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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis AI Analysis of ALLY
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Green day on Friday for Ally Financial Inc
(Updated on Oct 04, 2024)

Sell candidate since Sep 06, 2024 Loss -11.22%

The Ally Financial Inc stock price gained 1.92% on the last trading day (Friday, 4th Oct 2024), rising from $34.46 to $35.12. During the last trading day the stock fluctuated 1.88% from a day low at $34.83 to a day high of $35.48. The price has risen in 6 of the last 10 days and is up by 1.86% 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, 206 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $68.23 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.92% during the next 3 months and, with a 90% probability hold a price between $23.97 and $31.36 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

A buy signal was issued from a pivot bottom point on Tuesday, September 10, 2024, and so far it has risen 7.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Ally Financial Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $37.72. On a fall, the stock will find some support from the short-term average at $34.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Ally Financial Inc stock

Ally Financial Inc finds support from accumulated volume at $34.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.655 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.30%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ALLY) For The Upcoming Trading Day Of Monday 7th

For the upcoming trading day on Monday, 7th we expect Ally Financial Inc to open at $35.14, and during the day (based on 14 day Average True Range), to move between $34.01 and $36.23, which gives a possible trading interval of +/-$1.11 (+/-3.16%) up or down from last closing price. If Ally Financial Inc takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.05 (3.05%) than the resistance at $39.56 (12.64%), 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?

Ally Financial Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.569 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on October 7, 2024 - $35.14 ( 0.0617%). The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ALLY

Fibonacci Support & Resistance Levels

Level Price
R3 35.80 1.93%
R2 35.55 1.21%
R1 35.39 0.774%
Price 35.12
S1 34.89 -0.651%
S2 34.74 -1.09%
S3 34.49 -1.80%

Accumulated Volume Support & Resistance Levels

Level Price
R3 43.43 23.66%
R2 42.44 20.84%
R1 39.56 12.64%
Price 35.12
S1 34.05 -3.05%
S2 32.87 -6.41%
S3 32.67 -6.98%

ALLY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 16, 2024 Aug 01, 2024 Aug 15, 2024 $0.300 0.721%
2 Jul 16, 2024 Jul 31, 2024 Aug 15, 2024 $0.300 0.721%
3 Apr 30, 2024 Apr 30, 2024 May 15, 2024 $0.300 0.730%
4 Jan 16, 2024 Jan 31, 2024 Feb 15, 2024 $0.300 0.81%
5 Oct 31, 2023 Oct 31, 2023 Nov 15, 2023 $0.300 1.08%

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?
Ally Financial Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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 Oct 04, 2024, the price of an Ally Financial Inc (ALLY) share was $35.12.

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 $22.54.

What is the market capitalization of Ally Financial Inc Stock?
As of the Oct 04, 2024, the market capitalization of Ally Financial Inc is 10.523B.

When is the next earnings date for Ally Financial Inc?
The upcoming earnings date for Ally Financial Inc is Oct 18, 2024.
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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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