OLD SECOND BANCORP INC (OSBC) Stock Technical Analysis
NASDAQ:OSBC - Nasdaq - US6802771005 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to OSBC. In the last year, OSBC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
OSBC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.24, a Stop Loss order could be placed below this zone.
More info and screens
13.24
5 important support areas can be observed.
- Support @18.24 from a horizontal line in the daily time frame.
- A support zone ranging from 17.13 to 17.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.34 to 16.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.74 from a trend line in the weekly time frame.
- Support @13.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.90 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 | 82.07 | POSITIVE | OSBC has a high relative strength, it outperformed 82.07% off all stocks 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) | UP | POSITIVE | The current price of OSBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.29 | NEUTRAL | The RSI value for OSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OSBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.12 | OVERBOUGHT | The high Stochastics value suggests OSBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for OSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.37 | POSITIVE | The high ADX value value for OSBC suggests a strong 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 | 18.23 | 1.18 (6.08%) | 16.45% |
| An entry @19.41. This is a Buy Stop order right above the resistance zone. | An exit @18.23. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 6.08%. | For a 1.00% total portfolio risk, you can invest 16.45% of your capital in this trade. |
- 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.
18.7
-0.31 (-1.63%)