (based on 14 day Average True Range), to move between $34.26 and $36.19, which gives a possible trading interval of +/-$0.96 (+/-2.73%) up or down from last closing price. If Ally Financial Inc takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.97 (0.72%) than the resistance at $35.66 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ally Financial Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.111 Buy Candidate Upgraded
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Predicted Fair Opening Price
Predicted fair opening price on November 6, 2024 - $34.96 ( 0.739%).Trading levels for ALLY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.95 | 2.07% |
R2 | 35.58 | 1.00% |
R1 | 35.34 | 0.333% |
Price | 35.23 | |
S1 | 34.59 | -1.81% |
S2 | 34.35 | -2.47% |
S3 | 33.98 | -3.55% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 39.56 | 12.31% |
R2 | 35.84 | 1.75% |
R1 | 35.66 | 1.23% |
Price | 35.23 | |
S1 | 34.97 | -0.724% |
S2 | 32.87 | -6.69% |
S3 | 32.67 | -7.25% |
ALLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 09, 2024 | Nov 01, 2024 | Nov 15, 2024 | $0.300 | 0.85% |
2 | Jul 16, 2024 | Aug 01, 2024 | Aug 15, 2024 | $0.300 | 0.721% |
3 | Jul 16, 2024 | Jul 31, 2024 | Aug 15, 2024 | $0.300 | 0.721% |
4 | Apr 30, 2024 | Apr 30, 2024 | May 15, 2024 | $0.300 | 0.730% |
5 | Jan 16, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.300 | 0.81% |
FAQ
Click here for our free guide on how to buy Ally Financial Inc Stock.