Ally Financial stock: buy or sell
May 17th, 2021
Ally Financial stock brief
- Ally Financial closed last Friday at $54.00 after growing a 2.37% and broke a streak of 3 sessions in negative.
- Ally Financial Inc., a bank holding company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada.
Should I buy Ally Financial stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $ALLY stock a buy?
Currently, Ally Financial stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $ALLY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Ally Financial stock?
When you are a novel trader and you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Trading strategies help us to avoid rash decisions based on our emotions or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups are not intended for shorting $ALLY stock
A guiding principle is that you must never hold a trading operation that shows a higher than expected losses by the time of the buy. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Ally Financial stock?
Currently, Ally Financial stock doesn't match any of our preferred sell setups, so if you own Ally Financial stock and your operation is in profit probably is not time to sell now
Ally Financial ratings
In the last 30 days, 2 brokerage ratings were published for Ally Financial. General sentiment is bullish, with 2 out of 2 publishing positive outlooks
|Apr 19th, 2021|
|Apr 26th, 2021|
Ally Financial stock analysis
Since in March 2020, Ally Financial has been printing an uptrend that by now marked an amazing 447.67%. The price action shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to trade in. Latest pullback was last January, when price bounced at $36.02. Last March, Ally Financial broke out above its last top ($41.63) offering a good entry point that resulted in a 29.71% profit
Supports and resistances
Price is at all-time highs and there are not upper resistances.
The current support levels are:
Since the price surpassed the upper band on May 7, the price sliced by 0.26%. The price is trading near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for a single day (weak signal). The RSI value last Friday was 67.07. Since then, Ally Financial stock barely moved a 0.61%
Ally Financial stock price history
Ally Financial went public priced at an adjusted price1 of $23.09 on Jan 2014. Since then, ALLY stock surged by 133.87%, with an average of 19.12% per year. If you had invested $1,000USD in Ally Financial stock at that time, it would worth $2,338.67 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Ally Financial stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price predictions published by analysts for the last 30 days. Again, these targets are not direct recommendations for small traders and must not be trusted blindly.
There are 2 price predictions issued for Ally Financial that average $59.50. That is a 10.19% than the current price ($54.00).
|Brokerage firm||Price target|
|Apr 19th, 2021|
|Barclays||$57.00 → $60.00|
|Apr 26th, 2021|
|Morgan Stanley||$56.00 → $59.00|
Earnings and financials
In mid-April, Ally Financial Inc. ($ALLY) reported adjusted EPS for that significantly uplifted Wall St. expectations. Quarterly EPS was $2.09 per share instead of $1.15. This quarterly report means an earnings surprise of 81.74%. Forecasted turnover was $1.7 billion but Ally Financial uplifted by 10.92%, reporting $1.9 billion.By comparison, the EPS for the same quarter last year was $-0.44, so posted EPS is a increase of 575.00%. Turnover skyrocketed a 179.26% on an annualized basis in the , from $7.6B to $21.1B last quarter.
Ally Financial ($ALLY) is hosting the quarterly earnings call next July. Market forecasts of $1.40, compared to previous quarter that was $2.09.
Ally Financial performance
|Ally Financial ($ALLY)||13.80%||27.50%||91.20%|
Disclaimer:The viewpoints contained in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not know the individual positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for educative reasons only
Ally Financial summary
|Friday, May 14th, 2021|
|Day range||$53.01 - $54.1|
|Average true range||$1.71|
|50d mov avg||$47.70|
|100d mov avg||$43.42|
|200d mov avg||$34.87|
|Earnings date||July 16th, 2021|