OWENS CORNING INC

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- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	OC
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OWENS CORNING INC - Daily - Technical analysis published on 11/12/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 59.45 USD

My targets

63.35 USD (+0.08%)

67.15 USD (+6.08%)

My analysis

OWENS CORNING INC is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 59.45 USD. The next resistance located at 63.35 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 67.15 USD. After this resistance, buyers could then target 77.61 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The OWENS CORNING INC price is 63.30 USD. On the day, this instrument gained +1.13% with the lowest point at 62.22 USD and the highest point at 63.39 USD. The deviation from the price is +1.74% for the low point and -0.14% for the high point.

62.22

63.39

63.30

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by OWENS CORNING INC:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this OWENS CORNING INC chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bullish harami

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	48.37	55.62	59.45	63.30	63.35	67.15	77.61
Change (%)	-23.59%	-12.13%	-6.08%	-	+0.08%	+6.08%	+22.61%
Change	-14.93	-7.68	-3.85	-	+0.05	+3.85	+14.31
Level	Minor	Major	Major	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.80	62.02	62.31	62.53	62.82	63.04	63.33
Camarilla	62.45	62.50	62.54	62.59	62.64	62.68	62.73
Woodie	61.83	62.04	62.34	62.55	62.85	63.06	63.36
Fibonacci	62.02	62.22	62.34	62.53	62.73	62.85	63.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	60.11	61.14	61.86	62.89	63.61	64.64	65.36
Camarilla	62.11	62.27	62.43	62.59	62.75	62.91	63.07
Woodie	59.97	61.06	61.72	62.81	63.47	64.56	65.22
Fibonacci	61.14	61.81	62.22	62.89	63.56	63.97	64.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.29	55.66	58.47	61.85	64.66	68.03	70.84
Camarilla	59.58	60.15	60.71	61.28	61.85	62.41	62.98
Woodie	52.00	55.52	58.19	61.70	64.37	67.89	70.56
Fibonacci	55.66	58.02	59.48	61.85	64.21	65.67	68.03

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	57.88
MACD (12,26,9):	0.5800
Directional Movement:	10.14
AROON (14):	-35.72
DEMA (21):	63.19
Parabolic SAR (0,02-0,02-0,2):	64.51
Elder Ray (13):	0.19
Super Trend (3,10):	59.96
Zig ZAG (10):	63.30
VORTEX (21):	0.9700
Stochastique (14,3,5):	49.09
TEMA (21):	62.97
Williams %R (14):	-40.51
Chande Momentum Oscillator (20):	1.61
Repulse (5,40,3):	1.0500
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	0.66

MA7:	62.97
MA20:	62.61
MA50:	60.90
MA100:	58.27
MAexp7:	62.83
MAexp20:	62.35
MAexp50:	60.81
MAexp100:	58.43
Price / MA7:	+0.52%
Price / MA20:	+1.10%
Price / MA50:	+3.94%
Price / MA100:	+8.63%
Price / MAexp7:	+0.75%
Price / MAexp20:	+1.52%
Price / MAexp50:	+4.09%
Price / MAexp100:	+8.33%

News

Don"t forget to follow the news on OWENS CORNING INC. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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