Wed 13'th Dec 2017
ING Group NV Stock Analysis
Technical stock analysis for Wed 13'th Dec 2017
ING Group NV is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $26.20 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect ING Group NV with 90% probability to be traded between $25.77 and $26.41 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ING Group NV holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $26.10. On a fall, the stock will find some support from the long-term average at approximately $25.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday December 11, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* 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 67 and the stock is currently not being overbought or oversold
Support & Resistance
ING Group NV finds support from accumulated volume at $25.89. On the upside the stock meets some resistance just above today's level from accumulated volume at $26.11, $26.14 and $26.19.
The stock is about to test the resistance from accumulated volume at $26.11 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.17 (0.66%) between high and low. For the last week, the stock has had a daily average volatility of 0.65%.
Our recommended stoploss: $25.06 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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