Sell Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
-0.77%
PRICE
$30.85
VOLUME
Sell
TREND
Sell
MV LONG
Sell
MV SHORT
Sell
PIVOT
Sell
MACD
Buy
Request Prediction
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Olin Corporation Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Sell candidate since 2017-05-22 Loss -0.77%

Olin Corporation fell by -0.77% in the last day, from USD 31.09 to USD 30.85 , and has now fallen 3 days in a row. The price has risen in 7 of the last 10 days and is up by 4.54% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day, the trading volume fell by -0.79 million shares and in total, 1.37 million shares bought and sold for approximately USD 42.38 million.

Trend

Olin Corporation lies in the middle of a wide and weak falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.8% during the next 3 months and, with 90% probability hold a price between USD 28.00 and USD 31.86 at the end of this period.

Signals

There are few to none technical positive signals at the moment. Olin Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at USD 31.23 and USD 31.33. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday May 19, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Support & Resistance

Olin Corporation finds support from accumulated volume at USD 30.78, USD 30.73, and USD 29.72. On the upside the stock meets some resistance from accumulated volume at USD 33.07, USD 32.22 and USD 32.34.

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.63 between high and low, or 2.06%. For the last week, the stock has had a daily average volatility of 3.00%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Evaluation

Olin Corporation holds several negative signals and is within a wide and weak falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate

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