ISG - ING Group NV

Exchange: NYSE

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 0.04%
PRICE $25.80
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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ING Group NV Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Sell candidate since 2017-10-18 Gain 0.04%

ING Group NV gained 0.04% in the last trading day, rising from $25.79 to $25.80 , and 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. The price has risen in 6 of the last 10 days and is up by 0.82% over the past 2 weeks. Volume fell in the last day by -20 503 shares, and in total, 11 969 shares bought and sold for approximately $308 800. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

ING Group NV lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.30% during the next 3 months and, with 90% probability hold a price between $24.76 and $25.32 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Monday October 09, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. ING Group NV holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $25.85. On a fall, the stock will find some support from the short-term average at $25.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

The stock had a Golden Star Signal* on Wednesday February 08, 2017 in the mediumterm chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Support & Resistance

ING Group NV finds support from accumulated volume at $25.60. On the upside the stock meets some resistance just above today's level from accumulated volume at $25.89, $26.04 and $26.10.

The stock is about to test the resistance from accumulated volume at $25.89 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $25.60 Price: $25.80 Resistance: $25.89

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

ING Group NV holds several negative signals and we believe that 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

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