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 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.
In the last month GLW has a been trading in the 48.32 - 54.31 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, GLW did better than 92% of all other 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 85% of 124 stocks in the same industry.
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 5220110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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
39.29
54.80
We found 5 important support areas.
- A support zone ranging from 50.01 to 50.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.99 to 49.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.11 from a horizontal line in the weekly time frame.
- Support @46.25 from a horizontal line in the daily time frame.
- Support @39.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.25 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
CRS92
Mansfield1.2
10 Day High53.18
10 Day Low48.32
20 Day High54.31
20 Day Low48.32
52 Week High55.33
52 Week Low30.72
Performance
1 Week-2.6%
2 Weeks-3.76%
1 Month0.32%
3 Month3.04%
6 Month19.83%
12 Month54.55%
2 Year47.72%
3 Year24.13%
5 Year110.18%
10 Year105.53%
15 Year184.46%
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)-0.46
RSI(14)45.74
LBB48.94
UBB54.01
50.15
+1.15 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.35%
1 Week-2.6%
2 Weeks-3.76%
1 Month0.32%
3 Month3.04%
6 Month19.83%
12 Month54.55%
2 Year47.72%
3 Year24.13%
5 Year110.18%
10 Year105.53%
15 Year184.46%
Volatility
ATR(14)1.19
ATR(20)%2.6%
ATR Inc63.42%
Range Today1.94
ADR(20)1.24
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92
Mansfield1.2
10 Day High53.18
10 Day Low48.32
20 Day High54.31
20 Day Low48.32
52 Week High55.33
52 Week Low30.72
CS1 End50.04
CR1 Start54.25
Volume & EV
DER(3)0.39%
DER(5)-0.82%
Volume8.56M
Volume Incr0.76%
Vol(5)6.13M
Vol(50)5.22M