Buy Score Rank #688 out of #5176
Fri 18'th Aug 2017
ING Group NV Stock Analysis
Technical stock analysis for Fri 18'th Aug 2017
Buy candidate since 2017-08-15 Gain 0.65%
Given the current horizontal trend you can expect ING Group NV with 90% probability to be traded between $26.03 and $26.56 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.
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 $26.02 and $26.11. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday August 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.
* 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 52 and the stock is currently not being overbought or oversold
Support & Resistance
ING Group NV finds support from accumulated volume at $26.12. On the upside the stock meets some resistance just above today's level from accumulated volume at $26.24, $26.30 and $26.34.
The stock is about to test the resistance from accumulated volume at $26.24 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.
Since the ING Group NV has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stoploss: $24.83 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
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.
Your capital is at risk.