Olin Corporation (NYSE:OLN) rose 4.74% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -31.21% and is now up by 22.97% since start of this year. A look at its monthly performance shows that the stock has recorded a 13.75% gain over the past 30 days. Its equity price climbed by 13.86% over the past three months which led to its overall six-month decrease to stand at -18.22%.
The shares of Olin Corporation (OLN) dropped by -31.11% or -$11.17 from its last recorded high of $35.9 which it attained on May 22 to close at $24.73 per share. Over the past 52 weeks, the shares of Olin Corporation has been trading as low as $17.87 before witnessing a massive surge by 38.39% or $6.86. This price movement has led to the OLN stock receiving more attention and has become one to watch out for. It dipped by -2.18% on Thursday and this got the market worried. The stock’s beta now stands at 1.53 and when compared to its 200-day moving average and its 50-day moving average, OLN price stands -6.8% below and 14.5% above respectively. Its average daily volatility for this week is 4.07% which is more than the 3.42% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Olin Corporation with most of them predicting a $26.94 price target on a short-term (12 months) basis. The average price target by the analysts will see a 8.94% rise in the stock and would lead to OLN’s market cap to surge to $4.5B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Olin Corporation (NYSE:OLN) and find out that 6 of them rated it as a Hold. 10 of the 11 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at OLN technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.72 point. Its trading volume has added 181535 shares compared to readings over the past three months as it recently exchanged 2481535 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 2300000 shares, and this is 1.08 times the normal volume.
The price of ServiceNow, Inc. (NYSE:NOW) currently stands at $226.96 after it went up by $1.4 or 0.62% and has found a strong support at $223.37 a share. If the NOW price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $219.79 mark would also be bad for the stock as it means that the stock would plunge by 3.16% from its current position. However, if the stock price is able to trade above the resistance point around $229.29, then it could likely surge higher to try and break the upward resistance which stands at $231.63 a share. Its average daily volatility over the past one month stands at 2.87%. The stock has plunged by 2.13% from its 52-weeks high of $222.12 which it reached on Feb. 06, 2019. In general, it is 39.37% above its 52-weeks lowest point which stands at $137.6 and this setback was observed on Feb. 09, 2018.
Analysts have predicted a price target for ServiceNow, Inc. (NOW) for 1 year and it stands at an average $234.03/share. This means that it would likely increase by 3.12% from its current position. The current price of the stock has been moving between $222.12 and $228.039. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $200. On the other hand, one analyst is super bullish about the price, setting a target as high as $260.
The NOW stock Stochastic Oscillator (%D) is at 93.46%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 16.63 which compares to the 8290.46 recorded by the industry or the 133.14 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 72.74, which is lower than the 194.82 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 27.1% over the past five years.
Analysts view ServiceNow, Inc. (NYSE:NOW) as a Buy, with 1.8 consensus rating. Reuters surveyed 34 analysts that follow NOW and found that 5 of those analysts rated the stock as a Hold. The remaining 29 were divided, with 29 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying ServiceNow, Inc. (NOW) shares or sell it if they already own it.
This post was originally published on *this site*