Ally Financial stock: buy or sell

ALLY stock price: $51.06 -0.56% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

Ally Financial stock brief

  • Ally Financial closed on Wednesday at $51.06 after merely moving a -0.56%.
  • Ally Financial presented its financial report on July 16
  • 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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 we expect a selloff for $ALLY in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Ally Financial stock?

When you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies allow us to avoid impulsive decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, our setups are very simple to follow and are only valid for selling stocks in your porfolio, not for selling short Ally Financial stock

A golden rule is that you should never mantain an open trade that results in higher than expected losses upon the buy. When to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Ally Financial stock?

In the current situation of Ally Financial there is not any eligible sell setup, so Ally Financial stock holders with operations in profit can keep their positions

Ally Financial ratings

We don't have any rating posted in the last month for Ally Financial

Ally Financial stock analysis

SMAs overview

ALLY stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $52.70 (3.21% above)
  • R2: $53.06 (3.92% above)
  • R3: $55.14 (7.99% above)
  • The current support levels are:

  • S1: $51.02 (-0.08% below)
  • S2: $48.73 (-4.56% below)
  • S3: $46.91 (-8.13% below)
  • Bollinger bands

    Since the price surpassed the upper band on July 21, the price corrected downwards by 3.61%. Since the price broke down the lower band on July 19, the price has bounced up by 8.85%

    ALLY stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early June after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 49.37. Since that level was lost, Ally Financial price sank a 9.07%

    ALLY stock RSI chart

    Ally Financial stock price history

    Ally Financial went public on Jan 28th, 2014 at $23.09 per share1. Since then, ALLY stock has risen by 121.13%, with an average of 17.30% per year. An investment of thousand dollars on the IPO would have a value of $2,211.35 today.

    1: Adjusted price after possible price splits or reverse-splits

    ALLY stock price history chart

    Price target for Ally Financial stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    The following table shows the price target posted by brokerage institutions for the last 30 days. Again, these targets are not direct recommendations for small traders and must not be trusted blindly.

    We don't have any target price posted in the previous month for Ally Financial.

    Earnings and financials

    On July 16, Ally Financial Inc. ($ALLY) reported adjusted EPS for that strongly uplifted Wall St. expectations. Quarterly EPS was $2.33 per share versus the estimated $1.46. This quarterly report represents an earnings surprise of 59.59%. Estimated turnover for Q2 was $1.9 billion but Ally Financial uplifted by 14.71%, posting $2.1 billion.

    Same quarter one year ago, reported EPS was $0.61, so recently posted EPS is an improvement of 281.97%. Looking at turnover, figures exploded a 44.35% compared to $15.7B same quarter 12 months ago.

    Ally Financial ($ALLY) will host the quarterly earnings call next October. Market predicts of $1.86, compared to Q2 that made $2.33.

    Ally Financial performance

    ALLY performance compared
    Company1m3m6m
    Ally Financial ($ALLY) 1.00% -0.40% 38.80%

    Important:
    The viewpoints written in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the particular conditions of the reader, his or her own financial statements 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 Viewpoints are provided for learning reasons only

    Ally Financial summary

    Wednesday, July 28th, 2021
    Open$51.56
    Close$51.06
    Day range$50.4 - $51.72
    Previous close$51.35
    Session gain-0.56%
    Average true range$2.18
    50d mov avg$52.12
    100d mov avg$50.06
    200d mov avg$42.28
    Earnings dateOctober 14th, 2021

    Frequently asked questions

    What is Ally Financial stock symbol?

    Ally Financial Inc. is a public company trading in the US stock market with the ALLY symbol

    Is Ally Financial stock a buy or sell?

    Ally Financial had no ratings in the last 30 days Read the article to get additional tips on trading ALLY stock.

    Will ALLY go up?

    There were no price targets posted by analysts in the last 30 days for Ally Financial.