We assign a technical rating of 7 out of 10 to OSBC. 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.
OSBC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 19.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.25
When analyzing the support we can see 5 important areas.
- A support zone ranging from 19.21 to 19.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.35 from a trend line in the weekly time frame.
- A support zone ranging from 17.65 to 17.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.05 to 17.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @16.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.53 to 20.85. 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 | 73.12 | POSITIVE | OSBC has a high relative strength, it outperformed 73.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OSBC is below 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) | 50.06 | NEUTRAL | The RSI value for OSBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests OSBC has a negative trend. |
| Stochastics (14,3) | 41.81 | NEUTRAL | The Stochastics value for OSBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for OSBC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.3 | 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 |
|---|---|---|---|
| 19.80 | 19.20 | 0.60 (3.03%) | 25.00% |
| An entry @19.80. This is a Buy Stop order right above the 10 day moving average. | An exit @19.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.60 points, which is 3.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
19.78
-0.49 (-2.42%)
OLD SECOND BANCORP INC / OSBC FAQ
What is the technical rating for OSBC stock?
ChartMill assigns a technical rating of 7 / 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 50.0646. 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 positive.
What are the support and resistance levels for OLD SECOND BANCORP INC (OSBC) stock?
OLD SECOND BANCORP INC (OSBC) has a support level at 19.48 and a resistance level at 20.53. Check the full technical report for our detailed analysis of OSBC support and resistance levels.