Technical Analysis for GLW - Corning Incorporated

Grade Last Price % Change Price Change
D 30.32 0.86% 0.26
GLW closed up 0.86 percent on Thursday, September 28, 2023, on 85 percent of normal volume. 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.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 0.86%
Multiple of Ten Bullish Other 0.86%
Gapped Up Strength 0.86%
Below Lower BB Weakness 0.86%
Down 3 Days in a Row Weakness 0.86%
Lower Bollinger Band Touch Weakness 0.86%
Oversold Stochastic Weakness 0.86%

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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 Crystals Laboratory Products Equipment Products Glass Various Technologies Communications Industry Lcd Television Glass Production Optical Materials Telecommunications Segment Corning Environmental Technologies 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 36.16
52 Week Low 28.2457
Average Volume 3,417,397
200-Day Moving Average 32.89
50-Day Moving Average 32.12
20-Day Moving Average 31.40
10-Day Moving Average 31.02
Average True Range 0.50
RSI (14) 34.64
ADX 24.78
+DI 14.62
-DI 33.62
Chandelier Exit (Long, 3 ATRs) 31.77
Chandelier Exit (Short, 3 ATRs) 31.38
Upper Bollinger Bands 32.84
Lower Bollinger Band 29.96
Percent B (%b) 0.13
BandWidth 9.18
MACD Line -0.49
MACD Signal Line -0.38
MACD Histogram -0.1106
Fundamentals Value
Market Cap 23.16 Billion
Num Shares 764 Million
EPS 0.26
Price-to-Earnings (P/E) Ratio 118.90
Price-to-Sales 2.75
Price-to-Book 2.74
PEG Ratio 1.54
Dividend 0.88
Dividend Yield 2.90%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.99
Resistance 3 (R3) 30.96 30.71 30.88
Resistance 2 (R2) 30.71 30.54 30.73 30.84
Resistance 1 (R1) 30.52 30.43 30.61 30.54 30.81
Pivot Point 30.26 30.26 30.31 30.28 30.26
Support 1 (S1) 30.07 30.09 30.17 30.10 29.83
Support 2 (S2) 29.81 29.99 29.83 29.80
Support 3 (S3) 29.62 29.81 29.76
Support 4 (S4) 29.65