CORNING INC (GLW) Technical Analysis
NYSE:GLW • US2193501051
Current stock price
142.01 USD
+11.04 (+8.43%)
At close:
144.709 USD
+2.7 (+1.9%)
After Hours:
GLW Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to GLW. 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, GLW did better than 98% of all other 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 91% 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 12061800 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 120.01 - 162.10 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 offer a high quality setup 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
93.36
143.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 122.93 to 123.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 97.92 to 98.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 94.30 to 95.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 98.04 | POSITIVE | GLW has a high relative strength, it outperformed 98.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GLW is above 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) | 57.78 | NEUTRAL | The RSI value for GLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.07 | NEGATIVE | The MACD value suggests GLW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.25 | NEUTRAL | The Stochastics value for GLW is a neutral value. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for GLW suggests high volalility. |
| Average Directional Index/ADX (14) | 20.35 | 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
142.01
+11.04 (+8.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg8.43%
1 Week9.33%
2 Weeks4.25%
1 Month-6.32%
3 Month58.55%
6 Month78.97%
12 Month209.66%
2 Year330.86%
3 Year302.52%
5 Year226.39%
10 Year579.8%
15 Year588.37%
Volatility
ATR(14)9.17
ATR(20)%6.88%
ATR Inc40.56%
Range Today15.24
ADR(20)8.61
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.04
3 months CRS97.69
6 months CRS97.46
Mansfield8
10 Day High145.5
10 Day Low123.9
20 Day High162.1
20 Day Low120.01
52 Week High162.1
52 Week Low37.31
CS1 End123.28
CR1 StartN/A
Volume & EV
DER(3)1.11%
DER(5)1.55%
Volume21.06M
Volume Incr15.17%
Vol(5)15.70M
Vol(50)12.06M
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 57.7804. 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 -1.06616, indicating a bearish trend.