OLD NATIONAL BANCORP (ONB)

US6800331075 - Common Stock

13.31  +0.68 (+5.38%)

Technical Rating

1

Taking everything into account, ONB scores 1 out of 10 in our technical rating. ONB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



In the last month ONB has a been trading in the 11.66 - 13.39 range, which is quite wide. It is currently trading near the high of this range.
ONB has an average volume of 2163150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ONB is an average performer in the Banks industry, it outperforms 48% of 372 stocks in the same industry.
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: 78% of all stocks are doing better.
ONB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Statistics

1 Month 3 Months 6 Months 12 Months 0.40% -27.29% -33.60% -20.27% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 22.06 11.66 - 20.19
ONB Weekly chart
ONB Daily chart

Support/Resistance Analysis


11.97

20.22
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 13.18 to 13.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 12.60 to 12.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 12.09 to 12.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • Resistance @16.34 from a trend line in the daily time frame.
  • Resistance @17.54 from a horizontal line in the daily time frame.
  • Resistance @20.02 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of ONB is bad and it also does not present a quality setup 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.


ONB Daily chart

OLD NATIONAL BANCORP

NASDAQ:ONB (6/2/2023, 1:09:59 PM)

13.31

+0.68 (+5.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg5.38%
1 Week-2.55%
2 Weeks-3.29%
1 Month0.4%
3 Month-27.29%
6 Month-33.6%
12 Month-20.27%
Volatility
ATR(14)0.45
ATR(20)%3.97%
ATR Inc31.11%
Range Today0.59
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.06
Mansfield-2.79
10 Day High13.39
10 Day Low12.21
20 Day High13.39
20 Day Low11.66
52 Week High20.19
52 Week Low11.66
CS1 End12.2
CR1 Start12.72
Volume & EV
DER(3)-1.89%
DER(5)-1.49%
Volume916.61K
Volume Incr-8.97%
Vol(5)2.17M
Vol(50)2.16M
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