OLD NATIONAL BANCORP (ONB) Stock Technical Analysis
NASDAQ:ONB - Nasdaq - US6800331075 - Common Stock - Currency: USD
Taking everything into account, ONB scores 1 out of 10 in our technical rating. ONB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month ONB has a been trading in the 20.17 - 23.61 range, which is quite wide. It is currently trading near the lows of this range.
ONB has an average volume of 3600640 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!
When compared to the yearly performance of all other stocks, ONB outperforms 50% of them, which is more or less in line with the market.
ONB is an average performer in the Banks industry, it outperforms 50% of 393 stocks in the same industry.
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.
The technical rating of ONB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.77
23.99
We found 3 important support areas.
- Support @18.96 from a trend line in the weekly time frame.
- Support @18.29 from a horizontal line in the weekly time frame.
- A support zone ranging from 17.95 to 17.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.51 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.92 to 23.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.66 to 23.75. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for ONB is down. |
| ChartMill Relative Strength | 50.37 | 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) | 31.17 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests ONB has a negative trend. |
| Stochastics (14,3) | 6.34 | OVERSOLD | The low Stochastics value suggests ONB may be oversold. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.04 | POSITIVE | The high ADX value value for ONB suggests a strong 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)
20.4
-0.71 (-3.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.36%
1 Week-5.77%
2 Weeks-10.84%
1 Month-10.37%
3 Month-3.95%
6 Month-14.47%
12 Month10.03%
2 Year33.68%
3 Year22.23%
5 Year45.92%
10 Year47.83%
15 Year121.26%
Volatility
ATR(14)0.56
ATR(20)%2.6%
ATR Inc14.08%
Range Today0.79
ADR(20)0.5
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.37
Mansfield-0.88
10 Day High23.2
10 Day Low20.17
20 Day High23.61
20 Day Low20.17
52 Week High24.49
52 Week Low16.83
CS1 End18.96
CR1 Start21.51
Volume & EV
DER(3)-2.36%
DER(5)-1.16%
Volume3.06M
Volume Incr-15.7%
Vol(5)3.17M
Vol(50)3.60M