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ING Groep NV
Buy, Hold or Sell?

Let's analyse Ing together

PenkeI guess you are interested in ING Groep NV. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of ING Groep NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Ing (30 sec.)










What can you expect buying and holding a share of Ing? (30 sec.)

How much money do you get?

How much money do you get?
€3.60
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€14.64
Expected worth in 1 year
€21.35
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
€10.05
Return On Investment
67.2%

For what price can you sell your share?

Current Price per Share
€14.96
Expected price per share
€11.91 - €
How sure are you?
50%

1. Valuation of Ing (5 min.)




Live pricePrice per Share (EOD)

€14.96

Intrinsic Value Per Share

€-99.25 - €29.15

Total Value Per Share

€-84.61 - €43.79

2. Growth of Ing (5 min.)




Is Ing growing?

Current yearPrevious yearGrowGrow %
How rich?$56.4b$54.5b$1.9b3.4%

How much money is Ing making?

Current yearPrevious yearGrowGrow %
Making money$7.8b$3.9b$3.9b49.6%
Net Profit Margin32.3%12,669.0%--

How much money comes from the company's main activities?

3. Financial Health of Ing (5 min.)




What can you expect buying and holding a share of Ing? (5 min.)

Welcome investor! Ing's management wants to use your money to grow the business. In return you get a share of Ing.

What can you expect buying and holding a share of Ing?

First you should know what it really means to hold a share of Ing. And how you can make/lose money.

Speculation

The Price per Share of Ing is €14.96. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Ing.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Ing, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €14.64. Based on the TTM, the Book Value Change Per Share is €1.68 per quarter. Based on the YOY, the Book Value Change Per Share is €-201.57 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.83 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ing.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps2.2114.8%2.2114.8%3.3722.5%1.7911.9%1.429.5%
Usd Book Value Change Per Share1.8212.1%1.8212.1%-218.04-1,457.9%0.291.9%0.181.2%
Usd Dividend Per Share0.906.0%0.906.0%0.865.7%0.644.3%0.614.1%
Usd Total Gains Per Share2.7218.2%2.7218.2%-217.18-1,452.1%0.926.2%0.795.3%
Usd Price Per Share14.65-14.65-12.39-12.08-12.70-
Price to Earnings Ratio6.62-6.62-3.68-8.25-27.97-
Price-to-Total Gains Ratio5.39-5.39--0.06-0.62-4.29-
Price to Book Ratio0.93-0.93-0.88-0.39-0.66-
Price-to-Total Gains Ratio5.39-5.39--0.06-0.62-4.29-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share16.1779052
Number of shares61
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.900.64
Usd Book Value Change Per Share1.820.29
Usd Total Gains Per Share2.720.92
Gains per Quarter (61 shares)165.7256.30
Gains per Year (61 shares)662.86225.19
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
122044365315570215
24398861316310140440
365913301979466210665
487917732642621280890
51098221633057763501115
61318265939689314201340
715383103463110874901565
817573546529412425601790
919773989595713976302015
1021964432662015527002240

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%24.02.00.092.3%
Book Value Change Per Share1.00.00.0100.0%1.02.00.033.3%3.02.00.060.0%7.03.00.070.0%17.09.00.065.4%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%22.00.04.084.6%
Total Gains per Share1.00.00.0100.0%1.02.00.033.3%3.02.00.060.0%7.03.00.070.0%18.08.00.069.2%

Fundamentals of Ing

About ING Groep NV

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

Fundamental data was last updated by Penke on 2024-03-19 16:02:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is unable to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of ING Groep NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ing earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Ing to the Banks - Diversified industry mean.
  • A Net Profit Margin of 32.3% means that €0.32 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ING Groep NV:

  • The MRQ is 32.3%. The company is making a huge profit. +2
  • The TTM is 32.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ32.3%TTM32.3%0.0%
TTM32.3%YOY12,669.0%-12,636.7%
TTM32.3%5Y2,553.5%-2,521.2%
5Y2,553.5%10Y1,287.9%+1,265.6%
1.1.2. Return on Assets

Shows how efficient Ing is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ing to the Banks - Diversified industry mean.
  • 0.7% Return on Assets means that Ing generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ING Groep NV:

