OLIN CORP. - Daily - Technical analysis published on 12/13/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 16.83 USD and 18.10 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 16.83 USD. The first resistance is located at 18.10 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OLIN CORP. rating is 17.80 USD. The price registered an increase of +2.65% on the session with the lowest point at 17.23 USD and the highest point at 17.84 USD. The deviation from the price is +3.31% for the low point and -0.22% for the high point.17.23
17.84
17.80
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OLIN CORP. in Daily shows an overall slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.46 | 15.41 | 16.83 | 17.80 | 18.10 | 19.44 | 20.63 |
| Change (%) | -18.76% | -13.43% | -5.45% | - | +1.69% | +9.21% | +15.90% |
| Change | -3.34 | -2.39 | -0.97 | - | +0.30 | +1.64 | +2.83 |
| Level | Major | Minor | Major | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.60 | 16.88 | 17.11 | 17.40 | 17.63 | 17.91 | 18.14 |
| Camarilla | 17.20 | 17.25 | 17.29 | 17.34 | 17.39 | 17.43 | 17.48 |
| Woodie | 16.57 | 16.87 | 17.08 | 17.38 | 17.60 | 17.90 | 18.11 |
| Fibonacci | 16.88 | 17.08 | 17.20 | 17.40 | 17.60 | 17.72 | 17.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.41 | 16.04 | 16.63 | 17.25 | 17.84 | 18.47 | 19.06 |
| Camarilla | 16.89 | 17.00 | 17.11 | 17.22 | 17.33 | 17.44 | 17.55 |
| Woodie | 15.40 | 16.03 | 16.61 | 17.24 | 17.83 | 18.46 | 19.04 |
| Fibonacci | 16.04 | 16.50 | 16.79 | 17.25 | 17.72 | 18.00 | 18.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.45 | 15.10 | 16.32 | 17.97 | 19.19 | 20.84 | 22.07 |
| Camarilla | 16.75 | 17.01 | 17.28 | 17.54 | 17.80 | 18.07 | 18.33 |
| Woodie | 13.23 | 14.99 | 16.10 | 17.86 | 18.98 | 20.74 | 21.85 |
| Fibonacci | 15.10 | 16.20 | 16.87 | 17.97 | 19.07 | 19.75 | 20.84 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.46 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | 1.25 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 17.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.73 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 18.47 | |
| Zig ZAG (10): | 17.80 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 63.37 | |
| TEMA (21): | 17.12 | |
| Williams %R (14): | -6.17 | |
| Chande Momentum Oscillator (20): | 0.39 | |
| Repulse (5,40,3): | 2.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 1.07 |
| MA7: | 17.23 | |
| MA20: | 17.30 | |
| MA50: | 17.94 | |
| MA100: | 17.87 | |
| MAexp7: | 17.36 | |
| MAexp20: | 17.46 | |
| MAexp50: | 17.80 | |
| MAexp100: | 18.31 | |
| Price / MA7: | +3.31% | |
| Price / MA20: | +2.89% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -0.39% | |
| Price / MAexp7: | +2.53% | |
| Price / MAexp20: | +1.95% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -2.79% |
News
Don"t forget to follow the news on OLIN CORP.. At the time of publication of this analysis, the latest news was as follows:
- Olin Announces Facility Closures
- Olin Announces Third Quarter 2019 Results
- Olin Declares 372nd Consecutive Quarterly Dividend
- Olin Corporation Third Quarter 2019 Earnings Conference Call on November 1
- Winchester Awarded U.S. Army Contract to Manage and Operate Lake City Army Ammunition Plant
This member declared not having a position on this financial instrument or a related financial instrument.
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