CORNING INC (GLW.DE) Stock Technical Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
Overall GLW gets a technical rating of 5 out of 10. In the past year, GLW was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Warning: GLW has an average volume of 581 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month GLW has a been trading in the 37.65 - 43.07 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that GLW is one of the better performing stocks in the market, outperforming 79% of all stocks. However, we also see that GLW couldn't keep up this performance in the last couple of months.
GLW is part of the Electronic Equipment, Instruments & Components industry. There are 51 other stocks in this industry, GLW did better than 70% of them.
GLW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GLW is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
GLW has an average technical rating and it also does not offer a high quality setup 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
43.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.56 to 39.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.76 from a trend line in the weekly time frame.
- A support zone ranging from 35.17 to 35.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.08 to 43.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for GLW.DE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLW.DE is up. |
| ChartMill Relative Strength | 79.8 | POSITIVE | GLW.DE has a high relative strength, it outperformed 79.8% 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) | DOWN | MIXED | The current price of GLW.DE is above a declining 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) | 62.74 | NEUTRAL | The RSI value for GLW.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests GLW.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.45 | OVERBOUGHT | The high Stochastics value suggests GLW.DE may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for GLW.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for GLW.DE suggests a weak or negative 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)
FRA:GLW (5/22/2025, 7:00:00 PM)
43.07
+0.2 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.45%
1 Week2.11%
2 Weeks8.86%
1 Month18.28%
3 Month-12.42%
6 Month-7.58%
12 Month27.94%
2 Year48.16%
3 Year29.38%
5 Year114.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%2.1%
ATR Inc6.96%
Range Today0.75
ADR(20)0.68
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.8
Mansfield0.08
10 Day High43.07
10 Day Low39.28
20 Day High43.07
20 Day Low37.65
52 Week High52.4
52 Week Low31.06
CS1 End39.95
CR1 Start43.08
Volume & EV
DER(3)0%
DER(5)0%
Volume277
Volume Incr-51.36%
Vol(5)172
Vol(50)581.02