OLD NATIONAL BANCORP (ONB) Stock Technical Analysis
NASDAQ:ONB - Nasdaq - US6800331075 - Common Stock - Currency: USD
Overall ONB gets a technical rating of 4 out of 10. Although ONB is scoring some points because its good overall performance in the market in the past year, 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 20.17 - 21.72 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ONB is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by ONB over the past year are nicely spread over this period.
ONB has an average volume of 3417830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ONB is part of the Banks industry. There are 395 other stocks in this industry, ONB did better than 59% of them.
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 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.
More info and screens
17.77
22.80
When analyzing the support we can see 2 important areas.
- Support @18.61 from a trend line in the weekly time frame.
- A support zone ranging from 17.95 to 18.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.80 to 21.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.87 to 22.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.57 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 | 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 | 76.61 | POSITIVE | ONB has a high relative strength, it outperformed 76.61% off all stocks 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) | UP | MIXED | The current price of ONB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ONB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.93 | NEUTRAL | The RSI value for ONB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ONB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.22 | OVERSOLD | The low Stochastics value suggests ONB may be oversold. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ONB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.7 | 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)
20.52
+0.06 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.29%
1 Week-2.1%
2 Weeks0%
1 Month-0.73%
3 Month-3.21%
6 Month-4.56%
12 Month24.51%
2 Year47.2%
3 Year38.74%
5 Year49.13%
10 Year41.91%
15 Year98.07%
Volatility
ATR(14)0.52
ATR(20)%2.62%
ATR Inc-23.18%
Range Today0.28
ADR(20)0.5
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.61
Mansfield-0.36
10 Day High21.72
10 Day Low20.19
20 Day High21.72
20 Day Low20.17
52 Week High24.49
52 Week Low16.3
CS1 End18.61
CR1 Start20.8
Volume & EV
DER(3)-3.81%
DER(5)-1.51%
Volume4.64M
Volume Incr-21.55%
Vol(5)2.86M
Vol(50)3.42M