ALLY FINANCIAL INC (ALLY) Stock Technical Analysis
NYSE:ALLY - New York Stock Exchange, Inc. - US02005N1000 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ALLY. In the last year, ALLY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
ALLY is one of the lesser performing stocks in the Consumer Finance industry. 65% of 53 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month ALLY has a been trading in the 36.11 - 39.45 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ALLY has an average volume of 3129630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, ALLY outperforms 40% of them, which is more or less in line with the market.
ALLY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALLY is lagging the market.
ALLY has only a medium technical rating, but it does show 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 38.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALLY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
33.18
41.63
We found 4 important support areas.
- A support zone ranging from 37.77 to 38.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 36.94 to 37.02. 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.
- Support @33.52 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.48 to 38.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @40.09 from a horizontal line in the daily time frame.
- A resistance zone ranging from 40.81 to 41.22. 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 | NEUTRAL | NEUTRAL | The short term trend for ALLY is neutral. |
| ChartMill Relative Strength | 40.75 | NEUTRAL | ALLY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALLY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALLY is below 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) | 49.63 | NEUTRAL | The RSI value for ALLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ALLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.95 | NEUTRAL | The Stochastics value for ALLY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ALLY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for ALLY suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
38.24
-0.03 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-0.08%
1 Week-1.67%
2 Weeks2.74%
1 Month-3.04%
3 Month13.88%
6 Month2%
12 Month-12.25%
2 Year38.1%
3 Year15.18%
5 Year67.13%
10 Year74.93%
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%2.09%
ATR Inc-25.31%
Range Today0.59
ADR(20)0.74
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.75
Mansfield-0.35
10 Day High39.2
10 Day Low36.71
20 Day High39.45
20 Day Low36.11
52 Week High43.86
52 Week Low29.52
CS1 End38.15
CR1 Start38.48
Volume & EV
DER(3)3.5%
DER(5)3.44%
Volume2.03M
Volume Incr-25.87%
Vol(5)2.44M
Vol(50)3.13M