  • The MRQ is 0.7%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.7%TTM0.7%0.0%
TTM0.7%YOY0.4%+0.4%
TTM0.7%5Y0.5%+0.3%
5Y0.5%10Y0.5%+0.0%
1.1.3. Return on Equity

Shows how efficient Ing is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ing to the Banks - Diversified industry mean.
  • 14.0% Return on Equity means Ing generated €0.14 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ING Groep NV:

  • The MRQ is 14.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 14.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ14.0%TTM14.0%0.0%
TTM14.0%YOY7.4%+6.6%
TTM14.0%5Y8.9%+5.1%
5Y8.9%10Y8.3%+0.6%

1.2. Operating Efficiency of ING Groep NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ing is operating .

  • Measures how much profit Ing makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Ing to the Banks - Diversified industry mean.
  • An Operating Margin of -4.0% means the company generated €-0.04  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ING Groep NV:

  • The MRQ is -4.0%. The company is operating very inefficient. -2
  • The TTM is -4.0%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-4.0%TTM-4.0%0.0%
TTM-4.0%YOY16,165.5%-16,169.5%
TTM-4.0%5Y3,251.1%-3,255.1%
5Y3,251.1%10Y1,728.9%+1,522.2%
1.2.2. Operating Ratio

Measures how efficient Ing is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of 0.51 means that the operating costs are €0.51 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of ING Groep NV:

  • The MRQ is 0.512. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.512. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.512TTM0.5120.000
TTM0.512YOY160.655-160.143
TTM0.5125Y31.822-31.310
5Y31.82210Y16.194+15.628

1.3. Liquidity of ING Groep NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ing is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 0.25 means the company has €0.25 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of ING Groep NV:

  • The MRQ is 0.254. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.254. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.254TTM0.2540.000
TTM0.254YOY0.270-0.016
TTM0.2545Y0.269-0.015
5Y0.26910Y0.626-0.357
1.3.2. Quick Ratio

Measures if Ing is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ing to the Banks - Diversified industry mean.
  • A Quick Ratio of -0.08 means the company can pay off €-0.08 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ING Groep NV:

  • The MRQ is -0.083. The company is unable to pay all its short-term debts with the most liquid assets. -2
  • The TTM is -0.083. The company is unable to pay all its short-term debts with the most liquid assets. -2
Trends
Current periodCompared to+/- 
MRQ-0.083TTM-0.0830.000
TTM-0.083YOY0.340-0.423
TTM-0.0835Y0.256-0.339
5Y0.25610Y0.167+0.090

1.4. Solvency of ING Groep NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ing assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ing to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.95 means that Ing assets are financed with 94.7% credit (debt) and the remaining percentage (100% - 94.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of ING Groep NV:

  • The MRQ is 0.947. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.947. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.947TTM0.9470.000
TTM0.947YOY0.948-0.001
TTM0.9475Y0.451+0.496
5Y0.45110Y0.696-0.245
1.4.2. Debt to Equity Ratio

Measures if Ing is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ing to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 1,769.5% means that company has €17.70 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ING Groep NV:

  • The MRQ is 17.695. The company is unable to pay all its debts with equity. -1
  • The TTM is 17.695. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ17.695TTM17.6950.000
TTM17.695YOY18.382-0.687
TTM17.6955Y8.487+9.208
5Y8.48710Y12.716-4.229

2. Market Valuation of ING Groep NV

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Ing generates.

  • Above 15 is considered overpriced but always compare Ing to the Banks - Diversified industry mean.
  • A PE ratio of 6.62 means the investor is paying €6.62 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ING Groep NV:

  • The EOD is 7.318. Based on the earnings, the company is cheap. +2
  • The MRQ is 6.625. Based on the earnings, the company is cheap. +2
  • The TTM is 6.625. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD7.318MRQ6.625+0.693
MRQ6.625TTM6.6250.000
TTM6.625YOY3.675+2.950
TTM6.6255Y8.252-1.628
5Y8.25210Y27.974-19.722
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ING Groep NV:

  • The EOD is -4.602. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -4.167. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -4.167. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.602MRQ-4.167-0.436
MRQ-4.167TTM-4.1670.000
TTM-4.167YOY-3.929-0.238
TTM-4.1675Y-1.532-2.635
5Y-1.53210Y0.158-1.690
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Ing is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 0.93 means the investor is paying €0.93 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of ING Groep NV:

