ING Group NV Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AI Analysis of ING
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Stronger technical forecast for ING Group NV stock price after Friday trading
(Updated on Oct 04, 2024)
Hold candidate since Oct 04, 2024
The ING Group NV stock price gained 1.44% on the last trading day (Friday, 4th Oct 2024), rising from $17.41 to $17.66. During the last trading day the stock fluctuated 0.91% from a day low at $17.52 to a day high of $17.68. The price has fallen in 7 of the last 10 days and is down by -5.36% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 135 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $24.39 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ING Group NV stock with a 90% probability to be traded between $16.73 and $18.79 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ING Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, October 03, 2024, and so far it has risen 1.44%. Further rise is indicated until a new top pivot has been found. 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. The ING Group NV 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 $17.92 and $17.98. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ING Group NV stock
ING Group NV finds support from accumulated volume at $17.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.160 (0.91%) between high and low. For the last week, the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: $16.67 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ING) For The Upcoming Trading Day Of Monday 7th
For the upcoming trading day on Monday, 7th we expect ING Group NV to open at $17.62, and during the day (based on 14 day Average True Range), to move between $17.35 and $17.97, which gives a possible trading interval of +/-$0.314 (+/-1.78%) up or down from last closing price. If ING Group NV takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.73 (0.40%) than the support at $17.22 (2.49%), 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?
ING Group NV holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score:
-0.754
Hold/Accumulate
Upgraded
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Predicted Fair Opening Price
Predicted fair opening price on October 7, 2024 - $17.62 ( 0.227%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for ING
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.78 | 0.680% |
| R2 | 17.72 | 0.333% |
| R1 | 17.68 | 0.120% |
| Price | 17.66 | |
| S1 | 17.56 | -0.573% |
| S2 | 17.52 | -0.786% |
| S3 | 17.46 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.30 | 3.62% |
| R2 | 17.89 | 1.30% |
| R1 | 17.73 | 0.396% |
| Price | 17.66 | |
| S1 | 17.22 | -2.49% |
| S2 | 16.74 | -5.21% |
| S3 | 16.55 | -6.29% |
ING Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2024 | Aug 08, 2024 | Aug 19, 2024 | $0.322 | 1.83% |
| 2 | Mar 07, 2024 | Apr 24, 2024 | May 10, 2024 | $0.697 | 4.03% |
| 3 | Aug 03, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.383 | 2.70% |
| 4 | Mar 10, 2023 | Apr 26, 2023 | May 12, 2023 | $0.410 | 3.23% |
| 5 | Jan 03, 2023 | Jan 13, 2023 | May 12, 2023 | $0.0870 | 0.686% |
FAQ
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