OLIN CORP (OLN) Stock Technical Analysis
NYSE:OLN • US6806652052
We assign a technical rating of 7 out of 10 to OLN. OLN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- 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.
- In the last month OLN has a been trading in the 19.71 - 27.35 range, which is quite wide. It is currently trading near the high of this range.
- OLN has an average volume of 3021910 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 47% of 83 stocks in the same industry.
OLN has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.05
When analyzing the support we can see 3 important areas.
- Support @21.31 from a trend line in the daily time frame.
- A support zone ranging from 20.31 to 20.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @26.38 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for OLN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLN is up. |
| ChartMill Relative Strength | 67.83 | NEUTRAL | OLN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OLN is above the rising 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) | 60.14 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests OLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.11 | OVERBOUGHT | The high Stochastics value suggests OLN may be overbought. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.11 | NEUTRAL | The ADX value for OLN suggests a possible start of a new trend. |
25.88
+0.2 (+0.78%)
OLIN CORP / OLN FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 7 / 10 to OLN.
What is the current trend direction of OLIN CORP (OLN) stock?
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 60.1402. 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 positive.
Can you provide the support and resistance levels for OLIN CORP?
OLIN CORP (OLN) has a support level at 21.31 and a resistance level at 26.38. Check the full technical report for our detailed analysis of OLN support and resistance levels.