ALLY Price Prediction Next Week
Based on the technical analysis and recent news, here's the price prediction for ALLY for the next trading week:
Technical Analysis The stock is currently trading at $38.27, showing a neutral to slightly bullish trend. The RSI-14 at 53.50 indicates moderate momentum without being overbought. The MACD at 0.47 suggests positive momentum. The stock is trading around its 20-day SMA of $38.00 and 200-day SMA of $38.03, indicating a consolidation phase.
News Impact Recent insider purchases show strong confidence in the company. The CFO Russell Hutchinson purchased 19,100 shares at $39.45, and CEO Michael George Rhodes bought 25,634 shares at $39.09, totaling over $1.7M in purchases. This significant insider buying activity suggests management's positive outlook on the company's future.
Price Targets for Next Week
- Support levels: $37.78 (Fibonacci S1), $37.08 (Fibonacci S2)
- Resistance levels: $40.05 (Fibonacci R1), $40.75 (Fibonacci R2)
Prediction Based on technical indicators and positive insider sentiment, ALLY is expected to test the first resistance level at $40.05 next week. The strong insider buying provides a solid foundation for upward movement.
Recommendation: BUY Entry point: Current price ($38.27) Target: $40.05 (+4.65%) Stop loss: $37.08 (-3.11%)
The positive insider sentiment, neutral technical indicators, and strong support levels create a favorable risk-reward ratio for a long position.
ALLY Similar Chart Price Prediction
The price of ALLY is predicted to go up -11.38%, based on the high correlation periods with MGA. The similarity of these two price pattern on the periods is 97.63%.
ALLY
MGA
Down: -11.38%Similarity: 97.63%
ALLY Revenue Forecast
ALLY EPS Forecast
ALLY FAQs
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ALLY VS S&P500
Ally has had material success in improving its funding structure, which will lead to wider net interest margins going forward.
Ally's expansion into credit cards gives it new avenues for high-margin net interest income growth.
Many of Ally's competitors have pulled back from the auto loan space, reducing the amount of competition Ally will need to face in the near to medium term.
ALLY Analyst's Forecast
Betsy Graseck
Morgan Stanley
Buy
2025-01-23
Price Target
$41 → $45
Upside
+11.79%
JPMorgan analyst Richard Shane raised the firm's price target on Ally Financial to $43 from $40 and keeps an Overweight rating on the shares following the Q4 report. The shares are likely to remain volatile, with significant potential upside as headwinds abate, the analyst tells investors in a research note.
Richard Shane
JP Morgan
Buy
2025-01-23
Price Target
$40 → $43
Upside
+6.82%
Karl Shepard
RBC Capital
Buy
2025-01-23
Price Target
$41 → $45
Upside
+11.79%
