ING Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for ING for the next trading week:
Technical Analysis
- Current RSI (14) at 63.96 indicates the stock is approaching overbought territory but not yet overextended
- MACD at 0.26 shows positive momentum
- Fibonacci levels indicate key resistance at 16.73 and support at 15.73
News Analysis
- ING continues its €2.0 billion share buyback program, with 60.7 million shares repurchased at an average price of €15.03 as of January 17, 2025
- The company has completed approximately 45.67% of the maximum total value of the share buyback programme
- Strong ESG performance maintained with 'AA' rating from MSCI
Price Prediction for Next Week
- Resistance levels: 16.73, 17.04
- Support levels: 15.73, 15.42
- Target price range: 15.73-16.73
Trading Recommendation SELL with the following rationale:
- Stock is approaching overbought territory on RSI
- Price is near upper Fibonacci resistance level
- Share buyback program may provide some price support but technical indicators suggest limited upside potential in short term
Target entry: Current market price Stop loss: 17.04 Take profit: 15.73
ING Similar Chart Price Prediction
The price of ING is predicted to go up -1.17%, based on the high correlation periods with KBR. The similarity of these two price pattern on the periods is 96.72%.
ING
KBR
Down: -1.17%Similarity: 96.72%
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ING VS S&P500
Dutch banking system is an oligopoly with the three main banks holding more than 90% of Dutch current accounts.
A very attractive funding structure dominated by cheap, sticky retail deposits.
Ahead of the curve in direct banking using digital channels, ING DiBa in Germany one of the most successful digital banks in Europe.