As this happened, Barclays downgraded its ING Groep N.V. ADR [ING] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. Barclays also remained covering ING and has increased its forecast on June 07, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on March 23, 2022. It rated ING as “an Equal weight” which previously was an “an Underweight”.
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Price Performance Review of ING
On Tuesday, ING Groep N.V. ADR [NYSE:ING] saw its stock fall -1.74% to $16.90. Over the last five days, the stock has lost -2.37%. ING Groep N.V. ADR shares have risen nearly 12.52% since the year began. Nevertheless, the stocks have risen 32.55% 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 $17.76, while 200 days put it at $16.52.
Levels Of Support And Resistance For ING Stock
The 24-hour chart illustrates a support level at 16.82, which if violated will result in even more drops to 16.73. On the upside, there is a resistance level at 16.96. A further resistance level may holdings at 17.01. The Relative Strength Index (RSI) on the 14-day chart is 35.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.83%. Stochastics %K at 29.22% 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 2024-09-30, dropping by -0.14 million shares to a total of 4.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.6 million shares. There was a decline of -3.21%, which implies that there is a negative sentiment for the stock.
