CORNING INC (GLW.DE) Stock Technical Analysis
FRA:GLW - Deutsche Boerse Ag - US2193501051 - Common Stock - Currency: EUR
Overall GLW gets a technical rating of 8 out of 10. In the last year, GLW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Warning: GLW has an average volume of 373 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GLW is one of the better performing stocks in the market, outperforming 75% of all stocks.
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.
GLW is part of the Electronic Equipment, Instruments & Components industry. There are 50 other stocks in this industry, GLW did better than 69% 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.
GLW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 43.72, a Stop Loss order could be placed below this zone.
More info and screens
34.82
46.56
3 important support areas can be observed.
- A support zone ranging from 43.41 to 43.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.32 from a trend line in the weekly time frame.
- Support @35.17 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 44.04 to 44.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.10 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 | 75.59 | POSITIVE | GLW.DE has a high relative strength, it outperformed 75.59% 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) | 58.03 | NEUTRAL | The RSI value for GLW.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests GLW.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.46 | NEUTRAL | The Stochastics value for GLW.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for GLW.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 18.42 | 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)
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 |
|---|---|---|---|
| 44.92 | 43.40 | 1.52 (3.38%) | 25.00% |
| An entry @44.92. This is a Buy Stop order right above the resistance zone. | An exit @43.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.52 points, which is 3.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- 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 (6/18/2025, 7:00:00 PM)
43.935
-0.01 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.02%
1 Week0.15%
2 Weeks-2.16%
1 Month2.77%
3 Month-2.86%
6 Month-0.82%
12 Month16.62%
2 Year37.08%
3 Year44.93%
5 Year90.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.72
ATR(20)%1.66%
ATR Inc-12.19%
Range Today0.57
ADR(20)0.51
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.59
Mansfield-0.05
10 Day High45.23
10 Day Low43.1
20 Day High45.23
20 Day Low41.78
52 Week High52.4
52 Week Low31.06
CS1 End43.72
CR1 Start44.04
Volume & EV
DER(3)0%
DER(5)0%
Volume2
Volume Incr-10.04%
Vol(5)130.8
Vol(50)373.46