Olin OLN Trading Advice

Longer Term Trading Plans for OLN
  • Buy OLN slightly over 52.25 target 60.25 stop loss @ 52.1 Details
  • The technical summary data tells us to buy OLN near 52.25 with an upside target of 60.25. This data also tells us to set a stop loss @ 52.1 to protect against excessive loss in case the stock begins to move against the trade. 52.25 is the first level of support below 58.03 , and by rule, any test of support is a buy signal. In this case, support 52.25 is being tested, a buy signal would exist.

  • Short OLN slightly under 60.25, target 52.25, stop loss @ 60.42 Details
  • The technical summary data is suggesting a short of OLN as it gets near 60.25 with a downside target of 52.25. We should have a stop loss in place at 60.42though. 60.25 is the first level of resistance above 58.03, and by rule, any test of resistance is a short signal. In this case, if resistance 60.25 is being tested, a short signal would exist.

Swing Trading Plans for OLN
  • Buy OLN slightly over 58.70, target 60.25, Stop Loss @ 58.53 Details
  • If 58.70 begins to break higher, the technical summary data tells us to buy OLN just slightly over 58.70, with an upside target of 60.25. The data also tells us to set a stop loss @ 58.53 in case the stock turns against the trade. 58.70 is the first level of resistance above 58.03, and by rule, any break above resistance is a buy signal. In this case, 58.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short OLN slightly near 58.70, target 55.08, Stop Loss @ 58.87. Details
  • The technical summary data is suggesting a short of OLN if it tests 58.70 with a downside target of 55.08. We should have a stop loss in place at 58.87 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 58.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for OLN
  • Buy OLN slightly over 58.48, target 58.70, Stop Loss @ 58.34 Details
  • If 58.48 begins to break higher, the technical summary data tells us to buy OLN just slightly over 58.48, with an upside target of 58.70. The data also tells us to set a stop loss @ 58.34 in case the stock turns against the trade. 58.48 is the first level of resistance above 58.03, and by rule, any break above resistance is a buy signal. In this case, 58.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short OLN slightly near 58.48, target 57.13, Stop Loss @ 58.62. Details
  • The technical summary data is suggesting a short of OLN if it tests 58.48 with a downside target of 57.13. We should have a stop loss in place at 58.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 58.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

OLN Ratings for November 24:

Term →Near Mid Long
Rating Weak Strong Neutral
P1 0 0 44.51
P2 57.13 55.08 52.25
P3 58.48 58.70 60.25
Triggers may have already come
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Chart of OLN with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


OLN Long Term Analysis for November 24 2022

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Olin (NYSE: OLN) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for OLN change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if OLN is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for OLN too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

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