OLIN CORP (OLN) Technical Analysis
NYSE:OLN • US6806652052
Current stock price
23.77 USD
-1.83 (-7.15%)
At close:
24.55 USD
+0.78 (+3.28%)
After Hours:
OLN Technical Rating and Analysis
Taking everything into account, OLN scores 5 out of 10 in our technical rating. In the last year, OLN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- OLN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OLN is performing more or less in line with the market.
- OLN has an average volume of 3413220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, OLN turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- OLN is an average performer in the Chemicals industry, it outperforms 59% of 83 stocks in the same industry.
- In the last month OLN has a been trading in the 22.53 - 26.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OLN Weekly and Daily overview Charts
OLN Setup Rating and Analysis
Although the technical rating is only medium, OLN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
OLN Support and Resistance Analysis
20.11
27.20
We found 5 important support areas.
- A support zone ranging from 23.50 to 23.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.51 from a trend line in the daily time frame.
- Support @21.48 from a trend line in the daily time frame.
- A support zone ranging from 20.81 to 20.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.31 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 24.13 to 24.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.38 to 26.38. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 26.93 to 26.93. This zone is formed by a combination of multiple trend lines 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 | 67.06 | NEUTRAL | OLN is not amongst the best or worst performers 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 | MIXED | The current price of OLN is below 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) | 46.72 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests OLN has a negative trend. |
| Stochastics (14,3) | 64 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.64 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.85 | NEGATIVE | The low ADX value for OLN suggests a weak or negative trend. |
OLN Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OLN Technicals: Chart, Performance Metrics, Trend & Indicators
23.77
-1.83 (-7.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-7.15%
1 Week-3.88%
2 Weeks1.71%
1 Month-2.34%
3 Month16.58%
6 Month-1.57%
12 Month-4.88%
2 Year-59.57%
3 Year-57.17%
5 Year-37.4%
10 Year36.85%
15 Year3.71%
Volatility
ATR(14)1.72
ATR(20)%6.64%
ATR Inc24.04%
Range Today2.72
ADR(20)1.49
ADR(20)%6.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.06
3 months CRS90.87
6 months CRS54.64
Mansfield0.58
10 Day High26.74
10 Day Low22.53
20 Day High26.74
20 Day Low22.53
52 Week High27.35
52 Week Low17.66
CS1 End23.65
CR1 Start24.13
Volume & EV
DER(3)-0.06%
DER(5)-0.08%
Volume3.91M
Volume Incr-10.57%
Vol(5)2.81M
Vol(50)3.41M
OLIN CORP / OLN TA FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 5 / 10 to OLN.
What is the current trend direction of OLIN CORP (OLN) stock?
The current trend direction for OLIN CORP (OLN) is Bullish.
What is the RSI signal for OLN stock?
OLIN CORP (OLN) has an RSI value of 46.7242. This indicates that the stock is currently neutral.
What is the short term momentum for OLIN CORP (OLN) stock?
The short term momentum for OLIN CORP (OLN) is neutral.
Can you provide the support and resistance levels for OLIN CORP?
OLIN CORP (OLN) has a support level at 23.65 and a resistance level at 24.13. Check the full technical report for our detailed analysis of OLN support and resistance levels.