Following these proceedings, Barclays upgraded its ING Groep N.V. ADR [ING] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late March from “an Underweight” to “an Equal weight”. RBC Capital Mkts also remained covering ING and has decreased its forecast on December 02, 2021 with a “Sector perform” recommendation from previously “an Outperform” rating. Barclays revised its rating on June 04, 2021. It rated ING as “an Underweight” which previously was an “an Equal weight”.
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Price Performance Review of ING
On Tuesday, ING Groep N.V. ADR [NYSE:ING] saw its stock fall -2.37% to $17.73. Over the last five days, the stock has lost -3.95%. ING Groep N.V. ADR shares have risen nearly 18.04% since the year began. Nevertheless, the stocks have risen 34.52% over the past one year. While a 52-week high of $18.72 was reached on 09/20/24, a 52-week low of $12.44 was recorded on 02/07/24. SMA at 50 days reached $17.80, while 200 days put it at $16.33.
Levels Of Support And Resistance For ING Stock
The 24-hour chart illustrates a support level at 17.54, which if violated will result in even more drops to 17.35. On the upside, there is a resistance level at 17.91. A further resistance level may holdings at 18.10. The Relative Strength Index (RSI) on the 14-day chart is 44.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.54%. Stochastics %K at 46.04% indicates the stock is a holding.
How much short interest is there in ING Groep N.V. ADR?
A steep rise in short interest was recorded in ING Groep N.V. ADR stocks on 2024-09-13, growing by 1.95 million shares to a total of 4.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.53 million shares. There was a rise of 43.52%, which implies that there is a positive sentiment for the stock.
