Buy Candidate
Wed 26'th Apr 2017

PERIOD COVERED
2017-01-27 - 2017-04-26
CHANGE
0.31%
PRICE
$25.68
VOLUME
Buy
TREND
Hold
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Buy
Request Prediction
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ING Group NV Stock Analysis

Technical stock analysis for Wed 26'th Apr 2017

Buy candidate since 2017-04-26

ING Group NV gained 0.31% in the last trading day, rising from USD 25.60 to USD 25.68 The price has risen in 7 of the last 10 days and is up by 0.71% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 14 968 more shares were traded than the day before. In total, 30 687 shares bought and sold for approximately USD 788 042.

Trend

Given the current horizontal trend you can expect ING Group NV with 90% probability to be traded between USD 25.74 and USD 26.31 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.

Signals

Only positive signals in the chart today. 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 USD 25.58 and USD 25.67. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 11, 2017, which indicates further gains until a new top pivot has been found. ING Group NV has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

The stock had a Golden Star Signal* on Thursday February 02, 2017 for the short-term and also have Golden Star Signal for the mediumterm dated Wednesday October 19, 2016.

* 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)

The stock holds a RSI14 at 72 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

ING Group NV finds support from accumulated volume at USD 25.51, USD 25.50, and USD 25.49. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 25.71, USD 25.74 and USD 25.73.

The stock is about to test the resistance from accumulated volume at USD 25.71 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.13 (0.51%) between high and low. For the last week, the stock has had a daily average volatility of 0.39%.

Our recommended stoploss: USD 24.28 (-5.45%) (This stock has low daily movements and this gives low risk. The RSI14 is 72 and this increases the risk substantially. There is a buy signal from pivot bottom found 10 days ago.)

Evaluation

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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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