OWENS CORNING (OC) Technical Analysis
NYSE:OC • US6907421019
Current stock price
OC Technical Rating and Analysis
Taking everything into account, OC scores 4 out of 10 in our technical rating. OC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 80% of all other stocks performed better in the past year than OC.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month OC has a been trading in the 98.84 - 126.45 range, which is quite wide. It is currently trading near the high of this range.
- OC has an average volume of 1453090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OC is part of the Building Products industry. There are 42 other stocks in this industry, OC did better than 48% of them.
- OC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OC is lagging the market.
- 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 an average technical rating and it also does not offer a high quality setup 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
4 important support areas can be observed.
- A support zone ranging from 114.86 to 116.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @105.12 from a horizontal line in the daily time frame.
- Support @101.83 from a horizontal line in the weekly time frame.
- Support @98.28 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @124.47 from a trend line in the weekly time frame.
- Resistance @130.20 from a trend line in the daily time frame.
- Resistance @135.75 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for OC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OC is up. |
| ChartMill Relative Strength | 20.61 | NEGATIVE | OC has a low relative strength, it was outperformed by 79.39% 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 | 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) | 65.23 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.98 | POSITIVE | The MACD value suggests OC has a positive trend. |
| Stochastics (14,3) | 81.74 | OVERBOUGHT | The high Stochastics value suggests OC may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.67 | POSITIVE | The high ADX value value for OC suggests a strong trend. |
OC Chart- and CandleStick Pattern Analysis
OC Technicals: Chart, Performance Metrics, Trend & Indicators
122.84
+4.98 (+4.23%)
OWENS CORNING / OC TA FAQ
What is the technical rating for OC stock?
ChartMill assigns a technical rating of 4 / 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 65.2316. 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 1.97729, indicating a bullish trend.
What is the short term momentum for OC stock?
The short term momentum for OWENS CORNING (OC) is positive.