Huntsman Corporation (HUN)

Fundamental Score: 3/5 (Mixed). Huntsman is emerging from a cyclical slump with trailing losses (TTM net margin -2.90%) and elevated leverage (net debt/EBITDA 7.67x; Altman Z-Score 1.49), but 2026 filings show improving revenue/margins and adequate liquidity (cash plus revolver availability) with no going-concern language. Valuation looks low on EV/Sales (0.67x), yet cash generation and debt coverage remain the key swing factors.

Key near-term catalyst is the Aug 25, 2026 shareholder meeting/vote milestone for the announced Olin–Huntsman all-stock merger, but the last ~14d media tone cooled from June’s merger optimism to neutral as Q2 results digest and UK emissions/legal headlines surfaced (determinate negative delta vs 30–90d baseline). Conflicting bullish (merger process/CEO buy) and bearish (environmental/legal overhang) signals trigger a moderate red-flag cap (≤3).

Bearish daily structure: close 9.12 sits below the SMA20 (9.55), SMA50 (10.51), SMA200 (11.99), EMA9 (9.36), EMA21 (9.64), WMA9/WMA21 (9.33/9.46), DEMA/TEMA14 (9.18/9.21) and the daily VWAP (9.20). MACD line (-0.34) is below zero and below its signal (-0.36); the histogram (+0.02) has been positive for two weeks but is fading (peaked at 0.07 on 09-09), so the momentum-repair attempt is stalling. RSI14 34.9 and Williams %R -94.6 mark oversold pockets that could fuel a short reflex bounce, but ADX14 22.1 shows no trend strength to lean on and every bounce attempt over the last month has failed at lower highs. This is a persistent downtrend with oversold noise — bounce-only quality, below the 3 needed for a bullish entry. A pullback/oversold limit is additionally countertrend-blocked (price below SMA50 with MACD < 0, and below a declining SMA200 with no momentum reclaim), and a breakout stop has no momentum confirmation to chase into the falling SMA20/EMA21 overhead.