Origin Materials: A Chemicals Stock With Upside Growth Potential And A Constructive Chart

Oct. 04, 2022 11:34 AM ETOrigin Materials, Inc. (ORGN)XLB9 Comments

Summary

  • The Chemicals industry within the Materials sector has endured tough selling so far in 2022.
  • One small firm in the space features negative forward earnings, but its longer-term growth prospects appear favorable.
  • Origin's technical chart also suggests now is a good time to scoop up shares.

The operation of automatic plastic bag production machine with lighting effect. Close-up of the roller of the plastic bag production machine in the light blue scene. product packaging concept

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Chemical companies have gotten crushed so far this year. Some of the major U.S.-based players in the industry are down more than 35% in 2022. One small-cap plastics name, though, is simply rangebound and features a positive risk/reward setup along

S&P 500 Year-to-Date Performance Heat Map: Chemical Stocks Sharply Lower

Finviz

Origin: Earnings, Valuation, Free Cash Flow Forecasts

BofA Global Research

Corporate Event Calendar

Wall Street Horizon

ORGN: Shares Rangebound, But Solid Support Persists

Stockcharts.com

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