ASH Chemical to new high groundNice breakout to new high ground on Chemical Play. Bought 147 shares @109.32. 3.10% position.
Stop: 104.10
Risk:4.77%
Overall exposure now: 32.8%
3.14USD
178.00 MUSD
2.19 BUSD
49.79 M
About Ashland Inc.
Sector
CEO
Guillermo Novo
Headquarters
Wilmington
Website
Employees (FY)
3.8 K
Founded
1924
ISIN
US0441861046
FIGI
BBG00D0Y81M1
Ashland, Inc. engages in the provision of architectural coatings, construction, energy, food and beverage, nutraceuticals, personal care, and pharmaceutical products. It operates through the following segments: Life Sciences, Personal Care, Specialty Additives, and Intermediates. The Life Sciences segment is involved in pharmaceuticals, nutrition, nutraceuticals, agricultural chemicals, diagnostic films, and fine chemicals. The Personal Care segment consists of biofunctionals, microbial protectants, skin care, sun care, oral care, hair care, and household solutions. The Specialty Additives segment focuses on rheology and performance-enhancing additives serving the architectural coatings, construction, energy, automotive, and various industrial markets. The Intermediates segment refers to production of 1,4 butanediol and related derivatives, including n-methylpyrrolidone. The company was founded in 1924 and is headquartered in Wilmington, DE.
$ASH ready to move higher?Notes:
* Great earnings track record
* Very strong up trend
* Pays out dividends
* Breaking out of a ~7 month base with higher than average volume along with printing a pocket pivot
Technicals:
* Sector: Basic Materials - Chemicals
* Relative Strength vs. Sector: 4.49
* Relative Strength vs. SP
ASH New All Time Highs Soon?ASH getting closer to New All Time Highs
7 Month Long Base
Technically perfect setup
But lack of Volume and Institutional Ownership is a concern
Measured Targets: 126 & 138
Ashland board authorizes a 12 percent increaseASH: Ashland Global Holdings In.
2022-05-26 20:00:00
Ashland board authorizes a 12 percent increase in quarterly dividend and new, evergreen $500 million common stock repurchase program
Ashland announces $450 million accelerated share repurchase progASH: Ashland Global Holdings Inc.
2021-09-03 07:00:00
Ashland announces $450 million accelerated share repurchase program
Technical Analysis Vs Fundamental AnalysisTA Vs FA
Both Technical and Fundamental analysis seeks to evaluate an asset.
In my opinion, these 2 major analysis methods are similar more than you think!
FUNDAMENTAL ANALYSIS
The FA involves the financial analysis of an asset by focusing on the underlying factors that affect that asset.
The
ASH possible 9-12% gain within a couple weeksIchimoku Day View
ASH has been showing a rough ±10% consolidation past couple months.
Tenkan dipped below Kijun in the cloud
RSI dipped below 30 - looking for upward movement for possible entry @$70.63
ASH Short I engaged in a short position with ASH Strike $70, Put cost $2
Target is $65 Jan 18 exp,
Stop at $1, FED is pushing more rate hikes next year. Spy could continue going south.
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Frequently Asked Questions
The current price of ASH is 93.73 USD — it has increased by 0.17% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange Ashland Inc. stocks are traded under the ticker ASH.
Ashland Inc. is going to release the next earnings report on Apr 23, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for Ashland Inc. has a max estimate of 126.00 USD and a min estimate of 88.00 USD.
ASH earnings for the last quarter are 0.41 USD whereas the estimation was 0.69 USD which accounts for −40.30% surprise. Estimated earnings for the next quarter are 0.20 USD. See more details about Ashland Inc. earnings.
Ashland Inc. revenue for the last quarter amounts to 518.00 M USD despite the estimated figure of 528.57 M USD. In the next quarter revenue is expected to reach 478.75 M USD.
Yes, you can track Ashland Inc. financials in yearly and quarterly reports right on TradingView.
Like other stocks, ASH shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Ashland Inc. stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 16, 2024, the company has 3.80 K employees. See our rating of the largest employees — is Ashland Inc. on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Ashland Inc. EBITDA is 428.00 M USD, and current EBITDA margin is 21.36%. See more stats in Ashland Inc. financial statements.