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Sell Candidate
Buy Score Rank #2681 out of #5176
Fri 18'th Aug 2017

PERIOD COVERED
2017-05-19 - 2017-08-18
CHANGE
0.43%
PRICE
$25.93
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

BOLLINGER
Sell
Request Prediction
0.00%

ING Group NV Stock Analysis

Technical stock analysis for Fri 18'th Aug 2017

Sell candidate since 2017-08-11 Gain 0.82%

ING Group NV gained 0.43% in the last trading day, rising from $25.82 to $25.93 The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume fell in the last day by -13 924 shares, and in total, 8 372 shares bought and sold for approximately $217 086. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Given the current horizontal trend you can expect ING Group NV with 90% probability to be traded between $25.61 and $26.06 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

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 $25.82 and $25.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 10, 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.

The stock had a Golden Star Signal* on Wednesday August 16, 2017 for the short-term and also have Golden Star Signal for the mediumterm dated Friday July 07, 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.

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Support & Resistance

ING Group NV finds support from accumulated volume at $25.87. On the upside the stock meets some resistance just above today's level from accumulated volume at $25.96, $25.98 and $26.01.

The stock is about to test the resistance from accumulated volume at $25.96 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $25.87 Price: $25.93 Resistance: $25.96
S: $25.87 Price: $25.93 R: $25.96

Risk

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.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

ING Group NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Sell Candidate

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