ALLY Price Prediction Next Week
Analysis and Insights
To predict the stock price of Ally Financial (ALLY) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
Ally Financial's stock has shown a bullish divergence in the MACD and RSI indicators, suggesting potential upside. The stock is currently trading near the lower Bollinger Band, indicating oversold conditions and a potential rebound.
News Sentiment and Recent Developments:
- Berkshire Hathaway's Confidence: Berkshire Hathaway maintained its position in Ally Financial, reflecting confidence in the company's growth potential.
- Options Activity: High call option volume, particularly for the $40 strike, indicates bullish sentiment among traders.
- Balance Sheet Restructuring: Ally sold $2.8 billion of low-yielding securities to improve profitability, though it resulted in a $250 million pre-tax loss.
Fibonacci Levels:
The stock is approaching a key support level at $33.93 (Fibonacci S1). If it breaks above the resistance at $37.39 (Fibonacci R1), it could target $40.
Conclusion:
Based on the bullish technical indicators and positive news sentiment, the stock is expected to rise to $40 next week. Buy Ally Financial (ALLY) at the current price of $34.16 with a target of $40.
ALLY Similar Chart Price Prediction
The price of ALLY is predicted to go up 1.86%, based on the high correlation periods with BRFS. The similarity of these two price pattern on the periods is 97.52%.
ALLY
BRFS
Up: 1.86%Similarity: 97.52%
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%
