OC Technical Analysis - OWENS CORNING

Technical Rating and Analysis

Taking everything into account, OC scores 0 out of 10 in our technical rating. 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, OC is a bad performer in the overall market: 89% of all stocks are doing better.

OC is part of the Building Products industry. There are 41 other stocks in this industry, of which 70% are performing better than OC.

OC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month OC has a been trading in the 123.23 - 148.23 range, which is quite wide. It is currently trading near the lows of this range.

OC has an average volume of 1037380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of OC is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

125.04

156.96

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 126.31 to 128.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @152.36 from a trend line in the daily time frame.
Resistance @155.41 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The short term trend for OC is down.
ChartMill Relative Strength	11.59	NEGATIVE	OC has a low relative strength, it was outperformed by 88.41% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of OC is below a declining 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)	29.21	OVERSOLD	The low RSI value suggests OC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.05	NEGATIVE	The MACD value suggests OC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	19.47	OVERSOLD	The low Stochastics value suggests OC may be oversold.
Average True Range in percent/ATR (20)	2.92	MEDIUM VOLATILITY	The ATR as a percentage value for OC suggests some volalility.
Average Directional Index/ADX (14)	29.05	POSITIVE	The high ADX value value for OC suggests a strong trend.