  • The EOD is 1.022. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.925. Based on the equity, the company is cheap. +2
  • The TTM is 0.925. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.022MRQ0.925+0.097
MRQ0.925TTM0.9250.000
TTM0.925YOY0.884+0.041
TTM0.9255Y0.391+0.534
5Y0.39110Y0.663-0.271
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of ING Groep NV compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.6791.6790%-201.569+12103%0.265+533%0.163+929%
Book Value Per Share--14.63614.6360%12.957+13%131.297-89%72.268-80%
Current Ratio--0.2540.2540%0.270-6%0.269-6%0.626-60%
Debt To Asset Ratio--0.9470.9470%0.9480%0.451+110%0.696+36%
Debt To Equity Ratio--17.69517.6950%18.382-4%8.487+108%12.716+39%
Dividend Per Share--0.8320.8320%0.795+5%0.588+42%0.564+47%
Eps--2.0442.0440%3.117-34%1.651+24%1.316+55%
Free Cash Flow Per Share---3.250-3.2500%-2.915-10%3.918-183%2.766-217%
Free Cash Flow To Equity Per Share--1.9121.9120%-1.721+190%3.369-43%1.900+1%
Gross Profit Margin--0.9490.9490%0.910+4%0.916+4%0.879+8%
Intrinsic Value_10Y_max--29.149--------
Intrinsic Value_10Y_min---99.250--------
Intrinsic Value_1Y_max--3.711--------
Intrinsic Value_1Y_min---5.065--------
Intrinsic Value_3Y_max--10.549--------
Intrinsic Value_3Y_min---19.536--------
Intrinsic Value_5Y_max--16.660--------
Intrinsic Value_5Y_min---38.627--------
Market Cap49342237917.184+2%48274162000.00048274162000.0000%44564077800.000+8%42571283555.460+13%45139648938.331+7%
Net Profit Margin--0.3230.3230%126.690-100%25.535-99%12.879-97%
Operating Margin---0.040-0.0400%161.655-100%32.511-100%17.289-100%
Operating Ratio--0.5120.5120%160.655-100%31.822-98%16.194-97%
Pb Ratio1.022+9%0.9250.9250%0.884+5%0.391+136%0.663+40%
Pe Ratio7.318+9%6.6256.6250%3.675+80%8.252-20%27.974-76%
Price Per Share14.956+9%13.54013.5400%11.454+18%11.166+21%11.740+15%
Price To Free Cash Flow Ratio-4.602-10%-4.167-4.1670%-3.929-6%-1.532-63%0.158-2739%
Price To Total Gains Ratio5.955+9%5.3915.3910%-0.057+101%0.623+766%4.289+26%
Quick Ratio---0.083-0.0830%0.340-124%0.256-132%0.167-150%
Return On Assets--0.0070.0070%0.004+97%0.005+54%0.005+60%
Return On Equity--0.1400.1400%0.074+90%0.089+58%0.083+68%
Total Gains Per Share--2.5112.5110%-200.774+8094%0.853+194%0.727+245%
Usd Book Value--56445269400.00056445269400.0000%54529578700.000+4%551882690980.000-90%303676782510.000-81%
Usd Book Value Change Per Share--1.8161.8160%-218.037+12103%0.287+533%0.176+929%
Usd Book Value Per Share--15.83215.8320%14.015+13%142.024-89%78.172-80%
Usd Dividend Per Share--0.9000.9000%0.860+5%0.636+42%0.610+47%
Usd Eps--2.2112.2110%3.371-34%1.786+24%1.424+55%
Usd Free Cash Flow---12532576200.000-12532576200.0000%-12269723100.000-2%16774138240.000-175%11760026060.000-207%
Usd Free Cash Flow Per Share---3.515-3.5150%-3.154-10%4.238-183%2.993-217%
Usd Free Cash Flow To Equity Per Share--2.0692.0690%-1.861+190%3.645-43%2.055+1%
Usd Market Cap53373498755.018+2%52218161035.40052218161035.4000%48204962956.260+8%46049357421.941+13%48827558256.593+7%
Usd Price Per Share16.178+9%14.64614.6460%12.390+18%12.078+21%12.699+15%
Usd Profit--7882347900.0007882347900.0000%3974165800.000+98%4976469020.000+58%4568559950.000+73%
Usd Revenue--24420459200.00024420459200.0000%31369300.000+77748%16661641440.000+47%17461450420.000+40%
Usd Total Gains Per Share--2.7172.7170%-217.177+8094%0.923+194%0.787+245%
 EOD+5 -3MRQTTM+0 -0YOY+24 -125Y+20 -1610Y+22 -14

