OWENS CORNING (OC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OC - US6907421019 - Common Stock
122.41 USD
+5.34 (+4.56%)
122.41 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: 84% of all stocks are doing better.
OC is one of the lesser performing stocks in the Building Products industry. 68% 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.
In the last month OC has a been trading in the 110.00 - 122.62 range, which is quite wide. It is currently trading near the high of this range.
OC has an average volume of 1630010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
110.63
123.63
We found 2 important support areas.
- A support zone ranging from 113.74 to 114.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.75 to 111.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | 16.22 | NEGATIVE | OC has a low relative strength, it was outperformed by 83.78% 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) | 64.87 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests OC has a positive trend. |
| Stochastics (14,3) | 61.67 | NEUTRAL | The Stochastics value for OC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.91 | 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)
122.41
+5.34 (+4.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryBuilding Products
Performance
% Chg4.56%
1 Week7.24%
2 Weeks7.8%
1 Month5.93%
3 Month-3.16%
6 Month-16.98%
12 Month-26.95%
2 Year-19.22%
3 Year26.65%
5 Year57.74%
10 Year165.01%
15 Year265.73%
Volatility
ATR(14)3.44
ATR(20)%2.77%
ATR Inc143.53%
Range Today4.65
ADR(20)3.31
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.22
3 months CRS27.85
6 months CRS15.86
Mansfield-2.24
10 Day High122.62
10 Day Low110
20 Day High122.62
20 Day Low110
52 Week High192.96
52 Week Low97.53
CS1 End114.7
CR1 StartN/A
Volume & EV
DER(3)-1.72%
DER(5)-0.17%
Volume1.50M
Volume Incr-3.18%
Vol(5)1.18M
Vol(50)1.63M
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 64.866. 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.