CORNING INC (GLW.DE) Stock Technical Analysis
Europe - FRA:GLW - US2193501051 - Common Stock
71.95 EUR
-2.55 (-3.42%)
We assign a technical rating of 10 out of 10 to GLW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLW is showing a nice and steady performance.
Warning: GLW has an average volume of 4599 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GLW did better than 96% of all other stocks.
GLW is part of the Electronic Equipment, Instruments & Components industry. There are 56 other stocks in this industry. GLW outperforms 96% of them.
GLW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
GLW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although GLW has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.82
75.58
When analyzing the support we can see 4 important areas.
- A support zone ranging from 71.14 to 71.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.98 from a trend line in the daily time frame.
- Support @39.74 from a trend line in the weekly time frame.
- Support @35.17 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @74.83 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GLW.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLW.DE is up. |
| ChartMill Relative Strength | 96.46 | POSITIVE | GLW.DE has a high relative strength, it outperformed 96.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLW.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLW.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLW.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.9 | NEUTRAL | The RSI value for GLW.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests GLW.DE has a negative trend. |
| Stochastics (14,3) | 69.57 | NEUTRAL | The Stochastics value for GLW.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GLW.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 56.4 | POSITIVE | The high ADX value value for GLW.DE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 73.53 | 71.76 | 1.77 (2.41%) | 25.00% |
| An entry @73.53. This is a Buy Stop order right above the 10 day moving average. | An exit @71.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.77 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:GLW (10/17/2025, 7:00:00 PM)
71.95
-2.55 (-3.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.42%
1 Week-1.28%
2 Weeks0.86%
1 Month7.07%
3 Month54.9%
6 Month97.04%
12 Month68.74%
2 Year184.73%
3 Year123.97%
5 Year164.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.73
ATR(20)%2.13%
ATR Inc15.36%
Range Today2.15
ADR(20)1.25
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.46
Mansfield3.45
10 Day High75.77
10 Day Low71.77
20 Day High75.77
20 Day Low66.44
52 Week High75.77
52 Week Low31.93
CS1 End71.94
CR1 Start74.83
Volume & EV
DER(3)0%
DER(5)0%
Volume647
Volume Incr232.51%
Vol(5)1.36K
Vol(50)4.60K