3.2. Fundamental Score

Let's check the fundamental score of ING Groep NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.318
Price to Book Ratio (EOD)Between0-11.022
Net Profit Margin (MRQ)Greater than00.323
Operating Margin (MRQ)Greater than0-0.040
Quick Ratio (MRQ)Greater than1-0.083
Current Ratio (MRQ)Greater than10.254
Debt to Asset Ratio (MRQ)Less than10.947
Debt to Equity Ratio (MRQ)Less than117.695
Return on Equity (MRQ)Greater than0.150.140
Return on Assets (MRQ)Greater than0.050.007
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of ING Groep NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5083.359
Ma 20Greater thanMa 5013.928
Ma 50Greater thanMa 10013.117
Ma 100Greater thanMa 20013.063
OpenGreater thanClose14.978
Total5/5 (100.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Accounts payable  609,259,000-604,382,0004,877,000205,0005,082,000692,349,000697,431,000-765,975,000-68,544,000
Cash and Short Term Investments  85,991,00061,078,000147,069,000-9,265,000137,804,000-19,208,000118,596,000-208,810,000-90,214,000
EBIT  6,736,000-3,004,0003,732,0002,921,0006,653,000-1,965,0004,688,000-5,597,000-909,000
EBITDA  7,525,000-2,964,0004,561,0002,926,0007,487,000-2,088,0005,399,000-5,634,000-235,000
Operating Income  6,736,000-3,004,0003,732,0002,921,0006,653,000-1,965,0004,688,000-4,923,000-235,000



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets975,583,000
Total Liabilities923,401,000
Total Stockholder Equity52,184,000
 As reported
Total Liabilities 923,401,000
Total Stockholder Equity+ 52,184,000
Total Assets = 975,583,000

Assets

Total Assets975,583,000
Total Current Assets150,443,000
Long-term Assets825,140,000
Total Current Assets
Cash And Cash Equivalents 89,892,000
Short-term Investments 40,166,000
Net Receivables 834,000
Inventory 89,380,000
Total Current Assets  (as reported)150,443,000
Total Current Assets  (calculated)220,272,000
+/- 69,829,000
Long-term Assets
Property Plant Equipment 2,399,000
Goodwill 469,000
Long Term Investments 210,975,000
Intangible Assets 1,198,000
Long-term Assets Other 8,708,000
Long-term Assets  (as reported)825,140,000
Long-term Assets  (calculated)223,749,000
+/- 601,391,000

