OLIN CORP (OLN) Technical Analysis
NYSE:OLN • US6806652052
Current stock price
OLN Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to OLN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- OLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OLN is lagging the market slightly.
- OLN has an average volume of 2802890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, OLN did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- OLN is part of the Chemicals industry. There are 82 other stocks in this industry, OLN did better than 66% of them.
- In the last month OLN has a been trading in the 25.75 - 30.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
OLN Weekly and Daily overview Charts
OLN Setup Rating and Analysis
Besides having an excellent technical rating, OLN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 26.39, a Stop Loss order could be placed below this zone.
More info and screens
OLN Support and Resistance Analysis
18.05
We found 5 important support areas.
- A support zone ranging from 26.03 to 26.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.37 to 23.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.34 from a trend line in the weekly time frame.
- Support @21.49 from a trend line in the weekly time frame.
- Support @18.23 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @29.01 from a horizontal line in the weekly time frame.
- Resistance @30.14 from a horizontal line in the daily time frame.
OLN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for OLN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OLN is neutral. |
| ChartMill Relative Strength | 83.52 | POSITIVE | OLN has a high relative strength, it outperformed 83.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OLN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.21 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests OLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.62 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for OLN suggests a weak or negative trend. |
OLN Chart- and CandleStick Pattern Analysis
OLN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.02 | 26.02 | 3.00 (10.34%) | 9.67% |
| An entry @29.02. This is a Buy Stop order right above the resistance zone. | An exit @26.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.00 points, which is 10.34%. | When investing 9.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OLN Technicals: Chart, Performance Metrics, Trend & Indicators
27.38
+0.62 (+2.32%)
OLIN CORP / OLN TA FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 7 / 10 to OLN.
What is the trend direction for OLN stock?
The current trend direction for OLIN CORP (OLN) is Bullish.
What is the RSI signal for OLIN CORP (OLN) stock?
OLIN CORP (OLN) has an RSI value of 51.2115. This indicates that the stock is currently neutral.
What is the MACD signal for OLN stock?
The MACD indicator for OLIN CORP (OLN) has a value of -0.225834, indicating a bearish trend.