OLIN CORP (OLN) Technical Analysis
NYSE:OLN • US6806652052
Current stock price
OLN Technical Rating and Analysis
We assign a technical rating of 9 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- OLN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OLN is lagging the market slightly.
- OLN has an average volume of 2770500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, OLN did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- OLN is part of the Chemicals industry. There are 82 other stocks in this industry, OLN did better than 69% of them.
- In the last month OLN has a been trading in the 25.75 - 30.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OLN Weekly and Daily overview Charts
OLN Setup Rating and Analysis
Besides having an excellent technical rating, OLN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 26.54, a Stop Loss order could be placed below this zone.
More info and screens
OLN Support and Resistance Analysis
18.05
6 important support areas can be observed.
- A support zone ranging from 26.09 to 26.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.96 from a trend line in the daily time frame.
- Support @23.50 from a horizontal line in the daily time frame.
- Support @22.34 from a trend line in the weekly time frame.
- Support @21.49 from a trend line in the weekly time frame.
- Support @18.23 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @29.01 from a horizontal line in the weekly time frame.
- Resistance @30.14 from a horizontal line in the daily 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 | 84.83 | POSITIVE | OLN has a high relative strength, it outperformed 84.83% 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) | 57.59 | NEUTRAL | The RSI value for OLN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests OLN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.42 | NEUTRAL | The Stochastics value for OLN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for OLN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for OLN suggests a weak or negative trend. |
OLN Chart- and CandleStick Pattern Analysis
OLN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.02 | 25.74 | 3.28 (11.30%) | 8.85% |
| An entry @29.02. This is a Buy Stop order right above the resistance zone. | An exit @25.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.28 points, which is 11.30%. | For a 1.00% total portfolio risk, you can invest 8.85% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OLN Technicals: Chart, Performance Metrics, Trend & Indicators
28.61
+0.13 (+0.46%)
OLIN CORP / OLN TA FAQ
What is the technical rating for OLN stock?
ChartMill assigns a technical rating of 9 / 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 57.5864. 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 -0.00627299, 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.