OWENS CORNING (OC) Stock Technical Analysis
NYSE:OC - New York Stock Exchange, Inc. - US6907421019 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to OC. OC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 147.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 132.79, a Stop Loss order could be placed below this zone.
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129.10
When analyzing the support we notice one important area.
- A support zone ranging from 130.40 to 132.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 147.45 to 147.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 150.24 to 151.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for OC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OC is neutral. |
| ChartMill Relative Strength | 16 | NEGATIVE | OC has a low relative strength, it was outperformed by 84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.27 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests OC has a negative trend. |
| Stochastics (14,3) | 31.72 | NEUTRAL | The Stochastics value for OC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for OC suggests a weak or negative trend. |
140.04
-1.65 (-1.16%)