Nov. 21 at 3:09 AM
$ALLY: The last close at
$37.57 indicates the stock is currently trading below its 30-day moving average (MA30) of
$39.45 and 50-day moving average (MA50) of
$40.17, suggesting bearish momentum. The RSI of 41.61 indicates the stock is approaching oversold territory, which may signal a potential reversal. However, the stock remains within the 60-day high of
$44.83 and low of
$36.94, indicating a consolidation phase.
Directional bias leans bearish due to the position below key moving averages, but the RSI suggests a possible bounce.
Suggested trade plan:
- Entry:
$37.00 (below current close for confirmation of support).
- Stop:
$36.50 (to limit downside risk).
- Target 1:
$39.00 (near MA30).
- Target 2:
$40.00 (near MA50).
Monitor for any changes in momentum or volume that may affect this plan.
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