Ashland Inc. | ASH

Daily Technical Analysis of Ashland Inc.

Ashland moved up less than 1% today. The market isn't being very decisive in its valuation of Chemicals company. It looks like ASH may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. We can also take into account momentum, Ashland has been a pretty poor performer over the last year and hasn't done much better over the last three months either. Over the past year, investors in the Chemicals company have lost -40.09 percent of their money, well any that are still holding have. More will probably sell into any strength to mitigate risk.

If the price breaks through the resistance level it will probably move up to the $60.89 level where it may meet further resistance. We aren't seeing very clear support levels down beneath this point, so it might have room to gap down lower if price is rejected from here.

Analyst Ratings for Ashland By Price Target And Rating

The analysts are pretty neutral on Ashland right now, so not much useful information here. The current Analysts Sentiment Score is 3.29. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. BMO Capital Markets provided a price target boost of 8.25% to $105.00 from $97.00 on 2024-05-07. JPMorgan Chase & Co. provided a price target boost of 2.27% to $90.00 from $88.00 on 2024-05-02. On 2024-05-01 UBS Group increased their price target by 1.75% to $116.00. Mizuho gave a boost to their price target and moved to $110.00 from $101.00 on 2024-05-01. On 2024-04-11 Wells Fargo & Company upgraded Ashland from Equal Weight to Overweight and provided a price target boost 12% to $112.00 from $100.00. Jefferies Financial Group upgraded from Hold to Buy on 2024-03-14 and also increased their price target by 26% to $126.00. On 2024-03-01 Wolfe Research started covering Ashland with a rating of Outperform and added a price target of $108.00. On 2023-11-13 Stifel Nicolaus lowered their price target by -12.73% to $96.00. Deutsche Bank Aktiengesel announced a lowering of their price target to $95.00 from $105.00 on 2023-06-29.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Ashland

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Ashland

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.