Londinia Opportunities Analyses - 04/25/2024 (GMT) OLIN CORP. - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 52.59 USD
My targets
51.28 USD (-1.53%)
49.45 USD (-5.05%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OLIN CORP. as long as the price remains well below 52.59 USD. The sellers' bearish objective is set at 51.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 49.45 USD. In case of crossing, the next objective would be the support located at 45.58 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
Additional analysis
Quotes
The OLIN CORP. rating is 52.08 USD. On the day, this instrument lost -1.87% and was between 51.99 USD and 52.92 USD. This implies that the price is at +0.17% from its lowest and at -1.59% from its highest.51.99
52.92
52.08
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of OLIN CORP. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.50 | 45.58 | 49.45 | 52.08 | 52.59 | 53.31 | 55.88 |
| Change (%) | -20.31% | -12.48% | -5.05% | - | +0.98% | +2.36% | +7.30% |
| Change | -10.58 | -6.50 | -2.63 | - | +0.51 | +1.23 | +3.80 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.35 | 51.95 | 52.51 | 53.11 | 53.67 | 54.27 | 54.83 |
| Camarilla | 52.75 | 52.86 | 52.96 | 53.07 | 53.18 | 53.28 | 53.39 |
| Woodie | 51.33 | 51.94 | 52.49 | 53.10 | 53.65 | 54.26 | 54.81 |
| Fibonacci | 51.95 | 52.39 | 52.67 | 53.11 | 53.55 | 53.83 | 54.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.90 | 51.28 | 52.44 | 53.82 | 54.98 | 56.36 | 57.52 |
| Camarilla | 52.89 | 53.12 | 53.36 | 53.59 | 53.82 | 54.06 | 54.29 |
| Woodie | 49.78 | 51.23 | 52.32 | 53.77 | 54.86 | 56.31 | 57.40 |
| Fibonacci | 51.28 | 52.25 | 52.85 | 53.82 | 54.79 | 55.39 | 56.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.34 | 51.37 | 55.09 | 57.12 | 60.84 | 62.87 | 66.59 |
| Camarilla | 57.22 | 57.75 | 58.27 | 58.80 | 59.33 | 59.85 | 60.38 |
| Woodie | 50.18 | 51.79 | 55.93 | 57.54 | 61.68 | 63.29 | 67.43 |
| Fibonacci | 51.37 | 53.57 | 54.93 | 57.12 | 59.32 | 60.68 | 62.87 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 33.11 | |
| MACD (12,26,9): | -0.4000 | |
| Directional Movement: | -22.79 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 52.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.05 | |
| Elder Ray (13): | -0.64 | |
| Super Trend (3,10): | 53.16 | |
| Zig ZAG (10): | 52.07 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 5.49 | |
| TEMA (21): | 52.27 | |
| Williams %R (14): | -93.99 | |
| Chande Momentum Oscillator (20): | -1.61 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.92 |
| MA7: | 53.22 | |
| MA20: | 55.95 | |
| MA50: | 55.39 | |
| MA100: | 53.54 | |
| MAexp7: | 52.36 | |
| MAexp20: | 52.95 | |
| MAexp50: | 53.61 | |
| MAexp100: | 54.62 | |
| Price / MA7: | -2.14% | |
| Price / MA20: | -6.92% | |
| Price / MA50: | -5.98% | |
| Price / MA100: | -2.73% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -1.64% | |
| Price / MAexp50: | -2.85% | |
| Price / MAexp100: | -4.65% |
Quotes :
-
15 min delayed data
-
Actions NYSE
News
The last news published on OLIN CORP. at the time of the generation of this analysis was as follows:
- Olin Among U.S. Epoxy Resin Producers Filing Trade Cases Against Five Countries
- Olin Corporation First Quarter 2024 Earnings Conference Call Announcement
- Olin Announces New CEO
- Olin Recognized with JEC Innovation Award for Wind Blade Circularity Solution
- Olin Announces Fourth Quarter 2023 Results