To predict the stock price of Ally Financial (ALLY) for the next trading week, we analyze both technical indicators and recent news sentiment.
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.
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.
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.
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
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.
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