CORNING INC (GLW) Technical Analysis
NYSE:GLW • US2193501051
Current stock price
172.82 USD
-2.35 (-1.34%)
At close:
172.4 USD
-0.42 (-0.24%)
Pre-Market:
GLW Technical Rating and Analysis
Overall GLW gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GLW is one of the better performing stocks in the market, outperforming 98% 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 124 other stocks in this industry. GLW outperforms 93% of them.
- GLW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GLW has a been trading in the 123.90 - 176.75 range, which is quite wide. It is currently trading near the high of this range.
- GLW has an average volume of 12768200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
100.38
174.55
3 important support areas can be observed.
- A support zone ranging from 136.63 to 138.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @123.29 from a horizontal line in the daily time frame.
- A support zone ranging from 101.39 to 102.31. 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 | UP | POSITIVE | The short term trend for GLW is up. |
| ChartMill Relative Strength | 98.58 | POSITIVE | GLW has a high relative strength, it outperformed 98.58% 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) | 68.97 | NEUTRAL | The RSI value for GLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.59 | POSITIVE | The MACD value suggests GLW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.66 | OVERBOUGHT | The high Stochastics value suggests GLW may be overbought. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for GLW suggests high volalility. |
| Average Directional Index/ADX (14) | 21.77 | 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
172.82
-2.35 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.34%
1 Week16.36%
2 Weeks34.44%
1 Month30.87%
3 Month83.46%
6 Month104.55%
12 Month316.23%
2 Year417.74%
3 Year420.23%
5 Year290.91%
10 Year825.66%
15 Year725.31%
Volatility
ATR(14)9.47
ATR(20)%5.57%
ATR Inc-25.13%
Range Today8.89
ADR(20)8.67
ADR(20)%5.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.58
3 months CRS98.88
6 months CRS98.11
Mansfield9.1
10 Day High176.75
10 Day Low128.4
20 Day High176.75
20 Day Low123.9
52 Week High176.75
52 Week Low40.16
CS1 End138.49
CR1 StartN/A
Volume & EV
DER(3)1.41%
DER(5)1.76%
Volume9.21M
Volume Incr-12.45%
Vol(5)10.71M
Vol(50)12.77M
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 68.9658. 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 positive.
What are the support and resistance levels for CORNING INC (GLW) stock?
CORNING INC (GLW) has a support level at 138.49. Check the full technical report for our detailed analysis of GLW support and resistance levels.