OLIN CORP (OLN) Stock Technical Analysis
USA - NYSE:OLN - US6806652052 - Common Stock
24.53 USD
+0.64 (+2.68%)
24.64 USD
+0.11 (+0.45%)
Overall OLN gets a technical rating of 4 out of 10. OLN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, OLN is a bad performer in the overall market: 84% of all stocks are doing better.
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 2547980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
OLN is part of the Chemicals industry. There are 83 other stocks in this industry, OLN did better than 47% of them.
In the last month OLN has a been trading in the 22.27 - 26.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OLN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.28, a Stop Loss order could be placed below this zone.
More info and screens
17.78
27.20
We found 2 important support areas.
- A support zone ranging from 22.28 to 22.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.96 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @25.86 from a trend line in the daily time frame.
- A resistance zone ranging from 26.38 to 26.93. 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 | NEUTRAL | NEUTRAL | The long term trend for OLN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OLN is neutral. |
| ChartMill Relative Strength | 16.51 | NEGATIVE | OLN has a low relative strength, it was outperformed by 83.49% 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) | UP | POSITIVE | The current price of OLN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OLN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.24 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests OLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.5 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.9 | 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)
24.53
+0.64 (+2.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.68%
1 Week-0.81%
2 Weeks-1.84%
1 Month-3.43%
3 Month20.36%
6 Month17.42%
12 Month-47.81%
2 Year-42.58%
3 Year-53.67%
5 Year48.22%
10 Year27.89%
15 Year22.71%
Volatility
ATR(14)1.4
ATR(20)%5.27%
ATR Inc64.27%
Range Today2.16
ADR(20)1.25
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.51
Mansfield-1.72
10 Day High26.26
10 Day Low22.27
20 Day High26.32
20 Day Low22.27
52 Week High47.21
52 Week Low17.66
CS1 End22.28
CR1 Start25.86
Volume & EV
DER(3)-2.4%
DER(5)-2.34%
Volume2.29M
Volume Incr-17.08%
Vol(5)2.31M
Vol(50)2.55M