ALLY FINANCIAL INC (ALLY) Technical Analysis
NYSE:ALLY • US02005N1000
Current stock price
ALLY Technical Rating and Analysis
Taking everything into account, ALLY scores 10 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ALLY is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, ALLY also shows a nice and consistent pattern of rising prices.
- ALLY is part of the Consumer Finance industry. There are 54 other stocks in this industry. ALLY outperforms 73% of them.
- ALLY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALLY is lagging the market slightly.
- ALLY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- ALLY has an average volume of 3721490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ALLY Weekly and Daily overview Charts
ALLY Setup Rating and Analysis
ALLY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 45.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.40, a Stop Loss order could be placed below this zone.
More info and screens
ALLY Support and Resistance Analysis
36.44
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.34 to 43.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.81 to 37.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 45.82 to 46.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 47.06 to 47.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
ALLY Technical Indicator Signal Analysis
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 | 71.89 | POSITIVE | ALLY has a high relative strength, it outperformed 71.89% 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) | 54.01 | NEUTRAL | The RSI value for ALLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ALLY has a negative trend. |
| Stochastics (14,3) | 45.44 | NEUTRAL | The Stochastics value for ALLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.96 | NEUTRAL | The ADX value for ALLY suggests a possible start of a new trend. |
ALLY Chart- and CandleStick Pattern Analysis
ALLY Example Setup
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 |
|---|---|---|---|
| 44.74 | 43.33 | 1.41 (3.16%) | 25.00% |
| An entry @44.74. This is a Buy Stop order right above the 10 day moving average. | An exit @43.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.41 points, which is 3.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- 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.
ALLY Technicals: Chart, Performance Metrics, Trend & Indicators
43.41
-0.98 (-2.21%)
ALLY FINANCIAL INC / ALLY TA FAQ
What is the technical rating for ALLY stock?
ChartMill assigns a technical rating of 10 / 10 to ALLY.
What is the current trend direction of ALLY FINANCIAL INC (ALLY) stock?
The current trend direction for ALLY FINANCIAL INC (ALLY) is Bullish.
What is the RSI signal for ALLY stock?
ALLY FINANCIAL INC (ALLY) has an RSI value of 54.0149. This indicates that the stock is currently neutral.
What is the short term momentum for ALLY FINANCIAL INC (ALLY) stock?
The short term momentum for ALLY FINANCIAL INC (ALLY) is positive.
Can you provide the support and resistance levels for ALLY FINANCIAL INC?
ALLY FINANCIAL INC (ALLY) has a support level at 43.4 and a resistance level at 45.82. Check the full technical report for our detailed analysis of ALLY support and resistance levels.