ING Group NV Stock Forecast

Green day on Friday for ING Group NV stock after gaining 1.00%
(Updated on Apr 19, 2024)

ING Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.32%. 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 ING Group NV stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.01 and $15.78. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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

ING Group NV finds support from accumulated volume at $15.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.135 between high and low, or 0.84%. For the last week, the stock has had daily average volatility of 1.47%.

Our recommended stop-loss: $15.43 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ING) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect ING Group NV to open at $16.20, and during the day (based on 14 day Average True Range), to move between $15.90 and $16.50, which gives a possible trading interval of +/-$0.305 (+/-1.88%) up or down from last closing price. If ING Group NV takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.49 (1.79%) than the support at $15.81 (2.41%), 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.

Current score: 3.679 Buy Candidate Unchanged

Predicted Opening Price for ING Group NV of Monday, April 22, 2024

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