OLIN CORP (OLN) Technical Analysis
NYSE:OLN • US6806652052
Current stock price
OLN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to OLN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OLN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, OLN did better than 85% of all other stocks.
- OLN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OLN is performing more or less in line with the market.
- In the last month OLN has a been trading in the 22.53 - 30.46 range, which is quite wide. It is currently trading near the high of this range.
- OLN has an average volume of 3398010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OLN is part of the Chemicals industry. There are 83 other stocks in this industry, OLN did better than 67% of them.
OLN Weekly and Daily overview Charts
OLN Setup Rating and Analysis
Although OLN has an excellent technical rating, it does not offer a high 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
OLN Support and Resistance Analysis
20.11
We found 7 important support areas.
- A support zone ranging from 28.56 to 28.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.55 from a trend line in the daily time frame.
- Support @23.50 from a horizontal line in the daily time frame.
- Support @22.96 from a trend line in the daily time frame.
- Support @21.87 from a trend line in the weekly time frame.
- Support @21.16 from a trend line in the weekly time frame.
- Support @20.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @29.01 from a horizontal line in the weekly time frame.
OLN Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for OLN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OLN is up. |
| ChartMill Relative Strength | 85.75 | POSITIVE | OLN has a high relative strength, it outperformed 85.75% 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) | UP | POSITIVE | The current price of OLN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.08 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests OLN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.54 | OVERBOUGHT | The high Stochastics value suggests OLN may be overbought. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.94 | NEGATIVE | The low ADX value for OLN suggests a weak or negative trend. |
OLN Chart- and CandleStick Pattern Analysis
OLN Technicals: Chart, Performance Metrics, Trend & Indicators
28.57
-0.67 (-2.29%)
OLIN CORP / OLN TA FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 10 / 10 to OLN.
What is the trend direction for OLN stock?
The current trend direction for OLIN CORP (OLN) is Bullish.
What is the RSI signal for OLIN CORP (OLN) stock?
OLIN CORP (OLN) has an RSI value of 60.0801. This indicates that the stock is currently neutral.
What is the MACD signal for OLN stock?
The MACD indicator for OLIN CORP (OLN) has a value of 0.302999, indicating a bearish trend.
Can you provide the buy/sell signal for OLIN CORP?
The buy/sell signal for OLIN CORP (OLN) is buy as both the short term and long term trends are positive.