OLD NATIONAL BANCORP (ONB) Technical Analysis
NASDAQ:ONB • US6800331075
Current stock price
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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ONB is a bad performer in the overall market: 62% of all stocks are doing better.
- ONB is one of the lesser performing stocks in the Banks industry. 79% of 380 stocks in the same industry do better.
- ONB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- ONB has an average volume of 3331860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.39, a Stop Loss order could be placed below this zone.
More info and screens
ONB Support and Resistance Analysis
19.40
3 important support areas can be observed.
- A support zone ranging from 21.27 to 21.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.42 to 20.63. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.44 to 22.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.17 to 23.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for ONB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ONB is down. |
| ChartMill Relative Strength | 38.17 | 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) | DOWN | NEGATIVE | The current price of ONB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.48 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ONB has a positive trend. |
| Stochastics (14,3) | 42.74 | NEUTRAL | The Stochastics value for ONB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 32.39 | POSITIVE | The high ADX value value for ONB suggests a strong trend. |
ONB Chart- and CandleStick Pattern Analysis
ONB Technicals: Chart, Performance Metrics, Trend & Indicators
21.43
-0.3 (-1.38%)
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 34.4777. This indicates that the stock is currently neutral.
What is the MACD signal for ONB stock?
The MACD indicator for OLD NATIONAL BANCORP (ONB) has a value of 0.052046, indicating a bearish trend.
What is the buy/sell signal for ONB stock?
The buy/sell signal for OLD NATIONAL BANCORP (ONB) is sell as both the short term and long term trends are negative.