OWENS CORNING (OC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OC - US6907421019 - Common Stock
111.75 USD
-4.46 (-3.84%)
111.75 USD
0 (0%)
Overall OC gets a technical rating of 1 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OC is a bad performer in the overall market: 87% of all stocks are doing better.
OC is one of the lesser performing stocks in the Building Products industry. 70% of 42 stocks in the same industry do 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.
OC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
OC has an average volume of 1609500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OC has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
110.63
135.66
We can see 4 important resistance areas.
- A resistance zone ranging from 112.21 to 114.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 116.00 to 117.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @129.52 from a trend line in the weekly time frame.
- Resistance @134.32 from a trend line in the weekly 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 | 13.3 | NEGATIVE | OC has a low relative strength, it was outperformed by 86.7% 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 | 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) | 45.57 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests OC has a negative trend. |
| Stochastics (14,3) | 36.88 | NEUTRAL | The Stochastics value for OC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for OC suggests a weak or negative trend. |
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)
111.75
-4.46 (-3.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg-3.84%
1 Week-1.24%
2 Weeks-1.46%
1 Month0.16%
3 Month-11.6%
6 Month-24.21%
12 Month-33.32%
2 Year-26.25%
3 Year15.62%
5 Year44.01%
10 Year141.93%
15 Year233.88%
Volatility
ATR(14)2.92
ATR(20)%2.75%
ATR Inc66.26%
Range Today5.15
ADR(20)3.05
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.3
3 months CRS19.27
6 months CRS12.78
Mansfield-2.86
10 Day High117.8
10 Day Low111.41
20 Day High118.16
20 Day Low110.75
52 Week High192.96
52 Week Low97.53
CS1 EndN/A
CR1 Start112.21
Volume & EV
DER(3)1.57%
DER(5)1.31%
Volume1.30M
Volume Incr-21.83%
Vol(5)1.02M
Vol(50)1.61M
OWENS CORNING / OC FAQ
What is the technical rating for OC stock?
ChartMill assigns a technical rating of 1 / 10 to OC.
Can you provide the trend direction for OWENS CORNING?
The current trend direction for OWENS CORNING (OC) is Bearish.
Can you provide the RSI signal for OWENS CORNING?
OWENS CORNING (OC) has an RSI value of 45.5715. This indicates that the stock is currently neutral.
Can you provide the short term momentum for OWENS CORNING?
The short term momentum for OWENS CORNING (OC) is neutral.