OLD NATIONAL BANCORP (ONB) Technical Analysis
NASDAQ:ONB • US6800331075
Current stock price
21.51 USD
-0.1 (-0.46%)
At close:
21.39 USD
-0.12 (-0.56%)
After Hours:
ONB Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to ONB. ONB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, ONB is a bad performer in the overall market: 65% of all stocks are doing better.
- ONB is part of the Banks industry. There are 381 other stocks in this industry, of which 73% are performing better than ONB.
- In the last month ONB has a been trading in the 21.23 - 25.40 range, which is quite wide. It is currently trading near the lows of this range.
- ONB has an average volume of 3110210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ONB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ONB is lagging the market slightly.
ONB Weekly and Daily overview Charts
ONB Setup Rating and Analysis
ONB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ONB Support and Resistance Analysis
19.40
24.31
When analyzing the support we can see 3 important areas.
- Support @21.26 from a trend line in the weekly time frame.
- A support zone ranging from 20.42 to 20.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 19.60 to 19.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.17 to 24.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ONB Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for ONB is down. |
| ChartMill Relative Strength | 35.33 | NEUTRAL | ONB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ONB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ONB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.31 | OVERSOLD | The low RSI value suggests ONB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests ONB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.7 | OVERSOLD | The low Stochastics value suggests ONB may be oversold. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.45 | POSITIVE | The high ADX value value for ONB suggests a strong trend. |
ONB Chart- and CandleStick Pattern Analysis
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)
ONB Technicals: Chart, Performance Metrics, Trend & Indicators
21.51
-0.1 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.46%
1 Week-3.59%
2 Weeks-6.88%
1 Month-11.74%
3 Month-6.27%
6 Month-5.08%
12 Month2.62%
2 Year23.55%
3 Year49.17%
5 Year11.22%
10 Year76.46%
15 Year100.65%
Volatility
ATR(14)0.83
ATR(20)%3.71%
ATR Inc-36.73%
Range Today0.49
ADR(20)0.73
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.33
3 months CRS34.28
6 months CRS37.63
Mansfield-0.55
10 Day High23.7
10 Day Low21.23
20 Day High25.4
20 Day Low21.23
52 Week High26.17
52 Week Low16.83
CS1 End21.26
CR1 Start23.17
Volume & EV
DER(3)0.89%
DER(5)1.31%
Volume3.11M
Volume Incr9.36%
Vol(5)3.49M
Vol(50)3.11M
OLD NATIONAL BANCORP / ONB TA FAQ
What is the technical rating for ONB stock?
ChartMill assigns a technical rating of 0 / 10 to ONB.
What is the current trend direction of OLD NATIONAL BANCORP (ONB) stock?
The current trend direction for OLD NATIONAL BANCORP (ONB) is Bearish.
What is the RSI signal for ONB stock?
OLD NATIONAL BANCORP (ONB) has an RSI value of 29.3087. This indicates that the stock is currently oversold.
What is the MACD signal for ONB stock?
The MACD indicator for OLD NATIONAL BANCORP (ONB) has a value of -0.279935, indicating a bearish trend.