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Feb 28, 2019
Momentum shift and bullish signal for Owens Corning (OC)

Momentum shift and bullish signal for Owens Corning (OC)

Building materials provided Owens Corning (NYSE: OC) has seen a shift in its momentum in the past few months and it could be a good sign for the stock. It fell below its 50-day moving average in early February of last year and then had a hard time moving and staying above the trend line for more than a few days. The stock never got more than a few percentage points above the 50-day from February 2018 until this February.

The stock did dip a little in the past few weeks, but seems to be ready to turn higher again. The daily stochastic readings are in oversold territory and just made a bullish crossover on February 27. It also looks like the 50-day may be ready to act as support now.

The Tickeron AI Prediction tool generated a bullish signal on Owens Corning on February 26 and that is a prediction for a gain of at least 4% over the next month. The prediction had a confidence level of 67% and 70% of previous predictions have been successful.

Over the last three years Owens Corning has seen its earnings grow at a rate of 20% per year. The company saw earnings grow by 24% in the most recent quarterly report. During this same time period, sales have grown by 11% per year and they grew by 7% in the most recent quarter.

Related Ticker: OC

Contributor

Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.


Momentum Indicator for OC turns negative, indicating new downward trend

OC saw its Momentum Indicator move below the 0 level on August 19, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for OC moved out of overbought territory on August 12, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for OC turned negative on August 19, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OC broke above its upper Bollinger Band on August 07, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.103) is normal, around the industry mean (5.120). P/E Ratio (15.021) is within average values for comparable stocks, (35.240). Projected Growth (PEG Ratio) (1.513) is also within normal values, averaging (1.519). OC has a moderately high Dividend Yield (0.021) as compared to the industry average of (0.014). P/S Ratio (1.226) is also within normal values, averaging (2.457).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Johnson Controls International plc (NYSE:JCI), Owens Corning (NYSE:OC), Alpha Pro Tech Ltd (ASE:APT).

Industry description

The industry manufactures products used in the construction of residential and commercial buildings. The process involves using materials and other products, and processing them to create finished items such as doors, windows, light fittings, floor coverings, climate control products and other building components and home improvement products. Masco Corporation, Allegion PLC and Lennox International Inc. are major manufacturers of such products.

Market Cap

The average market capitalization across the Building Products Industry is 10.43B. The market cap for tickers in the group ranges from 14.02K to 99.77B. TT holds the highest valuation in this group at 99.77B. The lowest valued company is MTWD at 14.02K.

High and low price notable news

The average weekly price growth across all stocks in the Building Products Industry was 0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was -3%. UUU experienced the highest price growth at 86%, while MAIR experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Building Products Industry was 18%. For the same stocks of the Industry, the average monthly volume growth was -4% and the average quarterly volume growth was -17%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 52
Price Growth Rating: 58
SMR Rating: 69
Profit Risk Rating: 74
Seasonality Score: -38 (-100 ... +100)
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General Information

a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems

Industry BuildingProducts

Profile
Details
Industry
Construction Materials
Address
One Owens Corning Parkway
Phone
+1 419 248-8000
Employees
18000
Web
https://www.owenscorning.com
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