ISG - ING Group NV Fri 24'th Mar 2017
ING Group NV Stock Analysis
Stock analysis for Fri 24'th Mar 2017 (Updated daily) Sell candidate since 2017-03-23
ING Group NV fell by -0.41% in the last day, from USD 25.89 to USD 25.78. , and has now fallen 6 day in a row The price has fallen in 5 of the last 10 days , but is still up by 0.16% over the past 2 weeks. Volume increased in the last day by 2 788 shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 24 195 shares bought and sold for approximately USD 623 747.
ING Group NV has broken the narrow and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at (USD 25.83 ). A reaction back to this level may hold a second chance to get out before further falls.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday February 28, 2017, which indicates further falls until a new bottom pivot has been found. ING Group NV gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". 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 USD 25.92. On a fall, the stock will find some support from the long-term average at approximately USD 25.65. 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.
* 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 59 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 26.00, USD 25.87 and USD 25.95.
The stock is about to test the resistance from accumulated volume at USD 26.00 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 USD 0.08 (0.31%) between high and low. For the last week, the stock has had a daily average volatility of 0.39%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
ING Group NV holds several negative signals and we believe 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.