OLD NATIONAL BANCORP (ONB) Stock Technical Analysis
NASDAQ:ONB - Nasdaq - US6800331075 - Common Stock - Currency: USD
Overall ONB gets a technical rating of 8 out of 10. Although ONB has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that ONB is one of the better performing stocks in the market, outperforming 82% of all stocks.
ONB is one of the better performing stocks in the Banks industry, it outperforms 71% of 395 stocks in the same industry.
ONB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ONB is lagging the market slightly.
In the last month ONB has a been trading in the 20.19 - 22.52 range, which is quite wide. It is currently trading near the high of this range.
ONB has an average volume of 3373590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ONB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.76
24.69
4 important support areas can be observed.
- A support zone ranging from 20.32 to 21.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.73 from a trend line in the weekly time frame.
- Support @18.29 from a horizontal line in the weekly time frame.
- Support @17.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.31 to 24.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ONB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONB is up. |
| ChartMill Relative Strength | 82.92 | POSITIVE | ONB has a high relative strength, it outperformed 82.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ONB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ONB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ONB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.4 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ONB has a positive trend. |
| Stochastics (14,3) | 87.09 | OVERBOUGHT | The high Stochastics value suggests ONB may be overbought. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for ONB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:ONB (7/3/2025, 10:58:09 AM)
22.93
+0.43 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.91%
1 Week6.89%
2 Weeks10.73%
1 Month6.43%
3 Month25.21%
6 Month4.8%
12 Month33.85%
2 Year32.12%
3 Year29.24%
5 Year60.83%
10 Year56.36%
15 Year113.88%
Volatility
ATR(14)0.51
ATR(20)%2.38%
ATR Inc91.5%
Range Today0.49
ADR(20)0.5
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.92
Mansfield0.08
10 Day High22.53
10 Day Low20.19
20 Day High22.53
20 Day Low20.19
52 Week High24.49
52 Week Low16.5
CS1 End21.2
CR1 Start21.73
Volume & EV
DER(3)1.83%
DER(5)1.94%
Volume546.09K
Volume Incr63.08%
Vol(5)4.18M
Vol(50)3.37M