ING GROEP N.V.
ING GROEP N.V.
- EUR (-)
- 15 min delayed data - Euronext Amsterdam
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: INGA
ISIN: NL0011821202

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard9.8989.98210.07210.15610.24610.33010.420
Camarilla10.11410.13010.14610.16210.17810.19410.210
Woodie9.9019.98410.07510.15810.24910.33210.423
Fibonacci9.98210.04910.09010.15610.22310.26410.330


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.0009.3319.74710.07810.49410.82511.241
Camarilla9.95710.02510.09410.16210.23110.29910.367
Woodie9.0429.3529.78910.09910.53610.84611.283
Fibonacci9.3319.6179.79310.07810.36410.54010.825


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.4808.0148.8099.34310.13810.67211.467
Camarilla9.2399.3609.4829.6049.7269.8489.970
Woodie7.6118.0798.9409.40810.26910.73711.598
Fibonacci8.0148.5228.8359.3439.85110.16410.672

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%

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

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