Old National Bancorp Stock Technical Analysis

ONB Stock  USD 21.65  0.49  2.32%   
As of the 25th of November, Old National holds the Risk Adjusted Performance of 0.0884, coefficient of variation of 941.12, and Semi Deviation of 1.31. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Old National, as well as the relationship between them.

Old National Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Old, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Old
  
Old National's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Old National Analyst Consensus

Target PriceAdvice# of Analysts
18.21Buy9Odds
Old National Bancorp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Old analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Old stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Old National Bancorp, talking to its executives and customers, or listening to Old conference calls.
Old Analyst Advice Details
Old National technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Old National technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Old National trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Old National Bancorp Technical Analysis

Indicator
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Old National Bancorp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Old National Bancorp Trend Analysis

Use this graph to draw trend lines for Old National Bancorp. You can use it to identify possible trend reversals for Old National as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Old National price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Old National Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Old National Bancorp applied against its price change over selected period. The best fit line has a slop of   0.05  , which may imply that Old National Bancorp will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 99.15, which is the sum of squared deviations for the predicted Old National price change compared to its average price change.

About Old National Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Old National Bancorp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Old National Bancorp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Old National Bancorp price pattern first instead of the macroeconomic environment surrounding Old National Bancorp. By analyzing Old National's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Old National's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Old National specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0310.03590.03670.0242
Price To Sales Ratio3.692.862.793.86

Old National November 25, 2024 Technical Indicators

Most technical analysis of Old help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Old from various momentum indicators to cycle indicators. When you analyze Old charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Complementary Tools for Old Stock analysis

When running Old National's price analysis, check to measure Old National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old National is operating at the current time. Most of Old National's value examination focuses on studying past and present price action to predict the probability of Old National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old National's price. Additionally, you may evaluate how the addition of Old National to your portfolios can decrease your overall portfolio volatility.
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