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Owens Corning Inc

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OC trade ideas

OC upper Tgt Met. Short to $139The original idea was long and the stock was chosen via dowsing. This isn't a name I usually follow, but anyway, it's accomplished the upside max that I had. Dowsing now has bearish energy, and lots of times these picks end up being significant moves in multiple directions, so I want to make a habit of following them after targets are met because this could be a high odds of a swing high. I get the number 39 a couple times, so I believe that's the target lower, $139. A newer thing I do is ask for a date from the past that it could trade into. I get 2 dates, Nov. 12th & 17th (from last year). Because I'm not real sure about this kind of guidance, and it's so much lower, I have those as potentials at the bottom end. I have repeatedly seen stocks hit the dates given, so I'd say it's likely, but might take awhile. I ask how long to reach $139 and am guided to get a date for exit. The date I get is 6/25, however, I do NOT have such confidence in this kind of guidance working as I expect. But, dates do often turn out to be significant in some way; often reversals of some kind. Hopefully, this will work out as well as the long idea.
NYSE:OCShort
by JenRz
OC long to $174+ May Watch for short thereWell, my dowsing gave me this on Sunday and it's going, so may as well post the target I have, which is 173.67. I tried for precision for practice. But in this zone. It may have a good move down after hitting this area because there's some bearish energy including reaching "very long term resistance". That may be the better trade, ultimately. I'll keep an eye on it. There is also a potential to $175-77 as those numbers came up as well. I did get a date of 4/24 fwiw.
NYSE:OCLong
by JenRz
OC, MACD Histogram just turned positiveThis is a Bullish indicator signaling OC's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 45 similar cases where OC's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 78%. Current price $69.61 is above $67.33 the highest support line found by Tickeron A.I. Throughout the month of 08/28/20 - 09/30/20, the price experienced a -0.52% Downtrend, while the week of 09/23/20 - 09/30/20 shows a +4% Uptrend. Bullish Trend Analysis The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 40 of 53 cases where OC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%. The Momentum Indicator moved above the 0 level on September 18, 2020. You may want to consider a long position or call options on OC as a result. In 63 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%. Following a +3.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in 237 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 66%. OC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 188 of 263 cases where OC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
NYSE:OCLong
by AlTorress
BUY to OWENS CORNING Hey traders, OWENS CORNING is in a fake bearish push with a large buying volume at the end of the session and a wick bear is formed. The TIMEFRAME 1Min shows a failed buyer's attempt, the stock collapses to reach the last low point. And turn around in its price increase, strong possibility of breaking out the consolidation zone. To go to the area after and join the last previous up the support that has just reached. Not enough buying force to get to the top of the consolidation zone, See TIMEFRAME in Daily. Please LIKE & FOLLOW, thank you!
NYSE:OCShort
by stephanelibatd
Owens Corning Benefits from ECO changeEntry level $63.50 Price target $75.00 Stop loss $60.00 Average analysts price target $63.62 Upgrades possible as price closes in on target Average analysts recommendation Overweight Short interest 6.2% P/E ratio 13.3 Very well valued Company profile Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber, and also includes vertically integrated downstream activities. The Insulation segment provides insulating products which help customers conserve energy; provide improved acoustical performance; and offer convenience of installation and use. The Roofing segment offers laminate and strip asphalt roofing shingles and other products including oxidized asphalt and roofing accessories. The company was founded on October 31, 1938 and is headquartered in Toledo, OH.
NYSE:OCLong
by Bullishcharts
OC 3 RRR longTrading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
NYSE:OCLong
by fiboracle