Old National Bancorp Technical Analysis (NASDAQ:ONB)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The ONB stock chart pattern can give those who understand technical analysis an indication of which way ONB stock is headed, but cannot predict with 100% certainty as to what can happen to the Old National Bancorp stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, 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 or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.86 is above the price of $16.75.
Old National Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually ONB SMA, and two ONB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Old National Bancorp bollinger bands show that the stock price is $16.75, upper band is 17.26, lower band is 16.47, and the average is 16.87.
Old National Bancorp Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. 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 47.06.