ING GROEP N.V.-SPONSORED ADR (ING) Stock Technical Analysis
NYSE:ING • US4568371037
We assign a technical rating of 9 out of 10 to ING. In the last year, ING was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that ING is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, ING also shows a nice and consistent pattern of rising prices.
- ING is part of the Banks industry. There are 379 other stocks in this industry. ING outperforms 95% of them.
- ING is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ING is lagging the market slightly.
- ING has an average volume of 2409570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ING has a been trading in the 28.00 - 31.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ING has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 29.18, a Stop Loss order could be placed below this zone.
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23.59
3 important support areas can be observed.
- A support zone ranging from 28.06 to 29.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.00 from a trend line in the daily time frame.
- Support @23.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @30.91 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ING is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ING is neutral. |
| ChartMill Relative Strength | 88.77 | POSITIVE | ING has a high relative strength, it outperformed 88.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ING is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ING is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ING is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.67 | NEUTRAL | The RSI value for ING is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ING has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.68 | NEUTRAL | The Stochastics value for ING is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ING suggests some volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for ING suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.11 | 27.99 | 2.12 (7.03%) | 14.22% |
| An entry @30.11. This is a Buy Stop order right above the 10 day high. | An exit @27.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.12 points, which is 7.03%. | When investing 14.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
29.52
-0.05 (-0.17%)
ING GROEP N.V.-SPONSORED ADR / ING FAQ
What is the technical rating for ING stock?
ChartMill assigns a technical rating of 9 / 10 to ING.
Can you provide the trend direction for ING GROEP N.V.-SPONSORED ADR?
The current trend direction for ING GROEP N.V.-SPONSORED ADR (ING) is Bullish.
What is the RSI signal for ING GROEP N.V.-SPONSORED ADR (ING) stock?
ING GROEP N.V.-SPONSORED ADR (ING) has an RSI value of 51.67. This indicates that the stock is currently neutral.
What is the short term momentum for ING GROEP N.V.-SPONSORED ADR (ING) stock?
The short term momentum for ING GROEP N.V.-SPONSORED ADR (ING) is neutral.