OLD NATIONAL BANCORP (ONB) Stock Technical Analysis
USA - NASDAQ:ONB - US6800331075 - Common Stock
We assign a technical rating of 1 out of 10 to ONB. 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.
Although the technical rating is bad, ONB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.68, a Stop Loss order could be placed below this zone.
More info and screens
17.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.48 to 19.68. 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.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.31 to 21.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.38 from a trend line in the weekly time frame.
- Resistance @22.77 from a trend line in the daily time frame.
- A resistance zone ranging from 23.16 to 23.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 53.81 | 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) | 47.33 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ONB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.7 | NEUTRAL | The Stochastics value for ONB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for ONB suggests a weak or negative trend. |
21.05
+0.43 (+2.09%)
OLD NATIONAL BANCORP / ONB FAQ
What is the technical rating for ONB stock?
ChartMill assigns a technical rating of 1 / 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 47.3263. 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 19.68 and a resistance level at 21.31. Check the full technical report for our detailed analysis of ONB support and resistance levels.