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AI Analysis AI Analysis of ALLY
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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

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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


# Declaration Date 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

What is the symbol for Ally Financial Inc Stock and on which exchange is it traded?
The symbol for Ally Financial Inc is ALLY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ally Financial Inc Stock?
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.

How to buy Ally Financial Inc Stock?
Ally Financial Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ally Financial Inc Stock.

What's the current price of Ally Financial Inc Stock?
As of the end of day on the Nov 05, 2024, the price of an Ally Financial Inc (ALLY) share was $35.23.

What is the 52-week high and low for Ally Financial Inc Stock?
The 52-week high for Ally Financial Inc Stock is $45.46 and the 52-week low is $25.16.

What is the market capitalization of Ally Financial Inc Stock?
As of the Nov 05, 2024, the market capitalization of Ally Financial Inc is 10.435B.

When is the next earnings date for Ally Financial Inc?
The upcoming earnings date for Ally Financial Inc is Jan 17, 2025.
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ABOUT ALLY FINANCIAL INC
Ally Financial
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers automotive financing services, including p...
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