Technicalspeculator.com Trade-of-the-Week: ING Groep NV (ISG)

By Tech_Spec
21-January-2019 4:07:57 AM
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This week’s trade comes from the global banks financial industry of the NYSE, the life insurance sub-sector.  Several highlights about this company are its forward dividend at 5.92%, the high profit margin (29.20%), the ROE at 9.93% and the stock is at an all-time high, regardless of the current market correction.  Below is the profile and key fundamentals and technicals.

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides mortgage, payment, savings, investment, and secured and unsecured lending products and services. In addition, the company offers specialized lending, corporate finance, and debt and equity markets solutions, as well as working capital, cash management, and trade and treasury services; and financial market, trade finance, overdraft, and foreign exchange transaction services.

Fundamentals:

Trailing P/E: 17.13, EPS: 1.49

P/S: 4.99, P/B: 1.70

Profit margin: 29.20%, Operating margin: 43.18%

Qrtly earnings growth (yoy): 7.20%, Beta: 0.06

Forward dividend yield: 5.92%

Additional fundamental data: https://finance.yahoo.com/quote/ISG?p=ISG

Technicals:

recently broke out of a 6-month consolidation

New 52-week high

New all-time high

Buying momentum (RSI) is positive and rising

Buying volume is neutral

1st support level is at $25.25, the safety stop is at $25.20

The target is $29.25

Suggested buying approach: Buy ISG at the current price level.   If the stock pulls back, As long as the price is above the safety stop, wait for confirmation of support and then add to the position.  Always use a 3% trailing stop.

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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