CORNING INC (GLW) Technical Analysis
NYSE:GLW • US2193501051
Current stock price
129.12 USD
-0.65 (-0.5%)
At close:
128.75 USD
-0.37 (-0.29%)
After Hours:
GLW Technical Rating and Analysis
Taking everything into account, GLW scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month GLW has a been trading in the 120.01 - 162.10 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that GLW is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by GLW over the past year are nicely spread over this period.
- GLW is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. GLW outperforms 89% of them.
- GLW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GLW is performing more or less in line with the market.
- GLW has an average volume of 10888600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GLW Weekly and Daily overview Charts
GLW Setup Rating and Analysis
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
GLW Support and Resistance Analysis
91.72
130.41
We found 4 important support areas.
- Support @128.30 from a trend line in the daily time frame.
- A support zone ranging from 123.29 to 123.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 95.62 to 96.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.65 from a trend line in the weekly time frame.
GLW Technical Indicator Signal Analysis
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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GLW is neutral. |
| ChartMill Relative Strength | 97.53 | POSITIVE | GLW has a high relative strength, it outperformed 97.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.48 | NEUTRAL | The RSI value for GLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.52 | NEGATIVE | The MACD value suggests GLW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.25 | NEUTRAL | The Stochastics value for GLW is a neutral value. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for GLW suggests high volalility. |
| Average Directional Index/ADX (14) | 29.46 | POSITIVE | The high ADX value value for GLW suggests a strong trend. |
GLW Chart- and CandleStick Pattern Analysis
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)
GLW Technicals: Chart, Performance Metrics, Trend & Indicators
129.12
-0.65 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.5%
1 Week4.73%
2 Weeks-14.14%
1 Month-1.81%
3 Month46.2%
6 Month67.6%
12 Month176.19%
2 Year291.75%
3 Year265.99%
5 Year196.76%
10 Year518.1%
15 Year525.89%
Volatility
ATR(14)9.79
ATR(20)%7.03%
ATR Inc-53.98%
Range Today4.79
ADR(20)8.03
ADR(20)%6.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.53
3 months CRS97.19
6 months CRS96.19
Mansfield6.78
10 Day High160.45
10 Day Low120.01
20 Day High162.1
20 Day Low120.01
52 Week High162.1
52 Week Low37.31
CS1 End128.3
CR1 StartN/A
Volume & EV
DER(3)-1.07%
DER(5)0.89%
Volume6.67M
Volume Incr-12.57%
Vol(5)12.17M
Vol(50)10.89M
CORNING INC / GLW TA FAQ
What is the ChartMill technical rating of CORNING INC (GLW) stock?
ChartMill assigns a technical rating of 9 / 10 to GLW.
What is the current trend direction of CORNING INC (GLW) stock?
The current trend direction for CORNING INC (GLW) is Bullish.
What is the RSI signal for CORNING INC (GLW) stock?
CORNING INC (GLW) has an RSI value of 48.4787. This indicates that the stock is currently neutral.
What is the MACD signal for GLW stock?
The MACD indicator for CORNING INC (GLW) has a value of -3.52142, indicating a bearish trend.