CORNING INC (GLW)
US2193501051 - Common Stock
Taking everything into account, GLW scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GLW is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, GLW did better than 90% of all other 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 86% of them.
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.
In the last month GLW has a been trading in the 45.83 - 51.03 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GLW has an average volume of 4645290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 48.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.79, a Stop Loss order could be placed below this zone.
More info and screens
36.70
49.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.89 to 46.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.07 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.73 to 49.04. 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
CRS90.05
Mansfield1.49
10 Day High49.4
10 Day Low45.83
20 Day High51.03
20 Day Low45.83
52 Week High51.03
52 Week Low27.57
Performance
1 Week1.68%
2 Weeks-0.79%
1 Month2.2%
3 Month14.07%
6 Month31.86%
12 Month69.65%
2 Year40.17%
3 Year28.98%
5 Year64.74%
10 Year127.59%
15 Year186.81%
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)-0.18
RSI(14)55.52
LBB46.09
UBB49.11
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 |
|---|---|---|---|
| 49.05 | 45.82 | 3.23 (6.59%) | 15.19% |
| An entry @49.05. This is a Buy Stop order right above the resistance zone. | An exit @45.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.23 points, which is 6.59%. | When investing 15.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (11/21/2024, 8:04:01 PM)
Premarket: 47.82 -0.02 (-0.04%)47.84
+0.49 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg1.03%
1 Week1.68%
2 Weeks-0.79%
1 Month2.2%
3 Month14.07%
6 Month31.86%
12 Month69.65%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.96
ATR(20)%2.41%
ATR Inc
Range Today0.88
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High49.4
10 Day Low45.83
20 Day High51.03
20 Day Low45.83
52 Week High51.03
52 Week Low27.57
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.35M
Volume Incr-17.48%
Vol(5)4.20M
Vol(50)4.65M