CORNING INC (GLW) Stock Technical Analysis
NYSE:GLW - New York Stock Exchange, Inc. - US2193501051 - Common Stock - Currency: USD
Overall GLW gets a technical rating of 10 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that GLW is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, GLW also shows a nice and consistent pattern of rising prices.
GLW is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. GLW outperforms 70% of them.
In the last month GLW has a been trading in the 42.00 - 49.22 range, which is quite wide. It is currently trading near the high of this range.
GLW has an average volume of 6388070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
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
39.83
54.80
3 important support areas can be observed.
- A support zone ranging from 47.99 to 48.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.75 to 45.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @40.23 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 54.26 to 54.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.27
Mansfield0.43
10 Day High49.22
10 Day Low44.83
20 Day High49.22
20 Day Low42
52 Week High55.33
52 Week Low35.4
Performance
1 Week2.49%
2 Weeks7.42%
1 Month12.12%
3 Month-6.43%
6 Month-0.7%
12 Month32.8%
2 Year56.38%
3 Year34.51%
5 Year111.41%
10 Year130.31%
15 Year176.42%
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)
Technical Indicators
MACD(12,26,9)0.34
RSI(14)65.4
LBB43.94
UBB49.29
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 |
|---|---|---|---|
| 49.23 | 47.98 | 1.25 (2.54%) | 25.00% |
| An entry @49.23. This is a Buy Stop order right above the 10 day high. | An exit @47.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.25 points, which is 2.54%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GLW. Please evaluate whether better entry and exit points can be found.
- 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.
48.18
+0.2 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.42%
1 Week2.49%
2 Weeks7.42%
1 Month12.12%
3 Month-6.43%
6 Month-0.7%
12 Month32.8%
2 Year56.38%
3 Year34.51%
5 Year111.41%
10 Year130.31%
15 Year176.42%
Volatility
ATR(14)1
ATR(20)%2.32%
ATR Inc5.78%
Range Today1.55
ADR(20)1
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.27
Mansfield0.43
10 Day High49.22
10 Day Low44.83
20 Day High49.22
20 Day Low42
52 Week High55.33
52 Week Low35.4
CS1 End48.17
CR1 Start54.26
Volume & EV
DER(3)2.09%
DER(5)2.55%
Volume11.40M
Volume Incr17.87%
Vol(5)5.92M
Vol(50)6.39M