ING Group Technical Analysis (NYSE:ING)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ING stock chart pattern can give those who understand technical analysis an indication of which way ING stock is headed, but cannot predict with 100% certainty as to what can happen to the ING Group stock price.
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. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of ING Group stock analysis.
ING Group Moving Average
Moving averages help predict the price direction of ING stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $16.98 is below the last closing price of $17.44 and the 50 day moving average of $17.57 is above the last closing price of $17.44. The 10 and 20 day periods can predict short term moving average trends.
ING Group Bollinger Bands
Bollinger bands comprise of a center line usually ING SMA, and two ING stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. 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
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ING Group MACD indicator can be used to identify bullish and bearish trends for the stock.
ING Group Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 69.7 is the RSI value of ING stock.