OLIN CORP (OLN) Stock Technical Analysis
USA - NYSE:OLN - US6806652052 - Common Stock
21.03 USD
-2.99 (-12.45%)
22 USD
+0.97 (+4.61%)
We assign a technical rating of 1 out of 10 to OLN. 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.
88% of all other stocks performed better in the past year than OLN.
OLN is part of the Chemicals industry. There are 82 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 20.03 - 26.26 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
OLN has an average volume of 2518200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of OLN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.78
26.82
We found 1 important support area.
- 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 24.02 to 24.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.40 from a trend line in the daily time frame.
- Resistance @26.55 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for OLN is neutral. |
| ChartMill Relative Strength | 12.14 | NEGATIVE | OLN has a low relative strength, it was outperformed by 87.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OLN is below a declining 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) | 36.6 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests OLN has a negative trend. |
| Stochastics (14,3) | 36.65 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.79 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.38 | 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)
21.03
-2.99 (-12.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-12.45%
1 Week-10.13%
2 Weeks-14.27%
1 Month-15.85%
3 Month15.36%
6 Month-5.27%
12 Month-48.53%
2 Year-50.77%
3 Year-60.28%
5 Year27.07%
10 Year9.65%
15 Year5.2%
Volatility
ATR(14)1.51
ATR(20)%6.79%
ATR Inc79.63%
Range Today1.72
ADR(20)1.26
ADR(20)%5.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.14
3 months CRS77.63
6 months CRS17.75
Mansfield-2.92
10 Day High25.07
10 Day Low20.03
20 Day High26.26
20 Day Low20.03
52 Week High44.76
52 Week Low17.66
CS1 End18.23
CR1 Start24.02
Volume & EV
DER(3)2.04%
DER(5)1.77%
Volume8.87M
Volume Incr54.91%
Vol(5)3.60M
Vol(50)2.52M
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 36.5955. 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.