OWENS CORNING (OC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OC - US6907421019 - Common Stock
Overall OC gets a technical rating of 1 out of 10. OC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
112.41
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 113.81 to 116.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 12.06 | NEGATIVE | OC has a low relative strength, it was outperformed by 87.94% 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) | 49.89 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests OC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.11 | NEUTRAL | The Stochastics value for OC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for OC suggests a weak or negative trend. |
113.55
0 (0%)
OWENS CORNING / OC FAQ
What is the technical rating for OC stock?
ChartMill assigns a technical rating of 1 / 10 to OC.
What is the current trend direction of OWENS CORNING (OC) stock?
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 49.8861. 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 0.285467, indicating a bearish trend.
What is the short term momentum for OC stock?
The short term momentum for OWENS CORNING (OC) is neutral.