OLIN CORP (OLN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OLN - US6806652052 - Common Stock
Taking everything into account, OLN scores 1 out of 10 in our technical rating. OLN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OLN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.90, a Stop Loss order could be placed below this zone.
More info and screens
17.78
When analyzing the support we can see 3 important areas.
- A support zone ranging from 20.63 to 20.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.07 from a trend line in the weekly time frame.
- A support zone ranging from 17.96 to 18.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.31 to 21.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.18 to 22.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for OLN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLN is up. |
| ChartMill Relative Strength | 13.34 | NEGATIVE | OLN has a low relative strength, it was outperformed by 86.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OLN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OLN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OLN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.33 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OLN has a positive trend. |
| Stochastics (14,3) | 27.11 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for OLN suggests some volalility. |
| Average Directional Index/ADX (14) | 11.68 | NEGATIVE | The low ADX value for OLN suggests a weak or negative trend. |
20.96
-0.06 (-0.29%)
OLIN CORP / OLN FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 1 / 10 to OLN.
Can you provide the trend direction for OLIN CORP?
The current trend direction for OLIN CORP (OLN) is Bearish.
What is the RSI signal for OLN stock?
OLIN CORP (OLN) has an RSI value of 51.3319. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OLIN CORP?
The short term momentum for OLIN CORP (OLN) is positive.
What is the buy/sell signal for OLN stock?
The buy/sell signal for OLIN CORP (OLN) is hold as the short term and long term trends are mixed.