Taking everything into account, ONB scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ONB was also a bad performer in the overall market in the last year.
The technical rating of ONB is bad and it also does not present a quality setup 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
18.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.81 to 21.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.60 to 20.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.29 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @22.11 from a trend line in the weekly time frame.
- Resistance @23.17 from a horizontal line in the daily time frame.
- Resistance @23.75 from a horizontal line in the daily time frame.
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 | 30.64 | NEUTRAL | ONB is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ONB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ONB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.16 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ONB has a positive trend. |
| Stochastics (14,3) | 89.88 | OVERBOUGHT | The high Stochastics value suggests ONB may be overbought. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.21 | NEGATIVE | The low ADX value for ONB suggests a weak or negative trend. |
21.73
-0.07 (-0.32%)
OLD NATIONAL BANCORP / ONB FAQ
What is the technical rating for ONB stock?
ChartMill assigns a technical rating of 3 / 10 to ONB.
Can you provide the trend direction for OLD NATIONAL BANCORP?
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 60.1598. This indicates that the stock is currently neutral.
What are the support and resistance levels for OLD NATIONAL BANCORP (ONB) stock?
OLD NATIONAL BANCORP (ONB) has a support level at 21.6 and a resistance level at 22.11. Check the full technical report for our detailed analysis of ONB support and resistance levels.