OLIN CORP (OLN) Stock Technical Analysis
USA - NYSE:OLN - US6806652052 - Common Stock
Overall OLN gets a technical rating of 0 out of 10. 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.
The technical rating of OLN is bad and it also does not present a quality setup 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
We found 2 important support areas.
- Support @19.22 from a trend line in the daily 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 20.07 to 20.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.73 to 20.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 21.73 to 21.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for OLN is down. |
| ChartMill Relative Strength | 8.88 | NEGATIVE | OLN has a low relative strength, it was outperformed by 91.12% 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) | 36.58 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests OLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 24.12 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.93 | NEUTRAL | The ADX value for OLN suggests a possible start of a new trend. |
19.24
+0.04 (+0.21%)
OLIN CORP / OLN FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 0 / 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 36.582. 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 negative.
What is the buy/sell signal for OLN stock?
The buy/sell signal for OLIN CORP (OLN) is sell as both the short term and long term trends are negative.