OLIN CORP (OLN) Stock Technical Analysis
NYSE:OLN - US6806652052 - Common Stock
23.53 USD
-0.13 (-0.55%)
23.8399 USD
+0.31 (+1.32%)
We assign a technical rating of 5 out of 10 to OLN. In the past year, OLN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
86% of all other stocks performed better in the past year than OLN.
OLN is part of the Chemicals industry. There are 83 other stocks in this industry, of which 64% 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.
In the last month OLN has a been trading in the 18.16 - 23.69 range, which is quite wide. It is currently trading near the high of this range.
OLN has an average volume of 2495100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
OLN has an average technical rating and the quality of the presented setup is also not ideal 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
17.78
23.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.43 to 22.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.99 to 21.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.66 to 23.66. 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 | 14.37 | NEGATIVE | OLN has a low relative strength, it was outperformed by 85.63% off all stocks 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) | DOWN | NEGATIVE | The current price of OLN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.32 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests OLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.8 | OVERBOUGHT | The high Stochastics value suggests OLN may be overbought. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for OLN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for OLN suggests a possible start of a new 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)
23.53
-0.13 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.55%
1 Week2.53%
2 Weeks10.57%
1 Month26.78%
3 Month17.89%
6 Month-3.57%
12 Month-43.42%
2 Year-52.92%
3 Year-45.13%
5 Year90.06%
10 Year39.98%
15 Year16.72%
Volatility
ATR(14)0.87
ATR(20)%3.75%
ATR Inc-12.23%
Range Today0.61
ADR(20)0.84
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.37
Mansfield-2.62
10 Day High23.69
10 Day Low20.75
20 Day High23.69
20 Day Low18.16
52 Week High49.6
52 Week Low17.66
CS1 End22.63
CR1 Start23.66
Volume & EV
DER(3)2.03%
DER(5)2.32%
Volume1.47M
Volume Incr-26.07%
Vol(5)2.10M
Vol(50)2.50M