RSI low/high Values: [ 25 - 75 ]
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AI Analysis of OLN
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Olin Corporation stock price up 1.92% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 2.07% PDF

The Olin Corporation stock price gained 1.92% on the last trading day (Wednesday, 27th Mar 2024), rising from $57.15 to $58.25. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.41% from a day low at $57.48 to a day high of $58.29. The price has risen in 6 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume fell on the last day by -887 thousand shares and in total, 594 thousand shares were bought and sold for approximately $34.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $58.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.28% during the next 3 months and, with a 90% probability hold a price between $58.53 and $65.04 at the end of this 3-month period.

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OLN Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Olin Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $56.98 and $54.55. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Olin Corporation stock

Olin Corporation finds support from accumulated volume at $57.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.81 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.56%.

Our recommended stop-loss: $56.27 (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (OLN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Olin Corporation to open at $58.01, and during the day (based on 14 day Average True Range), to move between $56.97 and $59.53, which gives a possible trading interval of +/-$1.28 (+/-2.19%) up or down from last closing price. If Olin Corporation takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $57.15, some $1.10 (1.89%) from the current price of $58.25, our system finds the risk reward attractive.

Is Olin Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Olin Corporation stock to perform well in the short-term.

Current score: 2.534 Buy Candidate Unchanged

Predicted Opening Price for Olin Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$58.01 ( 0.418%) $58.25

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OLN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 58.82 0.97 %
R2 58.51 0.442 %
R1 58.32 0.113 %
Current price: 58.25
Support S1 57.70 -0.95 %
S2 57.51 -1.28 %
S3 57.20 -1.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 58.25
Support S1 57.15 -1.89%
S2 55.15 -5.32%
S3 53.48 -8.19%

OLN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 06, 2024 Mar 15, 2024 $0.200 0.343%
2 Oct 26, 2023 Nov 08, 2023 Dec 08, 2023 $0.200 0.400%
3 Jul 27, 2023 Aug 09, 2023 Sep 08, 2023 $0.200 0.397%
4 Apr 27, 2023 May 10, 2023 Sep 08, 2023 $0.200 0.397%
5 Feb 22, 2023 Mar 03, 2023 Jun 09, 2023 $0.200 0.388%

FAQ

What is the symbol for Olin Corporation Stock and on which exchange is it traded?
The symbol for Olin Corporation is OLN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Olin Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Olin Corporation stock to perform well in the short-term.

How to buy Olin Corporation Stock?
Olin Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Olin Corporation Stock.

What's the current price of Olin Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Olin Corporation (OLN) share was $58.25.

What is the 52-week high and low for Olin Corporation Stock?
The 52-week high for Olin Corporation Stock is $59.95 and the 52-week low is $41.71.

What is the market capitalization of Olin Corporation Stock?
As of the 2024-03-27, the market capitalization of Olin Corporation is 7.139B.

When is the next earnings date for Olin Corporation?
The upcoming earnings date for Olin Corporation is Apr 25, 2024.
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