Thu 19'th Oct 2017
ING Group NV Stock Analysis
Technical stock analysis for Thu 19'th Oct 2017
Sell candidate since 2017-10-18 Gain 0.04%
ING Group NV lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.30% during the next 3 months and, with 90% probability hold a price between $24.76 and $25.32 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday October 09, 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. ING Group NV holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $25.85. On a fall, the stock will find some support from the short-term average at $25.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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 43 and the stock is currently not being overbought or oversold
Support & Resistance
ING Group NV finds support from accumulated volume at $25.60. On the upside the stock meets some resistance just above today's level from accumulated volume at $25.89, $26.04 and $26.10.
The stock is about to test the resistance from accumulated volume at $25.89 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: We hold a sell evaluation for this stock. No stop-loss set.
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ING Group NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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