OLIN CORP (OLN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OLN - US6806652052 - Common Stock
20.7 USD
+0.31 (+1.52%)
20.7 USD
0 (0%)
Taking everything into account, OLN scores 1 out of 10 in our technical rating. OLN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
88% of all other stocks performed better in the past year than OLN.
OLN is part of the Chemicals industry. There are 84 other stocks in this industry, of which 72% are performing better than OLN.
OLN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
OLN has an average volume of 2636080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month OLN has a been trading in the 19.23 - 23.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OLN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
17.78
22.54
3 important support areas can be observed.
- Support @20.62 from a trend line in the daily time frame.
- Support @19.98 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.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.88 to 21.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.82 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for OLN is neutral. |
| ChartMill Relative Strength | 12.41 | NEGATIVE | OLN has a low relative strength, it was outperformed by 87.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OLN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OLN is below 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) | 48.85 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OLN has a negative trend. |
| Stochastics (14,3) | 16.09 | OVERSOLD | The low Stochastics value suggests OLN may be oversold. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for OLN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.38 | NEGATIVE | The low ADX value for OLN suggests a weak or negative trend. |
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)
20.7
+0.31 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.52%
1 Week-3.81%
2 Weeks2.99%
1 Month4.65%
3 Month-13.61%
6 Month1.32%
12 Month-38.7%
2 Year-61.63%
3 Year-60.9%
5 Year-15.72%
10 Year19.93%
15 Year0.88%
Volatility
ATR(14)0.94
ATR(20)%4.44%
ATR Inc-38.65%
Range Today0.77
ADR(20)0.9
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.41
3 months CRS18.62
6 months CRS40.93
Mansfield-1.98
10 Day High23.44
10 Day Low20.05
20 Day High23.44
20 Day Low19.23
52 Week High34.76
52 Week Low17.66
CS1 End20.62
CR1 Start20.88
Volume & EV
DER(3)-1.6%
DER(5)-1.34%
Volume1.58M
Volume Incr-11.92%
Vol(5)2.33M
Vol(50)2.64M
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 48.8486. 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 neutral.