A Bullish 2024 Outlook For ING Groep N.V. ADR (NYSE: ING) Shares

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ING Groep N.V. ADR (NYSE:ING) shares, rose in value on Friday, April 26, with the stock price up by 0.99% to the previous day’s close as strong demand from buyers drove the stock to $15.88.

Actively observing the price movement in the recent trading, the stock is buoying the session at $15.72. Referring to stock’s 52-week performance, its high was $17.18, and the low was $11.78. On the whole, ING has fluctuated by -2.37% over the past month.

The company’s Forward Dividend Ratio is 1.20, with its dividend yield at 7.57%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ING’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ING currently trading nearly -3.04% and 3.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.44, while the 7-day volatility ratio is showing 1.12% which for the 30-day chart, stands at 1.33%. Furthermore, ING Groep N.V. ADR (ING)’s beta value is 1.59, and its average true range (ATR) is 0.34.

A comparison of ING Groep N.V. ADR (ING) with its peers suggests the former has fared considerably weaker in the market. ING showed an intraday change of 0.99% in today’s session so far, and over the past year, it grew by 29.59%%.

Data on historical trading for ING Groep N.V. ADR (NYSE:ING) indicates that the trading volumes over the past 3 months, they’ve averaged 3.22 million. According to company’s latest data on outstanding shares, there are 3.34 billion shares outstanding.

Nearly 0.00% of ING Groep N.V. ADR’s shares belong to company insiders and institutional investors own 5.31% of the company’s shares. The stock has risen by 5.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ING stock heading into the next quarter.

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