Liabilities & Shareholders' Equity

Total Current Liabilities593,280,000
Long-term Liabilities330,121,000
Total Stockholder Equity52,184,000
Total Current Liabilities
Short-term Debt 68,530,000
Accounts payable -68,544,000
Other Current Liabilities 593,280,000
Total Current Liabilities  (as reported)593,280,000
Total Current Liabilities  (calculated)593,266,000
+/- 14,000
Long-term Liabilities
Long term Debt 148,838,000
Capital Lease Obligations 1,162,000
Long-term Liabilities  (as reported)330,121,000
Long-term Liabilities  (calculated)150,000,000
+/- 180,121,000
Total Stockholder Equity
Common Stock35,000
Retained Earnings 36,852,000
Accumulated Other Comprehensive Income -2,763,000
Other Stockholders Equity 18,060,000
Total Stockholder Equity (as reported)52,184,000
Total Stockholder Equity (calculated)52,184,000
+/-0
Other
Capital Stock35,000
Cash and Short Term Investments -90,214,000
Common Stock Shares Outstanding 3,565,300
Current Deferred Revenue14,000
Liabilities and Stockholders Equity 975,583,000
Net Debt 73,436,000
Net Invested Capital 200,078,000
Net Working Capital -442,837,000
Property Plant and Equipment Gross 6,174,000
Short Long Term Debt Total 163,328,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-31
> Total Assets 
278,392,358
392,703,477
494,260,463
651,974,374
706,347,089
717,017,487
777,411,746
865,561,254
1,157,759,243
1,226,307,000
1,312,510,000
1,331,663,000
1,159,972,000
1,242,844,000
1,273,580,000
1,162,128,000
1,076,602,000
987,706,000
841,769,000
845,081,000
846,216,000
887,030,000
891,744,000
937,379,000
951,290,000
967,817,000
975,583,000
975,583,000967,817,000951,290,000937,379,000891,744,000887,030,000846,216,000845,081,000841,769,000987,706,0001,076,602,0001,162,128,0001,273,580,0001,242,844,0001,159,972,0001,331,663,0001,312,510,0001,226,307,0001,157,759,243865,561,254777,411,746717,017,487706,347,089651,974,374494,260,463392,703,477278,392,358
   > Total Current Assets 
0
0
0
0
0
0
0
0
667,118,882
730,854,000
828,682,000
928,124,000
797,526,000
835,754,000
905,747,000
831,179,000
856,327,000
845,447,000
712,185,000
727,743,000
739,899,000
788,671,000
87,049,000
148,251,000
139,156,000
119,862,000
150,443,000
150,443,000119,862,000139,156,000148,251,00087,049,000788,671,000739,899,000727,743,000712,185,000845,447,000856,327,000831,179,000905,747,000835,754,000797,526,000928,124,000828,682,000730,854,000667,118,88200000000
       Cash And Cash Equivalents 
2,411,452
2,324,692
4,992,801
44,254,853
9,280,125
57,154,376
72,671,214
66,058,506
13,073,296
14,326,000
12,406,000
22,045,000
15,390,000
13,072,000
31,194,000
17,657,000
13,316,000
12,233,000
21,458,000
10,616,000
15,949,000
53,230,000
53,202,000
112,230,000
108,007,000
87,251,000
89,892,000
89,892,00087,251,000108,007,000112,230,00053,202,00053,230,00015,949,00010,616,00021,458,00012,233,00013,316,00017,657,00031,194,00013,072,00015,390,00022,045,00012,406,00014,326,00013,073,29666,058,50672,671,21457,154,3769,280,12544,254,8534,992,8012,324,6922,411,452
       Short-term Investments 
0
0
0
0
0
0
0
0
0
26,351,000
26,079,000
30,904,000
27,781,000
25,016,000
24,776,000
29,031,000
19,283,000
12,365,000
10,603,000
14,816,000
9,737,000
28,844,000
32,789,000
34,839,000
29,797,000
30,982,000
40,166,000
40,166,00030,982,00029,797,00034,839,00032,789,00028,844,0009,737,00014,816,00010,603,00012,365,00019,283,00029,031,00024,776,00025,016,00027,781,00030,904,00026,079,00026,351,000000000000
       Net Receivables 
8,887,537
9,096,774
11,264,610
23,639,357
21,041,843
20,275,390
18,279,365
16,883,282
21,226,798
21,029,000
23,555,000
26,373,000
23,764,000
21,810,000
19,100,000
16,219,000
12,181,000
7,692,000
7,267,000
6,874,000
5,670,000
1,036,000
1,058,000
1,182,000
1,352,000
1,266,000
834,000
834,0001,266,0001,352,0001,182,0001,058,0001,036,0005,670,0006,874,0007,267,0007,692,00012,181,00016,219,00019,100,00021,810,00023,764,00026,373,00023,555,00021,029,00021,226,79816,883,28218,279,36520,275,39021,041,84323,639,35711,264,6109,096,7748,887,537
       Other Current Assets 
0
0
0
0
0
0
0
0
632,818,788
669,148,000
766,642,000
848,802,000
730,591,000
775,856,000
830,677,000
768,272,000
811,547,000
813,157,000
672,857,000
695,437,000
708,543,000
714,920,000
709,110,000
163,715,000
159,300,000
145,784,000
150,443,000
