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ING
Stock ticker: NYSE
AS OF
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Capitalization
46.2B

ING ING Groep NV Forecast, Technical & Fundamental Analysis

a financial conglomerate

Industry MajorBanks
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ING with price predictions
08:00 PM EDT Oct 02, 2023

ING in -2.20% downward trend, falling for three consecutive days on October 03, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ING declined for three days, in of 280 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ING as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ING turned negative on August 31, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

ING moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ING crossed bearishly below the 50-day moving average on September 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The Aroon Indicator for ING entered a downward trend on October 03, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ING's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ING advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

ING may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.849) is normal, around the industry mean (0.986). P/E Ratio (7.593) is within average values for comparable stocks, (16.817). Projected Growth (PEG Ratio) (0.397) is also within normal values, averaging (3.492). Dividend Yield (0.063) settles around the average of (0.056) among similar stocks. P/S Ratio (2.132) is also within normal values, averaging (2.443).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ING’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), HSBC Holdings PLC (NYSE:HSBC), Wells Fargo & Co (NYSE:WFC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 79.1B. The market cap for tickers in the group ranges from 191.41M to 417.81B. JPM holds the highest valuation in this group at 417.81B. The lowest valued company is MSL at 191.41M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 2%. BACRP experienced the highest price growth at 15%, while CM experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 30%. For the same stocks of the Industry, the average monthly volume growth was 17% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 58
Price Growth Rating: 52
SMR Rating: 11
Profit Risk Rating: 73
Seasonality Score: 40 (-100 ... +100)
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A.I. Advisor
published Earnings

ING is expected to report earnings to fall 13.83% to 56 cents per share on November 02

ING Groep NV ING Stock Earnings Reports
Q3'23
Est.
$0.56
Q2'23
Beat
by $0.13
Q1'23
Beat
by $0.13
Q4'22
Beat
by $0.01
Q3'22
Missed
by $0.06
The last earnings report on August 03 showed earnings per share of 65 cents, beating the estimate of 52 cents. With 568.10K shares outstanding, the current market capitalization sits at 46.20B.
A.I.Advisor
published Dividends

ING paid dividends on August 21, 2023

ING Groep NV ING Stock Dividends
А dividend of $0.38 per share was paid with a record date of August 21, 2023, and an ex-dividend date of August 11, 2023. Read more...
A.I. Advisor
published General Information

General Information

a financial conglomerate

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Financial Conglomerates
Address
Bijlmerdreef 106
Phone
+31 205639111
Employees
57569
Web
https://www.ing.com
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ING and

Correlation & Price change

A.I.dvisor indicates that over the last year, ING has been closely correlated with BBVA. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if ING jumps, then BBVA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ING
1D Price
Change %
ING100%
-1.00%
BBVA - ING
79%
Closely correlated
+0.12%
SAN - ING
77%
Closely correlated
-0.81%
BCS - ING
74%
Closely correlated
-1.19%
UBS - ING
64%
Loosely correlated
-2.09%
HSBC - ING
61%
Loosely correlated
+0.77%
More

Groups containing ING

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ING
1D Price
Change %
ING100%
-1.00%
ING
(undefined stocks)
84%
Closely correlated
+0.56%
asset management
(undefined stocks)
63%
Loosely correlated
+0.60%
lease
(undefined stocks)
58%
Loosely correlated
+0.20%
financial conglomerate
(undefined stocks)
57%
Loosely correlated
+0.13%
banks
(undefined stocks)
54%
Loosely correlated
+0.83%
More