Why is ONB Down Today?

ONB
$24.10
▼ -2.19% ($-0.53)
Last updated: Oct 01, 2026 3:35 PM ET (994 min ago)

About Old National Bancorp

Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky....

Sector: NATIONAL COMMERCIAL BANKS
Market Cap: $8.54B
Forward P/E: 7.6
52-Week Range: $19.39 - $27.36
Employees: 5,313

Overall Confidence: 65%

65% Confident

Based on news, social sentiment, options activity, and sector analysis

SECTOR 65% Confidence
🎯 NATIONAL COMMERCIAL BANKS sector moving together
This appears to be a sector-wide move. The NATIONAL COMMERCIAL BANKS sector is down 1.4% on average.

✅ Move Confirmation

LOW VOLUME 0.2x average volume

UNCONFIRMED - Low volume suggests this move may not be sustainable.

📍 Sector Context

NATIONAL COMMERCIAL BANKS sector: -1.4%

This appears to be a sector-wide move. Most NATIONAL COMMERCIAL BANKS stocks are moving in the same direction.

Market Comparison

ONB is significantly underperforming the market (-2.4% vs SPY)
S&P 500
SPY
+0.18%
Nasdaq 100
QQQ
+0.31%
ONB
This Stock
-2.19%
vs S&P 500: -2.37%
vs Nasdaq: -2.5%

📊 What Happens Next?

Probability Analysis

45% chance this move continues in the next 1-3 days

Expected Range

Based on historical patterns and options pricing, ONB is expected to trade between:
$23.38 - $24.58

Key Level to Watch

$22.89 support
Watch for breakdown below $24.10

🔔 Get ONB Alerts

We'll notify you when ONB's trend changes or a new signal fires.

Last updated: Oct 01, 2026 3:35 PM (994 minutes ago)
Data refreshes every 30 minutes during market hours

Historical Context

ONB has moved more than 3.0% down on 5 occasions in the past year.

20.0%
Continuation Rate
1/5 times continued down
+1.32%
Avg Next Day Change
After similar down moves
Last similar move: Feb 27, 2026 (-6.2%) → Next day: +1.9%

Frequently Asked Questions

Why is ONB stock down today?

This appears to be a sector-wide move. The NATIONAL COMMERCIAL BANKS sector is down 1.4% on average.

Is ONB stock a buy or sell right now?

Based on current analysis, ONB shows 65% confidence in today's move. Volume is low which does not confirm the trend. View full buy/sell analysis →

What is the ONB stock price target?

ONB is currently trading at $24.10. Based on today's momentum, the expected short-term range is $23.38 - $24.58. See long-term price prediction →

Will ONB stock continue falling?

Our analysis shows a 45% probability that ONB's move continues in the next 1-3 days. Key level to watch: $22.89 (support).

Is ONB stock oversold or overbought?

ONB's RSI (Relative Strength Index) is currently at 42.9. This shows bearish momentum - the stock has negative momentum but isn't oversold yet.

What is the momentum for ONB stock?

ONB's 10-day momentum indicator is at -0.34. Negative momentum - the stock has mild downward pressure which may continue short-term.

Is ONB outperforming or underperforming the market?

ONB (-2.19%) is currently significantly underperforming the market (-2.4% vs SPY). Today, the S&P 500 (SPY) is up 0.18%, and Nasdaq (QQQ) is up 0.31%.

What does MACD indicate for ONB?

ONB's MACD (-0.29) is currently below the signal line (-0.27), indicating a bearish trend. This technical signal suggests selling pressure is dominant. The trend strength (ADX: 30.2) is strong.

Is ONB in an uptrend or downtrend?

Based on moving average analysis, ONB is in a bearish trend. The price ($24.10) is trading below both the 20-day SMA ($25.36) and 50-day SMA ($25.97). This alignment typically indicates sustained downward pressure.

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