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ISG - ING Group NV

Exchange: NYSE

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 0.16%
PRICE $25.58
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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ING Group NV Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts n/a
Cash n/a
Loans n/a
Beta 0.12
ROA 0.58
Buy candidate since 2018-02-23

ING Group NV gained 0.16% in the last trading day, rising from $25.54 to $25.58 The price has risen in 7 of the last 10 days and is up by 0.87% over the past 2 weeks. Volume fell in the last day by -9 065 shares, and in total, 24 443 shares bought and sold for approximately $625 252. 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.

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Trend

ING Group NV has broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $25.56, a level that may pose a second chance to hit a runner. According to fan-theory $25.97 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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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 $25.50 and $25.51. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 02, 2018, 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 Tuesday February 20, 2018 in the short-term 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.

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Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ING Group NV finds support from accumulated volume at $25.54. On the upside the stock meets some resistance just above today's level from accumulated volume at $26.02, $26.07 and $26.14.

The stock is about to test the resistance from accumulated volume at $26.02 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $25.54 Price: $25.58 Resistance: $26.02

Risk

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

Our recommended stoploss: $24.28 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 14 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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