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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 11:06:00 EST
Ally Financial Inc (ALLY)
Industry: Credit Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ALLY has been trading in a range between $40.40 and $38.46 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ALLY is trading below resistance at $41.10, about 1% to the upside. There is support at $39.14 -4% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Ally Financial Inc $ALLY entered a Green zone 13 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $30.06, a potential down side of -24.55% from the recent price of 39.84. The stock is trading 4.84% (potential upside) below its 52 week high of $41.77 and 81.83 % (potential downside) above its 52 week low of $21.91 - based on the recent price.
Company Summary
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
News
| 3 Buyable Berkshire Dividend Dogs From June And 6 To Watch This Berkshire/Buffett holdings list from Kiplinger first appeared on 5/16/24 on the Berkshire Hathaway SEC Form 13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this Berkshire batch. Here is your 6/28/24 YCharts update. 25 of 41 current Berkshire-owned-stocks pay dividends. As of 6/28/24, the top ten ranged from 2.41% to 4.97% by annual yield, and 38 of 41 ranged from 0.60% to 71.4% by broker-estimated target-price-upsides. Analyst-estimated top-ten net gains from Berkshire's June dividend dogs ranged from 15.93% to 40.57% from DEO, PARA, KHC, and SIRI, as per YCharts. Source: Seeking Alpha Mon, 01 Jul 2024 14:52:18 -0400 Sentiment: Positive |
| This is how much the largest 20 U.S. banks raised dividends after stress tests With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday. Source: Market Watch Mon, 01 Jul 2024 08:44:00 -0400 Sentiment: Positive |
| Ally Financial: Improving Credit Metrics, But Caution Is Warranted Ally Financial is benefiting from an improving credit outlook due to a "soft landing" for the US economy. Expect further progress in credit performance in the upcoming Q2 earnings release. Potential disruption and increased competition in the auto financing market are medium-term risks. Source: Seeking Alpha Sun, 30 Jun 2024 05:49:23 -0400 Sentiment: Positive |
| Ally Financial draws praise as well-positioned for soft landing in Citi's new ‘buy' rating Ally Financial Inc.'s stock rose in premarket trading on Monday after Citigroup initiated coverage of the consumer-finance company with a buy rating as a name poised to benefit from a potential soft-landing in the economy. Source: Market Watch Mon, 24 Jun 2024 09:03:00 -0400 Sentiment: Positive |
| Ally Financial schedules release of second quarter financial results CHARLOTTE, N.C. , June 20, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) has scheduled the release of its second quarter financial results for Wednesday, July 17, 2024, at approximately 7:30 a.m. Source: PRNewsWire Thu, 20 Jun 2024 10:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 41.77 52 Week Low: 21.9101 Beta: 1.403 50 Day MA: 39.3396 200 Day MA: 34.243 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.561 Qtr Revenue Growth YOY: -0.105 Forward PE: 12.1212 Trailing PE: 16.2612