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Old National Bancorp’s Banking’s 100-Day Moving Average at 18.27: Will the Stock Break Through?

The market performance of Old National Bancorp has been somewhat stable. Over the past year, the company’s stock achieved a high of $20.43 on 07/31/24, with the lowest value for the same timeframe being $12.36, recorded on 10/24/23.

52-week price history of ONB Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Old National Bancorp’s current trading price is -7.44% away from its 52-week high, while its distance from the 52-week low is 52.99%. The stock’s price range during this period has fluctuated between $12.36 and $20.43. Shares of the company, which operates in the Financial sector, recorded a trading volume of around 2.7 million for the day, which was evidently higher than the average daily volume of 1.92 million over the last three months.

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Financial Performance and Market Capitalization

Old National Bancorp (ONB) has experienced a quarterly decline of -5.12% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.03B and boasts a workforce of 3940 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 18.27, with a change in price of +1.82. Similarly, Old National Bancorp recorded 1,987,312 in trading volume during the last 100 days, posting a change of +10.65%.

ONB Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ONB stands at 0.86. Similarly, the long-term debt-to-equity ratio is also 0.80.

ONB Stock Stochastic Average

Old National Bancorp’s raw stochastic average for the past 50 days is currently at 54.57%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 58.10%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 56.77% and 68.02%, respectively.

ONB Stock Price Performance Analysis

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 11.96%.However, over the last six months, we can see a weaker performance of 13.98%. Over the last 30 days, the price of ONB has fallen by 1.50%. And in the last five days, it has fallen by -3.42%.

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