Technical Analysis for GLW - Corning Incorporated

Grade Last Price % Change Price Change
B 44.32 -1.49% -0.67
GLW closed down 1.85 percent on Thursday, July 18, 2024, on 86 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: Jul 23
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
Wide Bands Range Expansion -1.49%
Overbought Stochastic Strength -1.49%
NR7 Range Contraction -3.32%
NR7-2 Range Contraction -3.32%
Narrow Range Bar Range Contraction -3.32%
Overbought Stochastic Strength -3.32%
Gapped Down Weakness -3.32%
New 52 Week Closing High Bullish -4.07%
Calm After Storm Range Contraction -4.07%
NR7 Range Contraction -4.07%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 6 hours ago
Fell Below Previous Day's Low about 6 hours ago
Down 1% about 6 hours ago
Fell Below 10 DMA about 7 hours ago
Down 1 ATR 1 day 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 46.39
52 Week Low 24.6118
Average Volume 7,855,259
200-Day Moving Average 32.15
50-Day Moving Average 38.43
20-Day Moving Average 41.79
10-Day Moving Average 44.51
Average True Range 1.05
RSI (14) 70.41
ADX 45.3
+DI 40.11
-DI 15.75
Chandelier Exit (Long, 3 ATRs) 43.23
Chandelier Exit (Short, 3 ATRs) 41.03
Upper Bollinger Bands 48.12
Lower Bollinger Band 35.46
Percent B (%b) 0.75
BandWidth 30.28
MACD Line 2.27
MACD Signal Line 1.95
MACD Histogram 0.3282
Fundamentals Value
Market Cap 38.38 Billion
Num Shares 853 Million
EPS 0.68
Price-to-Earnings (P/E) Ratio 66.16
Price-to-Sales 2.17
Price-to-Book 2.37
PEG Ratio 1.13
Dividend 1.12
Dividend Yield 2.49%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.81
Resistance 3 (R3) 46.87 46.34 46.50
Resistance 2 (R2) 46.34 45.87 46.30 46.40
Resistance 1 (R1) 45.66 45.59 45.40 45.60 46.30
Pivot Point 45.13 45.13 44.99 45.09 45.13
Support 1 (S1) 44.45 44.66 44.19 44.39 43.68
Support 2 (S2) 43.92 44.38 43.88 43.58
Support 3 (S3) 43.24 43.92 43.48
Support 4 (S4) 43.18