ALLY FINANCIAL INC (ALLY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALLY - US02005N1000 - Common Stock
Taking everything into account, ALLY scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ALLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ALLY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 46.27. Right above this resistance zone may be a good entry point.
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35.66
When analyzing the support we can see 5 important areas.
- A support zone ranging from 45.61 to 45.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.52 from a trend line in the weekly time frame.
- Support @38.83 from a trend line in the daily time frame.
- A support zone ranging from 36.95 to 37.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.27 to 46.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLY is up. |
| ChartMill Relative Strength | 86.39 | POSITIVE | ALLY has a high relative strength, it outperformed 86.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.53 | NEUTRAL | The RSI value for ALLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests ALLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.64 | OVERBOUGHT | The high Stochastics value suggests ALLY may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLY suggests some volalility. |
| Average Directional Index/ADX (14) | 41.59 | POSITIVE | The high ADX value value for ALLY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.45 | 45.60 | 0.85 (1.83%) | 25.00% |
| An entry @46.45. This is a Buy Stop order right above the resistance zone. | An exit @45.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.85 points, which is 1.83%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALLY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
45.77
-0.49 (-1.06%)
ALLY FINANCIAL INC / ALLY FAQ
What is the technical rating for ALLY stock?
ChartMill assigns a technical rating of 9 / 10 to ALLY.
What is the trend direction for ALLY stock?
The current trend direction for ALLY FINANCIAL INC (ALLY) is Bullish.
Can you provide the RSI signal for ALLY FINANCIAL INC?
ALLY FINANCIAL INC (ALLY) has an RSI value of 65.5317. This indicates that the stock is currently neutral.
What is the MACD signal for ALLY stock?
The MACD indicator for ALLY FINANCIAL INC (ALLY) has a value of 0.0568397, indicating a bearish trend.
What is the short term momentum for ALLY stock?
The short term momentum for ALLY FINANCIAL INC (ALLY) is positive.