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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Owens Corning Inc (OC)
Industry: Building Products & Equipment
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, OC has been trading in a range between $181.59 and $164.78 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
OC is trading below resistance at $181.59, about 1% to the upside. There is support at $174.22 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Owens Corning Inc $OC entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $159.54, a potential down side of -11.41% from the recent price of 180.09. The stock is trading 1.83% (potential upside) below its 52 week high of $183.38 and 65.69 % (potential downside) above its 52 week low of $108.69 - based on the recent price.
Company Summary
Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.
News
| Owens Corning Inc (OC) Is a Trending Stock: Facts to Know Before Betting on It Owens Corning (OC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock. Source: Zacks Investment Research Thu, 25 Jul 2024 10:01:50 -0400 Sentiment: Positive |
| Owens Corning (OC) Ascends While Market Falls: Some Facts to Note Owens Corning (OC) reachead $174.39 at the closing of the latest trading day, reflecting a +0.77% change compared to its last close. Source: Zacks Investment Research Thu, 18 Jul 2024 19:05:50 -0400 Sentiment: Neutral |
| Bet on These 3 Stocks With Upgraded Broker Ratings Right Now Brokers have deeper insights into stocks and macroeconomic factors. So, one should follow broker rating upgrades to pick stocks like Republic Services (RSG), Itron (ITRI) and Owens Corning (OC). Source: Zacks Investment Research Tue, 16 Jul 2024 08:26:32 -0400 Sentiment: Positive |
| Our Top 10 Dividend Growth Stocks: July 2024 This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy. Source: Seeking Alpha Sat, 13 Jul 2024 09:00:00 -0400 Sentiment: Positive |
| Are Investors Undervaluing Owens Corning (OC) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Source: Zacks Investment Research Thu, 11 Jul 2024 10:47:04 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 183.3779 52 Week Low: 108.689 Beta: 1.413 50 Day MA: 175.5318 200 Day MA: 155.0335 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.185 Qtr Revenue Growth YOY: -0.013 Forward PE: 12.1655 Trailing PE: 14.2061