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Buy Candidate
Buy Score Rank #688 out of #5176
Fri 18'th Aug 2017

PERIOD COVERED
2017-05-19 - 2017-08-18
CHANGE
0.31%
PRICE
$26.18
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

BOLLINGER
Buy
Request Prediction
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ING Group NV Stock Analysis

Technical stock analysis for Fri 18'th Aug 2017

Buy candidate since 2017-08-15 Gain 0.65%

ING Group NV gained 0.31% in the last trading day, rising from $26.10 to $26.18 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 6 of the last 10 days , but is still down by -0.19% for this period. Volume fell in the last day by -17 111 shares, and in total, 7 577 shares bought and sold for approximately $198 366. 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

Given the current horizontal trend you can expect ING Group NV with 90% probability to be traded between $26.03 and $26.56 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.

Signals

ING Group NV holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $26.02 and $26.11. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday August 11, 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. 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 August 16, 2017 for the short-term and also have Golden Star Signal for the mediumterm dated Wednesday February 08, 2017.

* 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.
A buy signal from a double bottom formation was found on Friday August 11, 2017 and based on theory for this formation the price should go up by 0.84% to $26.73 within 30 trading days since signal was issued (Monday September 25, 2017).

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

ING Group NV finds support from accumulated volume at $26.12. On the upside the stock meets some resistance just above today's level from accumulated volume at $26.24, $26.30 and $26.34.

The stock is about to test the resistance from accumulated volume at $26.24 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $26.12 Price: $26.18 Resistance: $26.24
S: $26.12 Price: $26.18 R: $26.24

Risk

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

Since the ING Group NV has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $24.83 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.

Buy Candidate

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