ISP - 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 -0.15% in the last day, from USD 25.86 to USD 25.82. , and has now fallen 4 day in a row The price has risen in 7 of the last 10 days days and is up by 0.43% over the past 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 -3 735 shares and in total, 11 644 shares bought and sold for approx. USD 300 648.
ING Group NV lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 25.79 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.1% during the next 3 months and, with 90% probability hold a price between USD 26.59 and USD 27.08 at the end of this period.
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 25.91. 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. 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 Wednesday March 01, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
* 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 55 and the stock is currently not being overbought or oversold
Support & Resistance
ING Group NV finds support from accumulated volume at USD 25.49, USD 25.31, and USD 25.30. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 25.90, USD 25.83 and USD 25.95.
The stock is about to test the resistance from accumulated volume at USD 25.90 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.
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.