Owens Stock Technical Analysis

OC
 Stock
  

USD 76.30  0.69  0.90%   

As of the 28th of June, Owens Corning holds the coefficient of variation of (1,030), and Risk Adjusted Performance of (0.13). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Owens Corning, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down nineteen technical drivers for Owens Corning, which can be compared to its competitors. Please check Owens Corning variance, as well as the relationship between the maximum drawdown and semi variance to decide if Owens Corning is priced some-what accurately, providing market reflects its current price of 76.3 per share. Given that Owens Corning has jensen alpha of (0.049047), we recommend you to check out Owens Corning's recent market performance to make sure the company can sustain itself at a future point.
  
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Owens Corning Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Owens, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Owens
Owens Corning's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Owens Corning Analyst Consensus

Target PriceAdvice# of Analysts
113.67Hold9Odds
Owens Corning current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Owens analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Owens stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Owens Corning, talking to its executives and customers, or listening to Owens conference calls.
Owens Analyst Advice Details
Owens Corning technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Owens Corning technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Owens Corning trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Owens Corning Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Owens Corning volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Owens Corning Trend Analysis

Use this graph to draw trend lines for Owens Corning. You can use it to identify possible trend reversals for Owens Corning as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Owens Corning price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Owens Corning Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Owens Corning applied against its price change over selected period. The best fit line has a slop of   -0.09  , which may indicate that the price for Owens Corning will continue to decline. It has 122 observation points and a regression sum of squares at 316.87, which is the sum of squared deviations for the predicted Owens Corning price change compared to its average price change.

About Owens Corning Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Owens Corning on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Owens Corning based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Owens Corning stock first instead of the macroeconomic environment surrounding Owens Corning. By analyzing Owens Corning's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Owens Corning's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Owens Corning specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity0.640.80.690.61
Interest Coverage6.0111.4110.2711.08

Owens Corning June 28, 2022 Technical Indicators

Most technical analysis of Owens help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Owens from various momentum indicators to cycle indicators. When you analyze Owens charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Owens Corning June 28, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Owens stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. Note that the Owens Corning information on this page should be used as a complementary analysis to other Owens Corning's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Owens Stock analysis

When running Owens Corning price analysis, check to measure Owens Corning's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Corning is operating at the current time. Most of Owens Corning's value examination focuses on studying past and present price action to predict the probability of Owens Corning's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Owens Corning's price. Additionally, you may evaluate how the addition of Owens Corning to your portfolios can decrease your overall portfolio volatility.
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Is Owens Corning's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Corning. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Corning listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.53
Market Capitalization
7.5 B
Quarterly Revenue Growth YOY
0.23
Return On Assets
0.0961
Return On Equity
0.26
The market value of Owens Corning is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Corning's value that differs from its market value or its book value, called intrinsic value, which is Owens Corning's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Corning's market value can be influenced by many factors that don't directly affect Owens Corning's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Corning's value and its price as these two are different measures arrived at by different means. Investors typically determine Owens Corning value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Corning's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.