CORNING INC (GLW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GLW - US2193501051 - Common Stock
Taking everything into account, GLW scores 9 out of 10 in our technical rating. 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.
Although GLW has an excellent technical rating, it does not present a decent entry opportunity 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.
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44.24
We found 5 important support areas.
- A support zone ranging from 83.13 to 84.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.16 to 81.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.03 to 79.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.34 from a trend line in the daily time frame.
- Support @44.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.08 to 90.29. 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 | UP | POSITIVE | The long term trend for GLW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLW is up. |
| ChartMill Relative Strength | 93.06 | POSITIVE | GLW has a high relative strength, it outperformed 93.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLW is above the rising 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) | 60.56 | NEUTRAL | The RSI value for GLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests GLW has a positive trend. |
| Stochastics (14,3) | 85.32 | OVERBOUGHT | The high Stochastics value suggests GLW may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for GLW suggests some volalility. |
| Average Directional Index/ADX (14) | 14.4 | NEGATIVE | The low ADX value for GLW suggests a weak or negative trend. |
88.27
+2.3 (+2.68%)
CORNING INC / GLW FAQ
What is the ChartMill technical rating of CORNING INC (GLW) stock?
ChartMill assigns a technical rating of 9 / 10 to GLW.
Can you provide the trend direction for CORNING INC?
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 60.5617. This indicates that the stock is currently neutral.
What is the buy/sell signal for GLW stock?
The buy/sell signal for CORNING INC (GLW) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CORNING INC?
CORNING INC (GLW) has a support level at 84.96 and a resistance level at 89.08. Check the full technical report for our detailed analysis of GLW support and resistance levels.