Fri 23'rd Feb 2018
ING Group NV Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
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.
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.
* 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 $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.
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.)
Very Low Low Medium High Very High
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.
Trade ISG CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Access these features
Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder