OLD NATIONAL BANCORP (ONB) Stock Technical Analysis
NASDAQ:ONB - US6800331075 - Common Stock
23.02 USD
+0.26 (+1.14%)
23.09 USD
+0.07 (+0.3%)
Overall ONB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ONB is only an average performer.
The long and short term trends are both positive. This is looking good!
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 20.17 - 23.14 range, which is quite wide. It is currently trading near the high of this range.
ONB has an average volume of 3179410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ONB is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ONB is an average performer in the Banks industry, it outperforms 62% of 393 stocks in the same industry.
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. 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
23.99
We found 6 important support areas.
- Support @22.79 from a trend line in the weekly time frame.
- A support zone ranging from 21.46 to 22.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.96 to 20.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.32 to 20.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.19 from a trend line in the weekly time frame.
- Support @18.29 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @23.15 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for ONB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ONB is up. |
| ChartMill Relative Strength | 72.52 | POSITIVE | ONB has a high relative strength, it outperformed 72.52% 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) | 65.16 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests ONB has a positive trend. |
| Stochastics (14,3) | 93.6 | OVERBOUGHT | The high Stochastics value suggests ONB may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.94 | NEUTRAL | The ADX value for ONB suggests a possible start of a new 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)
23.02
+0.26 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.14%
1 Week6.28%
2 Weeks5.5%
1 Month8.38%
3 Month10.35%
6 Month-3.07%
12 Month15.97%
2 Year50.85%
3 Year37.93%
5 Year64.66%
10 Year66.81%
15 Year149.68%
Volatility
ATR(14)0.49
ATR(20)%2.18%
ATR Inc5.93%
Range Today0.61
ADR(20)0.47
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.52
Mansfield-0.1
10 Day High23.15
10 Day Low21.22
20 Day High23.15
20 Day Low20.17
52 Week High24.49
52 Week Low16.83
CS1 End22.79
CR1 Start23.15
Volume & EV
DER(3)-1.02%
DER(5)0.65%
Volume2.64M
Volume Incr14.25%
Vol(5)3.18M
Vol(50)3.18M