OWENS CORNING (OC) Stock Technical Analysis
NYSE:OC • US6907421019
Overall OC gets a technical rating of 7 out of 10. In the last year, OC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- OC has an average volume of 1289080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, OC outperforms 47% of them, which is more or less in line with the market.
- OC is an average performer in the Building Products industry, it outperforms 43% of 42 stocks in the same industry.
- 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.
- In the last month OC has a been trading in the 116.88 - 143.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 125.41, a Stop Loss order could be placed below this zone. 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
110.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 124.78 to 125.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.83 to 122.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @111.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 134.96 to 138.46. 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 | UP | POSITIVE | The long term trend for OC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OC is up. |
| ChartMill Relative Strength | 47.41 | NEUTRAL | OC is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of OC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.24 | NEUTRAL | The RSI value for OC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests OC has a negative trend. |
| Stochastics (14,3) | 60.07 | NEUTRAL | The Stochastics value for OC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for OC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.92 | POSITIVE | The high ADX value value for OC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 138.47 | 130.64 | 7.83 (5.65%) | 17.68% |
| An entry @138.47. This is a Buy Stop order right above the resistance zone. | An exit @130.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.83 points, which is 5.65%. | When investing 17.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
132.71
+1.03 (+0.78%)
OWENS CORNING / OC FAQ
What is the technical rating for OC stock?
ChartMill assigns a technical rating of 7 / 10 to OC.
Can you provide the trend direction for OWENS CORNING?
The current trend direction for OWENS CORNING (OC) is Bullish.
Can you provide the RSI signal for OWENS CORNING?
OWENS CORNING (OC) has an RSI value of 59.2357. 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 positive.
Can you provide the buy/sell signal for OWENS CORNING?
The buy/sell signal for OWENS CORNING (OC) is buy as both the short term and long term trends are positive.