ING Group NV Stock Forecast

ING Group NV stock price up more than 7.03% on Thursday
(Updated on May 02, 2024)

ING Signals & Forecast

The ING Group NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.00 and $16.16. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -0.351%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, February 28, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for ING Group NV stock

On the downside, the stock finds support just below today's level from accumulated volume at $15.81 and $13.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ING Group NV finds support just below today's level at $15.81. If this is broken, then the next support from accumulated volume will be at $13.72 and $13.71.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.280 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 1.26%.

Our recommended stop-loss: $16.42 (-3.71%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (ING) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect ING Group NV to open at $17.01, and during the day (based on 14 day Average True Range), to move between $16.67 and $17.43, which gives a possible trading interval of +/-$0.379 (+/-2.23%) up or down from last closing price. If ING Group NV takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.11 (0.35%) than the support at $15.81 (7.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ING Group NV stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ING Group NV stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.637 Buy Candidate Upgraded

Predicted Opening Price for ING Group NV of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.