150,443,000145,784,000159,300,000163,715,000709,110,000714,920,000708,543,000695,437,000672,857,000813,157,000811,547,000768,272,000830,677,000775,856,000730,591,000848,802,000766,642,000669,148,000632,818,78800000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
490,640,361
495,453,000
483,828,000
403,539,000
362,446,000
407,090,000
367,833,000
330,949,000
220,275,000
142,259,000
129,584,000
117,338,000
106,317,000
98,359,000
179,705,000
108,690,000
113,077,000
194,063,000
825,140,000
825,140,000194,063,000113,077,000108,690,000179,705,00098,359,000106,317,000117,338,000129,584,000142,259,000220,275,000330,949,000367,833,000407,090,000362,446,000403,539,000483,828,000495,453,000490,640,36100000000
       Property Plant Equipment 
2,418,179
9,602,145
3,587,582
2,134,804
2,035,401
1,416,113
1,308,561
1,251,105
5,752,284
6,031,000
6,237,000
6,396,000
6,119,000
6,132,000
2,886,000
2,674,000
2,446,000
2,100,000
2,027,000
2,002,000
1,801,000
1,659,000
3,172,000
2,841,000
2,515,000
2,446,000
2,399,000
2,399,0002,446,0002,515,0002,841,0003,172,0001,659,0001,801,0002,002,0002,027,0002,100,0002,446,0002,674,0002,886,0006,132,0006,119,0006,396,0006,237,0006,031,0005,752,2841,251,1051,308,5611,416,1132,035,4012,134,8043,587,5829,602,1452,418,179
       Goodwill 
0
0
0
0
0
0
0
0
0
305,000
2,245,000
3,070,000
3,071,000
2,765,000
1,794,000
1,966,000
1,137,000
1,061,000
985,000
903,000
816,000
918,000
907,000
533,000
472,000
464,000
469,000
469,000464,000472,000533,000907,000918,000816,000903,000985,0001,061,0001,137,0001,966,0001,794,0002,765,0003,071,0003,070,0002,245,000305,000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
101,350,000
96,875,000
212,407,000
201,151,000
195,145,000
176,296,000
142,816,000
180,123,000
103,029,000
210,975,000
210,975,000103,029,000180,123,000142,816,000176,296,000195,145,000201,151,000212,407,00096,875,000101,350,00000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
3,217,000
3,495,000
3,845,000
2,950,000
2,607,000
1,764,000
673,000
704,000
594,000
582,000
581,000
653,000
921,000
1,010,000
860,000
684,000
637,000
1,198,000
1,198,000637,000684,000860,0001,010,000921,000653,000581,000582,000594,000704,000673,0001,764,0002,607,0002,950,0003,845,0003,495,0003,217,000000000000
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
216,333,000
205,324,000
199,039,000
176,809,000
189,872,000
180,910,000
0
0
00180,910,000189,872,000176,809,000199,039,000205,324,000216,333,0000000000000000000000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-179,705,000
-773,000
-957,000
85,691,000
8,708,000
8,708,00085,691,000-957,000-773,000-179,705,0000000000000000000000000
> Total Liabilities 
257,513,106
363,171,939
458,129,240
622,913,360
680,786,004
694,637,939
752,611,013
836,222,245
1,119,362,557
1,185,092,000
1,272,979,000
1,302,735,000
1,122,936,000
1,198,745,000
1,227,351,000
1,109,286,000
1,026,749,000
933,025,000
793,299,000
794,682,000
795,095,000
835,295,000
135,820,000
79,553,000
116,636,000
917,406,000
923,401,000
923,401,000917,406,000116,636,00079,553,000135,820,000835,295,000795,095,000794,682,000793,299,000933,025,0001,026,749,0001,109,286,0001,227,351,0001,198,745,0001,122,936,0001,302,735,0001,272,979,0001,185,092,0001,119,362,557836,222,245752,611,013694,637,939680,786,004622,913,360458,129,240363,171,939257,513,106
   > Total Current Liabilities 
0
0
0
0
0
13,945,763
15,093,716
16,512,967
42,917,966
40,433,317
41,104,781
91,565,813
0
0
0
0
0
945,358,000
849,296,000
689,825,000
702,302,000
732,591,000
731,701,000
416,598,000
401,101,000
444,094,000
593,280,000
593,280,000444,094,000401,101,000416,598,000731,701,000732,591,000702,302,000689,825,000849,296,000945,358,0000000091,565,81341,104,78140,433,31742,917,96616,512,96715,093,71613,945,76300000
       Short-term Debt 
0
0
0
0
0
6,627,906
8,854,229
10,015,481
32,227,313
29,639,317
27,100,781
73,749,813
0
0
0
193,584,000
137,897,000
96,626,000
87,000,000
82,912,000
69,730,000
31,223,000
34,468,000
39,628,000
51,091,000
83,013,000
68,530,000
68,530,00083,013,00051,091,00039,628,00034,468,00031,223,00069,730,00082,912,00087,000,00096,626,000137,897,000193,584,00000073,749,81327,100,78129,639,31732,227,31310,015,4818,854,2296,627,90600000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,550,000
51,549,000
42,278,000
44,387,000
55,310,000
51,809,000
0
0
0
0
