Buy Candidate
Wed 26'th Apr 2017

PERIOD COVERED
2017-01-27 - 2017-04-26
CHANGE
0.24%
PRICE
$25.72
VOLUME
Sell
TREND
Hold
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Buy
Request Prediction
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ING Group NV Stock Analysis

Technical stock analysis for Wed 26'th Apr 2017

Buy candidate since 2017-04-25 Gain 0.24%

ING Group NV gained 0.24% in the last trading day, rising from USD 25.66 to USD 25.72 , 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 7 of the last 10 days and is up by 1.1% over the past 2 weeks. Volume fell in the last day by -12 503 shares, and in total, 24 297 shares bought and sold for approximately USD 624 919. 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 USD 25.74 and USD 26.39 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 USD 25.61 and USD 25.68. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 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 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 68 and the stock is currently not being overbought or oversold

Support & Resistance

ING Group NV finds support from accumulated volume at USD 25.70, USD 25.57, and USD 25.37. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 25.74, USD 25.89 and USD 26.00.

The stock is about to test the resistance from accumulated volume at USD 25.74 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

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

Our recommended stoploss: USD 24.45 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

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. 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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