CORNING INC (GLW) Technical Analysis
NYSE:GLW • US2193501051
Current stock price
151.9 USD
-1.15 (-0.75%)
At close:
151.26 USD
-0.64 (-0.42%)
After Hours:
GLW Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to GLW. Both in the recent history as in the last year, GLW has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 90% of 124 stocks in the same industry.
- GLW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GLW is lagging the market slightly.
- GLW has an average volume of 12459500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GLW has a been trading in the 136.34 - 179.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLW Weekly and Daily overview Charts
GLW Setup Rating and Analysis
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.
More info and screens
GLW Support and Resistance Analysis
99.14
176.92
We found 4 important support areas.
- A support zone ranging from 151.89 to 151.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 146.71 to 147.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @103.69 from a trend line in the weekly time frame.
- Support @100.14 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @175.17 from a horizontal line in the daily 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 | 97.69 | POSITIVE | GLW has a high relative strength, it outperformed 97.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GLW is below 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) | 46.07 | NEUTRAL | The RSI value for GLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.43 | NEGATIVE | The MACD value suggests GLW has a negative trend. |
| Stochastics (14,3) | 25.1 | NEUTRAL | The Stochastics value for GLW is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for GLW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.52 | NEUTRAL | The ADX value for GLW suggests a possible start of a new 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
151.9
-1.15 (-0.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.75%
1 Week-9.99%
2 Weeks-9.73%
1 Month11.72%
3 Month47.12%
6 Month70.52%
12 Month231.95%
2 Year355.06%
3 Year357.26%
5 Year243.59%
10 Year713.61%
15 Year625.41%
Volatility
ATR(14)8.97
ATR(20)%6.09%
ATR Inc44.85%
Range Today7.36
ADR(20)8.27
ADR(20)%5.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.69
3 months CRS96.63
6 months CRS96.58
Mansfield5.73
10 Day High179.08
10 Day Low148.17
20 Day High179.08
20 Day Low136.35
52 Week High179.08
52 Week Low44.33
CS1 End151.89
CR1 Start175.17
Volume & EV
DER(3)-1.98%
DER(5)-0.23%
Volume13.65M
Volume Incr16.94%
Vol(5)12.30M
Vol(50)12.46M
CORNING INC / GLW TA FAQ
What is the ChartMill technical rating of CORNING INC (GLW) stock?
ChartMill assigns a technical rating of 10 / 10 to GLW.
What is the current trend direction of CORNING INC (GLW) stock?
The current trend direction for CORNING INC (GLW) is Bullish.
Can you provide the RSI signal for CORNING INC?
CORNING INC (GLW) has an RSI value of 46.0705. This indicates that the stock is currently neutral.
What is the short term momentum for CORNING INC (GLW) stock?
The short term momentum for CORNING INC (GLW) is neutral.
What are the support and resistance levels for CORNING INC (GLW) stock?
CORNING INC (GLW) has a support level at 151.89 and a resistance level at 175.17. Check the full technical report for our detailed analysis of GLW support and resistance levels.