ING Group NV Stock Forecast
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
ING Group NV stock price ended at $15.93 on Wednesday, after gaining 0.82%.
(Updated on May 01, 2024)
The ING Group NV stock price gained 0.82% on the last trading day (Wednesday, 1st May 2024), rising from $15.80 to $15.93. During the last trading day the stock fluctuated 1.97% from a day low at $15.77 to a day high of $16.08. The price has risen in 7 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume fell on the last day by -484 thousand shares and in total, 2 million shares were bought and sold for approximately $32.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.08% during the next 3 months and, with a 90% probability hold a price between $20.32 and $23.34 at the end of this 3-month period.
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ING Signals & Forecast
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. 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 $15.95 and $16.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -6.90%. 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.
Golden Star
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 $0.310 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ING) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ING Group NV to open at $15.93, and during the day (based on 14 day Average True Range), to move between $15.61 and $16.25, which gives a possible trading interval of +/-$0.317 (+/-1.99%) up or down from last closing price. If ING Group NV takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.04 (0.69%) than the support at $15.81 (0.75%), 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.
Earnings coming up
ING Group NV will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for ING Group NV, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.91% in the first trading day after earnings release.
Is ING Group NV stock A Buy?
The ING Group NV stock holds several negative signals and despite the positive trend, we believe ING Group NV will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.108 Sell Candidate Unchanged
Predicted Opening Price for ING Group NV of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $15.93 ( 0.0209%) | $15.93 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 16.24 | 1.93 % | |
| R2 | 16.12 | 1.18 % | ||
| R1 | 16.05 | 0.722 % | ||
| Current price: | 15.93 | |||
| Support | S1 | 15.81 | -0.764 % | |
| S2 | 15.74 | -1.22 % | ||
| S3 | 15.62 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.72 | 4.96 % | |
| R2 | 16.20 | 1.69 % | ||
| R1 | 16.04 | 0.691 % | ||
| Current price | 15.93 | |||
| Support | S1 | 15.81 | -0.753% | |
| S2 | 13.72 | -13.87% | ||
| S3 | 13.18 | -17.26% |
ING Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Apr 24, 2024 | May 10, 2024 | $0.697 | 4.38% |
| 2 | Aug 03, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.383 | 2.70% |
| 3 | Mar 10, 2023 | Apr 26, 2023 | May 12, 2023 | $0.410 | 3.23% |
| 4 | Jan 03, 2023 | Jan 13, 2023 | May 12, 2023 | $0.0870 | 0.686% |
| 5 | Aug 05, 2022 | Aug 12, 2022 | Aug 22, 2022 | $0.174 | 1.97% |
FAQ
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