Buy Candidate
Fri 23'rd Jun 2017

PERIOD COVERED
2017-03-24 - 2017-06-23
CHANGE
0.19%
PRICE
$26.11
VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
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ING Group NV Stock Analysis

Technical stock analysis for Fri 23'rd Jun 2017

Buy candidate since 2017-06-22 Gain 0.19%

ING Group NV gained 0.19% in the last trading day, rising from USD 26.06 to USD 26.11 The price has risen in 8 of the last 10 days and is up by 0.58% over the past 2 weeks. Volume fell in the last day by -10 278 shares, and in total, 27 193 shares bought and sold for approximately USD 710 009. 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 weak 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 2.3% during the next 3 months and, with 90% probability hold a price between USD 26.53 and USD 27.08 at the end of this period.

Signals

ING Group NV holds buy signals from both short- and long-term moving averages. In addition, 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 USD 26.06 and USD 25.98. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday May 26, 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 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 69 and the stock is currently not being overbought or oversold

Support & Resistance

ING Group NV finds support from accumulated volume at USD 25.89, USD 25.56, and USD 25.50. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Risk

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

Our recommended stoploss: USD 24.77 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 19 days ago.)

Evaluation

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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