OLPX – Technical Market Research
OLPX surged 51% on Henkel’s $1.4B acquisition offer at $2.06/share. Rachel Kensington breaks down the merger arb setup, deal risk, and the invalidation level to watch.
Published March 27, 2026 | Equity | OLPX

Rachel Kensington
Senior Equity Analyst · Blue Ocean Trading Solutions

Technical Overview
The tape is screaming. In a single session on March 26, Olaplex Holdings (OLPX) printed its largest single-day percentage gain in company history — a 51.1% surge from $1.33 to $2.01 on volume of roughly 104.7 million shares, or 55.9x the 30-day average daily volume of 1.87 million. That is not a technical breakout; that is a complete regime change driven by a hard catalyst. The prior six months were a slow grind between $0.99 and $1.41, with the stock trapped well below all meaningful moving averages and offering no technical conviction in either direction. Yesterday’s session obliterated all of that context in one candle.