Following these proceedings, Morgan Stanley 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 Barclays’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “an Equal weight”. Deutsche Bank also remained covering ING and has decreased its forecast on October 09, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on June 07, 2024. It rated ING as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of ING
On Friday, ING Groep N.V. ADR [NYSE:ING] saw its stock fall -1.31% to $16.57. Over the last five days, the stock has lost -1.07%. ING Groep N.V. ADR shares have risen nearly 6.88% since the year began. Nevertheless, the stocks have risen 17.61% over the past one year. While a 52-week high of $18.52 was reached on 01/27/25, a 52-week low of $12.64 was recorded on 01/02/25. SMA at 50 days reached $15.83, while 200 days put it at $16.98.
Levels Of Support And Resistance For ING Stock
The 24-hour chart illustrates a support level at 16.49, which if violated will result in even more drops to 16.40. On the upside, there is a resistance level at 16.71. A further resistance level may holdings at 16.84. The Relative Strength Index (RSI) on the 14-day chart is 58.23, 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 bullish at 28.22%. Stochastics %K at 83.59% indicates the stock is a selling.
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 2025-01-15, growing by 1.2 million shares to a total of 2.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.2 million shares. There was a rise of 50.06%, which implies that there is a positive sentiment for the stock.
