Ashland Inc

ASH is in a Stage 2 advancing uptrend with higher highs and higher lows intact, currently pulling back into the 9- and 20-period EMA support zone under overbought conditions. Near-term consolidation and lack of a clear bounce suggest deferring execution. We will stalk for a clean rejection of the pullback or reinforcement at the EMA or 50-period SMA before initiating longs.

• ↑Q3 2026 revenue +7% YoY to $497M across all business units.
• ↑Generated $103M in free cash flow with net leverage down to 2.4x.
• ↓Adjusted EBITDA declined YoY as low production rates weighed on profits.