ING Groep N.V. Stock Forecast
Green day on Friday for ING Groep N.V.
(Updated on May 03, 2024)
The ING Groep N.V. stock price gained 0.569% on the last trading day (Friday, 3rd May 2024), rising from 15.81€ to 15.90€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.13% from a day low at 15.79€ to a day high of 16.12€. The price has risen in 8 of the last 10 days and is up by 4.81% over the past 2 weeks. Volume fell on the last day by -12 million shares and in total, 13 million shares were bought and sold for approximately 208.22€ 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.45% during the next 3 months and, with a 90% probability hold a price between 19.80€ and 22.10€ at the end of this 3-month period.
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INGA.AS Signals & Forecast
The ING Groep N.V. 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 15.10€ and 15.02€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 8.37%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, April 24, 2024 with a target of 15.32€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for ING Groep N.V. stock
ING Groep N.V. 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 0.336€ between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: 15.38€ (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (INGA.AS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ING Groep N.V. to open at 15.94€, and during the day (based on 14 day Average True Range), to move between 15.53€ and 16.26€, which gives a possible trading interval of +/-0.364€ (+/-2.29%) up or down from last closing price. If ING Groep N.V. takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 15.81€, some 0.0900€ (0.57%) from the current price of 15.90€, our system finds the risk reward attractive.
Is ING Groep N.V. stock A Buy?
ING Groep N.V. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.392 Strong Buy Candidate Unchanged
Predicted Opening Price for ING Groep N.V. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 15.94€ ( 0.243%) | 15.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INGA.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.27 | 2.36 % | |
| R2 | 16.14 | 1.55 % | ||
| R1 | 16.07 | 1.05 % | ||
| Current price: | 15.90 | |||
| Support | S1 | 15.81 | -0.564 % | |
| S2 | 15.73 | -1.06 % | ||
| S3 | 15.60 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 15.90 | |||
| Support | S1 | 15.81 | -0.566% | |
| S2 | 14.06 | -11.56% | ||
| S3 | 12.69 | -20.18% |
INGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | May 03, 2024 | 0.756€ | 4.75% |
| 2 | Aug 07, 2023 | Aug 07, 2023 | Aug 07, 2023 | 0.350€ | 2.65% |
| 3 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | 0.389€ | 3.47% |
| 4 | Jan 09, 2023 | Jan 09, 2023 | Jan 09, 2023 | 0.0820€ | 0.668% |
| 5 | Aug 08, 2022 | Aug 08, 2022 | Aug 08, 2022 | 0.170€ | 1.80% |
FAQ
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