Old National Bancorp Technical Analysis (NASDAQ:ONB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. When a chart pattern that can predict future Old National Bancorp stock price movements is formed, the ONB stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Old National Bancorp. Technical analysis uses an approach for Old National Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
Old National Bancorp Moving Average:
Moving averages show the ONB stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The 20 day moving average of $5.58 is above the last closing price of $14.25 and the 50 day moving average of $5.49 is below the $14.25 price. The 10 and 20 day periods can predict short term moving average trends.
Old National Bancorp Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ONB stock. Currently the stock price of $14.25 is in the upper range of Old National Bancorp bollinger bands.
Old National Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Old National Bancorp MACD indicator is below 0 indicating a bearish trend.
Old National Bancorp Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of ONB stock is 35.19. .