Taking everything into account, ONB scores 6 out of 10 in our technical rating. ONB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ONB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 22.16, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.11
We found 4 important support areas.
- A support zone ranging from 22.04 to 22.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.14 to 21.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.60 to 20.09. 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.
When analyzing the resistance we notice one important area.
- Resistance @23.47 from a horizontal line 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 | 37.51 | NEUTRAL | ONB is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of ONB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.6 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests ONB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.81 | OVERBOUGHT | The high Stochastics value suggests ONB may be overbought. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for ONB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.76 | 22.03 | 0.73 (3.19%) | 25.00% |
| An entry @22.76. This is a Buy Stop order right above the 10 day high. | An exit @22.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.73 points, which is 3.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of ONB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
22.2
-0.23 (-1.03%)
OLD NATIONAL BANCORP / ONB FAQ
What is the technical rating for ONB stock?
ChartMill assigns a technical rating of 6 / 10 to ONB.
Can you provide the trend direction for OLD NATIONAL BANCORP?
The current trend direction for OLD NATIONAL BANCORP (ONB) is Bullish.
What is the RSI signal for ONB stock?
OLD NATIONAL BANCORP (ONB) has an RSI value of 60.6035. This indicates that the stock is currently neutral.
What is the buy/sell signal for OLD NATIONAL BANCORP (ONB) stock?
The buy/sell signal for OLD NATIONAL BANCORP (ONB) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for OLD NATIONAL BANCORP?
OLD NATIONAL BANCORP (ONB) has a support level at 22.16 and a resistance level at 23.47. Check the full technical report for our detailed analysis of ONB support and resistance levels.