OWENS CORNING (OC) Technical Analysis
NYSE:OC • US6907421019
Current stock price
114.28 USD
-0.67 (-0.58%)
At close:
114.28 USD
0 (0%)
After Hours:
OC Technical Rating and Analysis
Overall OC gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. OC was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, OC is a bad performer in the overall market: 81% of all stocks are doing better.
- OC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month OC has a been trading in the 98.84 - 116.46 range, which is quite wide. It is currently trading near the high of this range.
- OC has an average volume of 1517010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- OC is an average performer in the Building Products industry, it outperforms 41% of 42 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
OC Weekly and Daily overview Charts
OC Setup Rating and Analysis
OC has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
OC Support and Resistance Analysis
97.30
132.43
When analyzing the support we can see 3 important areas.
- Support @101.83 from a horizontal line in the weekly time frame.
- Support @99.96 from a horizontal line in the weekly time frame.
- A support zone ranging from 98.28 to 98.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 114.29 to 114.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @125.60 from a trend line in the weekly time frame.
- Resistance @131.12 from a trend line in the daily time frame.
OC Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for OC is up. |
| ChartMill Relative Strength | 19.33 | NEGATIVE | OC has a low relative strength, it was outperformed by 80.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OC is below 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) | 56.42 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.67 | POSITIVE | The MACD value suggests OC has a positive trend. |
| Stochastics (14,3) | 91.97 | OVERBOUGHT | The high Stochastics value suggests OC may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.5 | POSITIVE | The high ADX value value for OC suggests a strong trend. |
OC Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
OC Technicals: Chart, Performance Metrics, Trend & Indicators
114.28
-0.67 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-0.58%
1 Week7.97%
2 Weeks6.29%
1 Month10.9%
3 Month-6.64%
6 Month-9.6%
12 Month-17.8%
2 Year-32.06%
3 Year6.99%
5 Year18.05%
10 Year148.06%
15 Year202.01%
Volatility
ATR(14)4.47
ATR(20)%3.76%
ATR Inc-29.09%
Range Today2.75
ADR(20)3.9
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.33
3 months CRS31.65
6 months CRS27.84
Mansfield-1.66
10 Day High116.46
10 Day Low103.31
20 Day High116.46
20 Day Low98.84
52 Week High159.42
52 Week Low97.53
CS1 End101.83
CR1 Start114.29
Volume & EV
DER(3)-1.14%
DER(5)0.05%
Volume832.10K
Volume Incr-41.39%
Vol(5)914.60K
Vol(50)1.52M
OWENS CORNING / OC TA FAQ
What is the technical rating for OC stock?
ChartMill assigns a technical rating of 2 / 10 to OC.
Can you provide the trend direction for OWENS CORNING?
The current trend direction for OWENS CORNING (OC) is Bearish.
What is the RSI signal for OC stock?
OWENS CORNING (OC) has an RSI value of 56.4222. This indicates that the stock is currently neutral.
What is the MACD signal for OWENS CORNING (OC) stock?
The MACD indicator for OWENS CORNING (OC) has a value of 1.67165, indicating a bullish trend.
What is the short term momentum for OC stock?
The short term momentum for OWENS CORNING (OC) is positive.