ING Bank Slaski S.A. Stock Forecast
Weaker technical forecast for ING Bank Slaski S.A. as stock downgraded to Strong Sell Candidate.
(Updated on May 20, 2024)
The ING Bank Slaski S.A. stock price fell by -0.344% on the last day (Monday, 20th May 2024) from 291.00zł to 290.00zł. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.62% from a day low at 286.50zł to a day high of 294.00zł. The price has fallen in 6 of the last 10 days and is down by -4.76% for this period. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately 5.75zł million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 288.73zł will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ING Bank Slaski S.A. stock with a 90% probability to be traded between 283.59zł and 340.57zł at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ING.WA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ING Bank Slaski S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 294.57zł and 318.44zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -17.02%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ING Bank Slaski S.A. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 7.50zł between high and low, or 2.62%. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ING.WA) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ING Bank Slaski S.A. to open at 290.17zł, and during the day (based on 14 day Average True Range), to move between 280.28zł and 299.72zł, which gives a possible trading interval of +/-9.72zł (+/-3.35%) up or down from last closing price. If ING Bank Slaski S.A. takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 302.50zł, some 12.50zł (4.31%) from the current price of 290.00zł, our system finds the risk reward not very attractive.
Is ING Bank Slaski S.A. stock A Buy?
ING Bank Slaski S.A. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.982 Strong Sell Candidate Downgraded
Predicted Opening Price for ING Bank Slaski S.A. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 290.17zł ( 0.0575%) | 290.00zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ING.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 297.67 | 2.64 % | |
| R2 | 294.80 | 1.66 % | ||
| R1 | 293.03 | 1.05 % | ||
| Current price: | 290.00 | |||
| Support | S1 | 287.30 | -0.93 % | |
| S2 | 285.53 | -1.54 % | ||
| S3 | 282.67 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 348.00 | 20.00 % | |
| R2 | 309.00 | 6.55 % | ||
| R1 | 302.50 | 4.31 % | ||
| Current price | 290.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ING Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | May 06, 2024 | 33.35zł | 10.95% |
| 2 | Apr 13, 2022 | Apr 13, 2022 | Apr 13, 2022 | 5.30zł | 2.32% |
| 3 | Dec 02, 2021 | Dec 02, 2021 | Dec 02, 2021 | 5.10zł | 1.99% |
| 4 | Apr 22, 2020 | Apr 22, 2020 | Apr 22, 2020 | 3.80zł | 2.92% |
| 5 | Apr 17, 2019 | Apr 17, 2019 | Apr 17, 2019 | 3.50zł | 1.80% |
FAQ
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