OLN Price Prediction Next Week
Analysis and Insights
To predict the stock price of Olin Corp. (OLN) for the next trading week, we analyze both fundamental and technical factors, including recent news and technical indicators.
Fundamental Analysis:
Analyst Sentiment:
- The average analyst target price for OLN is $34.06, representing a 35.20% upside from its current price of $25.19.
- Recent analyst actions include a downgrade by Piper Sandler to Neutral with a price target of $33, and Morgan Stanley maintaining an Underweight rating with a lower target of $28.
Recent News:
- Olin priced a private offering of $600 million in senior notes with a 6.625% interest rate, expected to close on March 14, 2025. Proceeds will be used to redeem existing debt and refinance credit facilities.
- The stock will trade ex-dividend on March 6, 2025, with a dividend of $0.20, expected to open 0.84% lower on the next trading day.
Technical Analysis:
Price Trends:
- OLN is currently trading at $25.45, with a 52-week range of $22.06 to $39.72.
- The stock has shown a mixed trend, with the 50-day SMA at $24.85 and the 200-day SMA at $29.00, indicating a potential downtrend in the medium term.
Technical Indicators:
- RSI: At 43.27, the stock is in neutral territory, suggesting no strong overbought or oversold conditions.
- MACD: The MACD line (-0.94) is below the signal line (0.33), indicating bearish momentum.
- Fibonacci Levels: Resistance levels are at $25.47 (R1) and $26.05 (R2), while support is at $23.58 (S1).
Volume and Momentum:
- Trading volume has been moderate, with 361,028 shares traded on the last day.
- The stock has shown a slight upward movement in the last week, gaining 1.84% during regular market hours.
Price Prediction:
Based on the analysis, OLN is expected to trade in a narrow range next week, with resistance at $26.17 (200-day SMA) and support at $24.80 (50-day SMA). The stock is likely to remain range-bound due to mixed technical signals and the upcoming ex-dividend event.
Predicted Price Range for Next Week: $24.80 - $26.17
Buy/Sell Recommendation:
Given the current technical setup and analyst sentiment, a buy recommendation is issued at the lower end of the range ($24.80 - $25.00), with a target of $26.05. Investors should monitor the stock's ability to break above the 200-day SMA for further upside potential.
OLN Similar Chart Price Prediction
The price of OLN is predicted to go up -16.26%, based on the high correlation periods with AIHS. The similarity of these two price pattern on the periods is 97.75%.
OLN
AIHS
Down: -16.26%Similarity: 97.75%
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OLN Analyst's Forecast
Jeffrey Zekauskas
JP Morgan
Buy → Hold
2025-02-27
Price Target
$50 → $28
Upside
+11.73%
JPMorgan downgraded Olin to Neutral from Overweight with a price target of $28, down from $50. The firm says a decrease in caustic soda prices pushed Olin's EBITDA lower by 2024, and the general level of the company's EBITDA is now substantially lower than the $1.3B in EBITDA achieved in 2023. Commodity chemical companies are facing a variety of challenges, the analyst tells investors in a research note. JPMorgan believes both Westlake and Olin are challenged to increase their EBITDA year-over-year in 2025.
Charles Neivert
Piper Sandler
Buy → Hold
2025-02-13
Price Target
$41 → $33
Upside
+18.41%
Steve Byrne
B of A Securities
Hold → Strong Buy
2025-01-14
Price Target
$48 → $40
Upside
+22.25%