000051,809,00055,310,00044,387,00042,278,00051,549,000150,550,00000000000000000000
       Accounts payable 
4,102,723
0
8,429,327
10,833,730
0
7,317,857
6,239,488
6,497,485
10,690,653
10,794,000
13,720,000
17,641,000
16,989,000
13,331,000
11,770,000
10,619,000
7,880,000
5,742,000
5,156,000
4,394,000
3,606,000
61,000
609,259,000
4,877,000
5,082,000
697,431,000
-68,544,000
-68,544,000697,431,0005,082,0004,877,000609,259,00061,0003,606,0004,394,0005,156,0005,742,0007,880,00010,619,00011,770,00013,331,00016,989,00017,641,00013,720,00010,794,00010,690,6536,497,4856,239,4887,317,857010,833,7308,429,32704,102,723
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
239,647,000
48,494,000
44,420,000
48,433,000
10,508,000
7,416,000
372,078,000
344,909,000
361,051,000
593,280,000
593,280,000361,051,000344,909,000372,078,0007,416,00010,508,00048,433,00044,420,00048,494,000239,647,00000000000000000000
   > Long-term Liabilities 
36,975,508
35,979,950
85,450,039
123,263,885
135,180,523
92,139,810
129,913,630
116,819,742
119,518,835
125,741,000
124,999,000
164,642,000
177,032,000
197,436,000
192,237,000
190,528,000
168,517,000
163,434,000
155,414,000
136,819,000
127,456,000
148,007,000
135,820,000
79,553,000
116,636,000
917,406,000
330,121,000
330,121,000917,406,000116,636,00079,553,000135,820,000148,007,000127,456,000136,819,000155,414,000163,434,000168,517,000190,528,000192,237,000197,436,000177,032,000164,642,000124,999,000125,741,000119,518,835116,819,742129,913,63092,139,810135,180,523123,263,88585,450,03935,979,95036,975,508
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
67,667,000
78,166,000
84,814,000
71,970,000
108,499,000
0
0
00108,499,00071,970,00084,814,00078,166,00067,667,00000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,282,000
9,022,000
15,381,000
15,241,000
15,466,000
12,484,000
11,211,000
12,683,000
15,476,000
0
015,476,00012,683,00011,211,00012,484,00015,466,00015,241,00015,381,0009,022,00029,282,00000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
640,000
658,000
435,000
0
0
0
0
0
0
000000435,000658,000640,000000000000000000000
> Total Stockholder Equity
20,879,252
29,531,538
36,131,223
29,061,014
25,561,085
20,418,335
23,073,718
27,128,920
38,396,686
38,266,000
37,208,000
17,334,000
31,121,000
38,370,000
42,452,000
49,511,000
42,440,000
46,634,000
47,832,000
49,793,000
50,406,000
50,932,000
53,770,000
47,674,000
53,920,000
49,907,000
52,184,000
52,184,00049,907,00053,920,00047,674,00053,770,00050,932,00050,406,00049,793,00047,832,00046,634,00042,440,00049,511,00042,452,00038,370,00031,121,00017,334,00037,208,00038,266,00038,396,68627,128,92023,073,71820,418,33525,561,08529,061,01436,131,22329,531,53820,879,252
   Common Stock
0
0
539,628
0
0
0
0
0
0
530,000
534,000
495,000
919,000
919,000
919,000
919,000
921,000
925,000
928,000
39,000
39,000
39,000
17,117,000
525,000
39,000
37,000
35,000
35,00037,00039,000525,00017,117,00039,00039,00039,000928,000925,000921,000919,000919,000919,000919,000495,000534,000530,000000000539,62800
   Retained Earnings Total Equity000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
822,413
-687,630
-537,769
1,391,423
29,388,000
27,935,000
7,657,000
14,168,000
21,417,000
25,499,000
32,558,000
25,481,000
29,663,000
30,850,000
5,905,000
4,377,000
3,596,000
811,000
2,334,000
1,070,000
-985,000
-2,763,000
-2,763,000-985,0001,070,0002,334,000811,0003,596,0004,377,0005,905,00030,850,00029,663,00025,481,00032,558,00025,499,00021,417,00014,168,0007,657,00027,935,00029,388,0001,391,423-537,769-687,630822,41300000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16,950,000
17,006,000
17,049,000
17,078,000
17,089,000
17,105,000
0
0
0017,105,00017,089,00017,078,00017,049,00017,006,00016,950,0000000000000000000000
   Treasury Stock00-1,612,000-4,000-10,000-11,000-15,000-8,0000000000000000000000
   Other Stockholders Equity 
20,879,252
29,531,538
28,035,810
9,850,974
3,003,088
0
0
0
0
8,132,816
8,717,738
9,182,000
16,034,000
16,034,000
16,034,000
16,034,000
16,038,000
-7,678,000
-10,770,000
16,942,000
16,991,000
17,039,000
-10,000
16,542,000
15,493,000
15,911,000
18,060,000
18,060,00015,911,00015,493,00016,542,000-10,00017,039,00016,991,00016,942,000-10,770,000-7,678,00016,038,00016,034,00016,034,00016,034,00016,034,0009,182,0008,717,7388,132,81600003,003,0889,850,97428,035,81029,531,53820,879,252



