ISG - ING Group NV

Exchange: NYSE

Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE -0.11%
PRICE $26.08
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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ING Group NV Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts n/a
Cash n/a
Loans n/a
Beta 0.16
ROA 0.56
Hold candidate since 2017-12-11 Loss -0.42%

ING Group NV fell by -0.11% in the last day from $26.11 to $26.08 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 0.31% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -93 shares and in total 65 119 shares bought and sold for approximately $1.70 million.

Access today's Top 5 Hold/Accumulates

Trend

ING Group NV is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $26.20 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect ING Group NV with 90% probability to be traded between $25.77 and $26.41 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.

Click here for today's Top 5 Trending Companies

Signals

ING Group NV holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $26.10. On a fall, the stock will find some support from the long-term average at approximately $25.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday December 11, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

The stock had a Golden Star Signal* on Friday November 17, 2017 for the short-term and also have Golden Star Signal for the mediumterm dated Wednesday February 08, 2017.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 67 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 $25.89. On the upside the stock meets some resistance just above today's level from accumulated volume at $26.11, $26.14 and $26.19.

The stock is about to test the resistance from accumulated volume at $26.11 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $25.89 Price: $26.08 Resistance: $26.11

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.17 (0.66%) between high and low. For the last week, the stock has had a daily average volatility of 0.65%.

Our recommended stoploss: $25.06 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

ING Group NV holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

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