ING Group Technical Analysis (NYSE:ING)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. When a chart pattern that can predict future ING Group stock price movements is formed, the ING stock chart can become a key tool for a technical analyst.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for ING Group. The technical analysis form of ING Group stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
ING Group Moving Average:
Moving averages show the average price of ING stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $18.36 is above the last closing price of $17.89 and the 50 day moving average of $17.85 is below the $17.89 price. The 10 and 20 day periods can predict short term moving average trends.
ING Group Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like ING Group. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of ING Group bollinger bands.
ING Group Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The ING Group MACD line is above the signal line.
ING Group Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of ING stock is 30.8. .