OLD SECOND BANCORP INC (OSBC) Stock Technical Analysis
NASDAQ:OSBC • US6802771005
We assign a technical rating of 5 out of 10 to OSBC. In the last year, OSBC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- OSBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OSBC is lagging the market slightly.
- When comparing the performance of all stocks over the past year, OSBC turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- OSBC is part of the Banks industry. There are 379 other stocks in this industry, OSBC did better than 40% of them.
- In the last month OSBC has a been trading in the 18.95 - 21.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, OSBC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.38, a Stop Loss order could be placed below this zone.
More info and screens
15.14
We found 6 important support areas.
- A support zone ranging from 19.97 to 20.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.48 to 19.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.95 from a trend line in the weekly time frame.
- A support zone ranging from 17.10 to 17.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.41 from a horizontal line in the daily time frame.
- Support @15.29 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.65 to 21.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.47 to 21.47. This zone is formed by a combination of multiple trend lines 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 OSBC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OSBC is neutral. |
| ChartMill Relative Strength | 64.88 | NEUTRAL | OSBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OSBC is above a declining 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) | UP | POSITIVE | The current price of OSBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.26 | NEUTRAL | The RSI value for OSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OSBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.64 | NEUTRAL | The Stochastics value for OSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for OSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.39 | NEGATIVE | The low ADX value for OSBC suggests a weak or negative trend. |
20.57
+0.2 (+0.98%)
OLD SECOND BANCORP INC / OSBC FAQ
What is the technical rating for OSBC stock?
ChartMill assigns a technical rating of 5 / 10 to OSBC.
Can you provide the trend direction for OLD SECOND BANCORP INC?
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 52.2612. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OLD SECOND BANCORP INC?
The short term momentum for OLD SECOND BANCORP INC (OSBC) is neutral.
What are the support and resistance levels for OLD SECOND BANCORP INC (OSBC) stock?
OLD SECOND BANCORP INC (OSBC) has a support level at 20.38 and a resistance level at 20.65. Check the full technical report for our detailed analysis of OSBC support and resistance levels.