ING GROEP N.V. - Daily - Technical analysis published on 10/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9.833 EUR
My targets
10.480 EUR (+1.14%)
11.071 EUR (+6.84%)
My analysis
The bullish trend is currently very strong on ING GROEP N.V.. As long as the price remains above the support at 9.833 EUR, you could try to benefit from the boom. The first bullish objective is located at 10.480 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.071 EUR as an objective. Crossing it would then enable buyers to target 11.672 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ING GROEP N.V. rating is 10.362 EUR. The price has increased by +1.97% since the last closing and was traded between 10.174 EUR and 10.486 EUR over the period. The price is currently at +1.85% from its lowest and -1.18% from its highest.10.174
10.486
10.362
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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 this Daily chart of ING GROEP N.V. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.549 | 9.302 | 9.833 | 10.362 | 10.480 | 11.071 | 11.672 |
| Change (%) | -17.50% | -10.23% | -5.11% | - | +1.14% | +6.84% | +12.64% |
| Change | -1.813 | -1.060 | -0.529 | - | +0.118 | +0.709 | +1.310 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.898 | 9.982 | 10.072 | 10.156 | 10.246 | 10.330 | 10.420 |
| Camarilla | 10.114 | 10.130 | 10.146 | 10.162 | 10.178 | 10.194 | 10.210 |
| Woodie | 9.901 | 9.984 | 10.075 | 10.158 | 10.249 | 10.332 | 10.423 |
| Fibonacci | 9.982 | 10.049 | 10.090 | 10.156 | 10.223 | 10.264 | 10.330 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.000 | 9.331 | 9.747 | 10.078 | 10.494 | 10.825 | 11.241 |
| Camarilla | 9.957 | 10.025 | 10.094 | 10.162 | 10.231 | 10.299 | 10.367 |
| Woodie | 9.042 | 9.352 | 9.789 | 10.099 | 10.536 | 10.846 | 11.283 |
| Fibonacci | 9.331 | 9.617 | 9.793 | 10.078 | 10.364 | 10.540 | 10.825 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.480 | 8.014 | 8.809 | 9.343 | 10.138 | 10.672 | 11.467 |
| Camarilla | 9.239 | 9.360 | 9.482 | 9.604 | 9.726 | 9.848 | 9.970 |
| Woodie | 7.611 | 8.079 | 8.940 | 9.408 | 10.269 | 10.737 | 11.598 |
| Fibonacci | 8.014 | 8.522 | 8.835 | 9.343 | 9.851 | 10.164 | 10.672 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 71.24 | |
| MACD (12,26,9): | 0.2480 | |
| Directional Movement: | 26.224 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 9.991 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.408 | |
| Elder Ray (13): | 0.485 | |
| Super Trend (3,10): | 9.544 | |
| Zig ZAG (10): | 10.362 | |
| VORTEX (21): | 1.1070 | |
| Stochastique (14,3,5): | 85.63 | |
| TEMA (21): | 10.159 | |
| Williams %R (14): | -8.12 | |
| Chande Momentum Oscillator (20): | 1.286 | |
| Repulse (5,40,3): | 3.0320 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2330 | |
| Courbe Coppock: | 13.44 |
| MA7: | 10.085 | |
| MA20: | 9.582 | |
| MA50: | 9.207 | |
| MA100: | 9.462 | |
| MAexp7: | 10.050 | |
| MAexp20: | 9.705 | |
| MAexp50: | 9.484 | |
| MAexp100: | 9.522 | |
| Price / MA7: | +2.75% | |
| Price / MA20: | +8.14% | |
| Price / MA50: | +12.54% | |
| Price / MA100: | +9.51% | |
| Price / MAexp7: | +3.10% | |
| Price / MAexp20: | +6.77% | |
| Price / MAexp50: | +9.26% | |
| Price / MAexp100: | +8.82% |
News
The last news published on ING GROEP N.V. at the time of the generation of this analysis was as follows:
- ING publishes first Terra progress report
- ING posts 2Q2019 net result of €1,438 million
- Roland Boekhout will leave ING to join Commerzbank
- ING posts 1Q19 net result of €1,119 million
- ING to redeem US$ 1,045 million Perpetual Hybrid Capital Securities
This member declared not having a position on this financial instrument or a related financial instrument.
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