Old National edges lower to 23.96 amid tweet celebrating U.S. Women Open performance

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Old National down 0.04% today

Highlights

ONB shows bullish momentum with price above key moving averages and strong buy signals dominating technical indicators.
The stock is consolidating near the top of its weekly range at $23.96, just below resistance and after a period of steady gains.
Projected trading range for the week is $23.46–$23.84; probability of a move higher exceeds 80% barring a breakdown below $23.80.

Bullish alignment as price holds above key averages and Kijun support

ONB is trading at $23.96, which is above the MA-20 ($23.80), MA-50 ($23.51), and MA-200 ($22.71), confirming bullish momentum across short-, medium-, and long-term trends. The Ichimoku Kijun on D1 is $23.91, which sits just below the current price and acts as immediate support.

Momentum mixed as intraday buying meets weekly consolidation near resistance

Momentum remains constructive, with MACD on D1 signaling strong buy and ADX at 9.25, indicating a weak but positive trend. RSI (52.66) is in neutral territory but leaning bullish, while Stoch RSI and CCI remain neutral, pointing to mostly balanced conditions. BBP on D1 is positive at 0.29, with a strong buy forecast, highlighting ongoing buyer dominance intraday. The Awesome Oscillator signals a modest sell, creating some divergence with momentum and bullish signals. ONB is trading at $23.96, just below the previous weekly close of $24.01, down 0.21% over the past week. The price is at the very top of the weekly range (near resistance), and weekly volatility stands at 3.70%. This indicates some consolidation after a steady climb from the weekly low.

Upside favored as consensus buy signals outweigh limited downside risk

For the coming week, ONB is expected to trade between $23.46 and $23.84, with the current price anchored near the upper half of its 52-week range ($19.39–$26.16). The probability of a price increase is high (more than 80%) given unanimous buy signals across key W1 indicators, while the likelihood of a decline is very low. Baseline scenario: ONB consolidates within the projected corridor. Bullish scenario: a sustained move above $24.10 could open room toward the annual high. Bearish scenario: a break below $23.80 would expose support at $23.51 and $22.71, near the lower end of projected levels.

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Earlier, analysts noted that Old National exhibited resilient bullish momentum while maintaining strength above key technical support levels. This update adds a new dimension by evaluating how the stock responds to evolving market conditions, with investors advised to watch for sustained price action above current support as a signal for continued upside potential.

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