ING Groep N.V. 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 Groep N.V. stock price ended at 16.52€ on Friday, after gaining 1.84%.
(Updated on May 17, 2024)
The ING Groep N.V. stock price gained 1.84% on the last trading day (Friday, 17th May 2024), rising from 16.23€ to 16.52€. During the last trading day the stock fluctuated 1.87% from a day low at 16.22€ to a day high of 16.52€. The price has risen in 7 of the last 10 days and is up by 3.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately 178.73€ million.
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 27.54% during the next 3 months and, with a 90% probability hold a price between 19.96€ and 22.14€ at the end of this 3-month period.
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INGA.AS Signals & Forecast
Mostly positive signals in the chart today. 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 16.23€ and 15.52€. 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 12.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
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 0.304€ between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: 15.81€ (-4.33%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (INGA.AS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ING Groep N.V. to open at 16.42€, and during the day (based on 14 day Average True Range), to move between 16.24€ and 16.81€, which gives a possible trading interval of +/-0.289€ (+/-1.75%) 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 3.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 15.81€, some 0.716€ (4.33%) from the current price of 16.52€, our system finds the risk reward attractive.
Is ING Groep N.V. 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 Groep N.V. stock to perform well in the short-term.
Current score: 3.468 Buy Candidate Unchanged
Predicted Opening Price for ING Groep N.V. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 16.42€ ( 0.613%) | 16.52€ |
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 | 16.73 | 1.23 % | |
| R2 | 16.61 | 0.524 % | ||
| R1 | 16.54 | 0.0895 % | ||
| Current price: | 16.52 | |||
| Support | S1 | 16.31 | -1.32 % | |
| S2 | 16.23 | -1.75 % | ||
| S3 | 16.12 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.52 | |||
| Support | S1 | 15.81 | -4.33% | |
| S2 | 14.06 | -14.91% | ||
| S3 | 12.69 | -23.20% |
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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