Overall OSBC gets a technical rating of 7 out of 10. Although OSBC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, OSBC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 19.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.71, a Stop Loss order could be placed below this zone.
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15.04
When analyzing the support we can see 6 important areas.
- Support @18.71 from a horizontal line in the weekly time frame.
- A support zone ranging from 17.75 to 18.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.05 to 17.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.71 from a horizontal line in the daily time frame.
- Support @16.41 from a horizontal line in the daily time frame.
- Support @15.19 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.08 to 19.40. 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 | UP | POSITIVE | The long term trend for OSBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OSBC is up. |
| ChartMill Relative Strength | 54.33 | NEUTRAL | OSBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OSBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OSBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OSBC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.67 | NEUTRAL | The RSI value for OSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OSBC has a positive trend. |
| Stochastics (14,3) | 88.11 | OVERBOUGHT | The high Stochastics value suggests OSBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for OSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.27 | NEGATIVE | The low ADX value for OSBC suggests a weak or negative 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 |
|---|---|---|---|
| 19.41 | 18.70 | 0.71 (3.66%) | 25.00% |
| An entry @19.41. This is a Buy Stop order right above the resistance zone. | An exit @18.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 3.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The distance between exit and entry is rather small compared to the average daily movement of OSBC. 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.
18.85
-0.17 (-0.89%)
OLD SECOND BANCORP INC / OSBC FAQ
What is the technical rating for OSBC stock?
ChartMill assigns a technical rating of 7 / 10 to OSBC.
What is the trend direction for OSBC stock?
The current trend direction for OLD SECOND BANCORP INC (OSBC) is Bullish.
What is the RSI signal for OSBC stock?
OLD SECOND BANCORP INC (OSBC) has an RSI value of 59.6682. This indicates that the stock is currently neutral.
What is the MACD signal for OSBC stock?
The MACD indicator for OLD SECOND BANCORP INC (OSBC) has a value of 0.0684564, indicating a bearish trend.
What is the short term momentum for OSBC stock?
The short term momentum for OLD SECOND BANCORP INC (OSBC) is positive.