ING GROUP N.V.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	ING
ISIN:

ING GROUP N.V. - Daily - Technical analysis published on 08/15/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 16.04 USD

My targets

17.63 USD (+2.14%)

18.21 USD (+5.50%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ING GROUP N.V. as long as the price remains well above 16.04 USD. The buyers' bullish objective is set at 17.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.21 USD. If there is any crossing, the next objective would be the resistance located at 20.23 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ING GROUP N.V. rating is 17.26 USD. On the day, this instrument gained +2.07% and was between 17.17 USD and 17.30 USD. This implies that the price is at +0.52% from its lowest and at -0.23% from its highest.

17.17

17.30

17.26

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of ING GROUP N.V. in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.86	16.04	17.08	17.26	17.63	18.21	20.23
Change (%)	-13.90%	-7.07%	-1.04%	-	+2.14%	+5.50%	+17.21%
Change	-2.40	-1.22	-0.18	-	+0.37	+0.95	+2.97
Level	Major	Major	Intermediate	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.80	16.83	16.87	16.90	16.94	16.97	17.01
Camarilla	16.89	16.90	16.90	16.91	16.92	16.92	16.93
Woodie	16.81	16.83	16.88	16.90	16.95	16.97	17.02
Fibonacci	16.83	16.86	16.87	16.90	16.93	16.94	16.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.51	15.74	16.18	16.41	16.85	17.08	17.52
Camarilla	16.43	16.49	16.55	16.61	16.67	16.73	16.79
Woodie	15.61	15.79	16.28	16.46	16.95	17.13	17.62
Fibonacci	15.74	16.00	16.16	16.41	16.67	16.83	17.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.90	16.48	17.10	17.68	18.30	18.88	19.50
Camarilla	17.40	17.51	17.62	17.73	17.84	17.95	18.06
Woodie	15.93	16.49	17.13	17.69	18.33	18.89	19.53
Fibonacci	16.48	16.94	17.22	17.68	18.14	18.42	18.88

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.87
MACD (12,26,9):	-0.1700
Directional Movement:	0.30
AROON (14):	-50.00
DEMA (21):	16.86
Parabolic SAR (0,02-0,02-0,2):	16.04
Elder Ray (13):	0.29
Super Trend (3,10):	16.34
Zig ZAG (10):	17.26
VORTEX (21):	0.7900
Stochastique (14,3,5):	49.46
TEMA (21):	16.65
Williams %R (14):	-34.28
Chande Momentum Oscillator (20):	-0.49
Repulse (5,40,3):	1.3800
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	13.55

MA7:	16.74
MA20:	17.24
MA50:	17.16
MA100:	16.67
MAexp7:	16.88
MAexp20:	17.05
MAexp50:	17.04
MAexp100:	16.46
Price / MA7:	+3.11%
Price / MA20:	+0.12%
Price / MA50:	+0.58%
Price / MA100:	+3.54%
Price / MAexp7:	+2.25%
Price / MAexp20:	+1.23%
Price / MAexp50:	+1.29%
Price / MAexp100:	+4.86%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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