Technical Analysis for GLW - Corning Incorporated

Grade Last Price % Change Price Change
C 30.91 -0.23% -0.07
GLW closed down 0.23 percent on Thursday, April 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: Apr 23
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Cup with Handle Other 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Cup with Handle Other -0.23%
Lower Bollinger Band Walk Weakness -0.23%
Below Lower BB Weakness -0.23%
Lower Bollinger Band Touch Weakness -0.23%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 18 hours ago
Possible NR7 about 18 hours ago
Rose Above Lower Bollinger Band about 22 hours ago
Fell Below Previous Day's Low about 22 hours ago
Possible NR7 2 days ago

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Profile

Corning Incorporated Description

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) that are used in notebook computers, flat panel desktop monitors, and LCD televisions. The Telecommunications segment produces optical fiber and cable, and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures and pedestals, splice and test equipment, and accessories for optical connectivity to the telecommunications industry. This segment offers optical fiber technology products various applications, including premises, fiber-to-the-home access, metropolitan, long haul, and submarine networks. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications. The Specialty Materials segment manufactures products that provide approximately 150 material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment develops, manufactures, and supplies scientific laboratory products, such as general labware and equipment, as well as media and reagents for cell culture, genomics, drug discovery, microbiology, and chemistry. It also develops and produces various technologies, including the Corning Epic technology for screening; the Corning HYPER platform of vessels for cell yields; Corning CellBIND Surface; Corning Osteo Assay surface and Corning Synthemax II Surface; and Corning Microcarriers for cell scale-up, therapy, and vaccine applications. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is based in Corning, New York.


Classification

Sector: Technology
Industry: Electronic Components
Keywords: S&P 500 Drug Discovery Fiber Optics Technology Products Telecommunications Equipment Optical Fiber Ceramic Liquid Crystal Display Vision Test Equipment Notebook Computer Glass Crystals Laboratory Products Various Technologies Equipment Products Glass Production Communications Industry Lcd Television Optical Materials Telecommunications Segment Corning Filter Products Mobile And Stationary Applications Telecommunications Industry

Is GLW a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 35.0578
52 Week Low 24.7997
Average Volume 4,374,920
200-Day Moving Average 30.67
50-Day Moving Average 32.23
20-Day Moving Average 32.18
10-Day Moving Average 31.71
Average True Range 0.55
RSI (14) 35.06
ADX 14.76
+DI 14.85
-DI 26.56
Chandelier Exit (Long, 3 ATRs) 31.70
Chandelier Exit (Short, 3 ATRs) 32.36
Upper Bollinger Bands 33.54
Lower Bollinger Band 30.82
Percent B (%b) 0.03
BandWidth 8.45
MACD Line -0.34
MACD Signal Line -0.14
MACD Histogram -0.2037
Fundamentals Value
Market Cap 26.37 Billion
Num Shares 853 Million
EPS 0.68
Price-to-Earnings (P/E) Ratio 45.46
Price-to-Sales 2.17
Price-to-Book 2.37
PEG Ratio 1.13
Dividend 1.12
Dividend Yield 3.62%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.53
Resistance 3 (R3) 31.53 31.33 31.42
Resistance 2 (R2) 31.33 31.17 31.33 31.39
Resistance 1 (R1) 31.12 31.08 31.02 31.12 31.35
Pivot Point 30.92 30.92 30.87 30.92 30.92
Support 1 (S1) 30.71 30.76 30.61 30.71 30.47
Support 2 (S2) 30.51 30.67 30.51 30.43
Support 3 (S3) 30.30 30.51 30.40
Support 4 (S4) 30.30