CORNING INC (GLW)
US2193501051 - Common Stock
Overall GLW gets a technical rating of 8 out of 10. In the last year, GLW was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that GLW is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, GLW also shows a nice and consistent pattern of rising prices.
GLW is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 78% of 127 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 4531590 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 46.38 - 50.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GLW has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 49.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GLW in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
37.63
50.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 46.25 to 47.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 49.57 to 49.77. 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
CRS89.61
Mansfield1.1
10 Day High49.07
10 Day Low46.38
20 Day High50
20 Day Low46.38
52 Week High51.03
52 Week Low29.71
Performance
1 Week0.29%
2 Weeks-0.97%
1 Month-0.75%
3 Month6.75%
6 Month23.29%
12 Month57.31%
2 Year49.97%
3 Year28.66%
5 Year64.55%
10 Year108.9%
15 Year148.06%
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)-0.16
RSI(14)50.39
LBB46.34
UBB49.78
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 |
|---|---|---|---|
| 49.78 | 46.37 | 3.41 (6.85%) | 14.60% |
| An entry @49.78. This is a Buy Stop order right above the resistance zone. | An exit @46.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.41 points, which is 6.85%. | For a 1.00% total portfolio risk, you can invest 14.60% of your capital in this trade. |
- 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.
CORNING INC
NYSE:GLW (12/24/2024, 8:17:13 PM)
After market: 47.9 0 (0%)47.9
+0.4 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.84%
1 Week0.29%
2 Weeks-0.97%
1 Month-0.75%
3 Month6.75%
6 Month23.29%
12 Month57.31%
2 Year49.97%
3 Year28.66%
5 Year64.55%
10 Year108.9%
15 Year148.06%
Volatility
ATR(14)1.01
ATR(20)%1.87%
ATR Inc-27.58%
Range Today0.86
ADR(20)0.88
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.61
Mansfield1.1
10 Day High49.07
10 Day Low46.38
20 Day High50
20 Day Low46.38
52 Week High51.03
52 Week Low29.71
CS1 End47.75
CR1 Start49.57
Volume & EV
DER(3)4.16%
DER(5)0.82%
Volume1.59M
Volume Incr20.85%
Vol(5)5.00M
Vol(50)4.53M