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue22,576,000
Cost of Revenue-0
Gross Profit22,576,00022,576,000
 
Operating Income (+$)
Gross Profit22,576,000
Operating Expense-11,564,000
Operating Income-235,00011,012,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative7,334,000
Selling And Marketing Expenses369,000
Operating Expense11,564,0007,703,000
 
Net Interest Income (+$)
Interest Income52,228,000
Interest Expense-36,252,000
Other Finance Cost-0
Net Interest Income15,976,000
 
Pretax Income (+$)
Operating Income-235,000
Net Interest Income15,976,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)10,492,000-10,727,000
EBIT - interestExpense = -37,161,000
10,257,000
43,539,000
Interest Expense36,252,000
Earnings Before Interest and Taxes (EBIT)-909,00046,744,000
Earnings Before Interest and Taxes (EBITDA)-235,000
 
After tax Income (+$)
Income Before Tax10,492,000
Tax Provision-2,970,000
Net Income From Continuing Ops7,522,0007,522,000
Net Income7,287,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses12,084,000
Total Other Income/Expenses Net10,492,000-15,976,000
 

Technical Analysis of Ing
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Ing. The general trend of Ing is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ing's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of ING Groep NV.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 13.82 > 13.36 > 11.91.

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ING Groep NV Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of ING Groep NV. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

ING Groep NV Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of ING Groep NV. The current macd is 0.53743036.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Ing price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ing. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ing price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
ING Groep NV Daily Moving Average Convergence/Divergence (MACD) ChartING Groep NV Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of ING Groep NV. The current adx is 46.73.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Ing shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
ING Groep NV Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of ING Groep NV. The current sar is 14.49.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
ING Groep NV Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of ING Groep NV. The current rsi is 83.36. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
ING Groep NV Daily Relative Strength Index (RSI) ChartING Groep NV Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of ING Groep NV. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ing price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
ING Groep NV Daily Stochastic Oscillator ChartING Groep NV Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of ING Groep NV. The current cci is 114.21.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
ING Groep NV Daily Commodity Channel Index (CCI) ChartING Groep NV Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of ING Groep NV. The current cmo is 75.36.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
ING Groep NV Daily Chande Momentum Oscillator (CMO) ChartING Groep NV Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of ING Groep NV. The current willr is -5.54899646.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
ING Groep NV Daily Williams %R ChartING Groep NV Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of ING Groep NV.

ING Groep NV Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of ING Groep NV. The current atr is 0.19929262.

ING Groep NV Daily Average True Range (ATR) ChartING Groep NV Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of ING Groep NV. The current obv is 3,853,981.

ING Groep NV Daily On-Balance Volume (OBV) ChartING Groep NV Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of ING Groep NV. The current mfi is 91.85.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
ING Groep NV Daily Money Flow Index (MFI) ChartING Groep NV Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for ING Groep NV.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-24CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-31DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-09RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-19CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

ING Groep NV Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of ING Groep NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5083.359
Ma 20Greater thanMa 5013.928
Ma 50Greater thanMa 10013.117
Ma 100Greater thanMa 20013.063
OpenGreater thanClose14.978
Total5/5 (100.0%)
Penke

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