OLD NATIONAL BANCORP (ONB) Stock Technical Analysis
USA - NASDAQ:ONB - US6800331075 - Common Stock
22.13 USD
-0.43 (-1.91%)
22.13 USD
0 (0%)
We assign a technical rating of 4 out of 10 to ONB. ONB has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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.
ONB has an average volume of 3240280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, ONB outperforms 66% of them, which is more or less in line with the market.
ONB is part of the Banks industry. There are 392 other stocks in this industry, ONB did better than 58% of them.
In the last month ONB has a been trading in the 21.59 - 23.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
ONB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 21.45, a Stop Loss order could be placed below this zone.
More info and screens
18.11
23.99
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.40 to 21.45. 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 @19.37 from a trend line in the weekly time frame.
- Support @18.29 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 22.32 to 23.00. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for ONB is neutral. |
| ChartMill Relative Strength | 66.32 | NEUTRAL | ONB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ONB is below 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) | 48.69 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ONB has a negative trend. |
| Stochastics (14,3) | 36.24 | NEUTRAL | The Stochastics value for ONB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.15 | 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)
22.13
-0.43 (-1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.91%
1 Week-2.34%
2 Weeks-3.02%
1 Month3.12%
3 Month7.85%
6 Month4.39%
12 Month16.23%
2 Year52.2%
3 Year34.37%
5 Year76.19%
10 Year58.87%
15 Year110.76%
Volatility
ATR(14)0.6
ATR(20)%2.65%
ATR Inc-5.94%
Range Today0.43
ADR(20)0.56
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.32
Mansfield-0.74
10 Day High23.05
10 Day Low21.6
20 Day High23.32
20 Day Low21.6
52 Week High24.49
52 Week Low16.83
CS1 End21.45
CR1 Start22.32
Volume & EV
DER(3)0.48%
DER(5)0.57%
Volume13.68M
Volume Incr89.9%
Vol(5)5.29M
Vol(50)3.24M