CORNING INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GLW
ISIN:

CORNING INC. - Daily - Technical analysis published on 03/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 39.47 USD

My targets

43.19 USD (+4.62%)

My analysis

The bullish trend is currently very strong on CORNING INC.. As long as the price remains above the support at 39.47 USD, you could try to benefit from the boom. The first bullish objective is located at 43.19 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by renierlemmens. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORNING INC. price is 41.28 USD. On the day, this instrument lost -0.29% and was traded between 40.58 USD and 41.85 USD over the period. The price is currently at +1.72% from its lowest and -1.36% from its highest.

40.58

41.85

41.28

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CORNING INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	31.77	36.13	39.47	41.28	41.59
Change (%)	-23.04%	-12.48%	-4.38%	-	+0.75%
Change	-9.51	-5.15	-1.81	-	+0.31
Level	Intermediate	Major	Intermediate	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.35	39.97	40.62	41.24	41.89	42.51	43.16
Camarilla	40.93	41.05	41.16	41.28	41.40	41.51	41.63
Woodie	39.38	39.98	40.65	41.25	41.92	42.52	43.19
Fibonacci	39.97	40.45	40.75	41.24	41.72	42.02	42.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.43	39.51	40.39	41.47	42.35	43.43	44.31
Camarilla	40.74	40.92	41.10	41.28	41.46	41.64	41.82
Woodie	38.34	39.46	40.30	41.42	42.26	43.38	44.22
Fibonacci	39.51	40.26	40.72	41.47	42.22	42.68	43.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.57	33.97	36.11	37.51	39.65	41.05	43.19
Camarilla	37.27	37.59	37.92	38.24	38.57	38.89	39.21
Woodie	32.93	34.16	36.47	37.70	40.01	41.24	43.55
Fibonacci	33.97	35.33	36.16	37.51	38.87	39.70	41.05

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	64.89
MACD (12,26,9):	1.0700
Directional Movement:	15.86
AROON (14):	64.29
DEMA (21):	40.78
Parabolic SAR (0,02-0,02-0,2):	37.59
Elder Ray (13):	1.13
Super Trend (3,10):	38.51
Zig ZAG (10):	41.28
VORTEX (21):	1.0800
Stochastique (14,3,5):	85.95
TEMA (21):	41.39
Williams %R (14):	-19.24
Chande Momentum Oscillator (20):	2.69
Repulse (5,40,3):	0.8600
ROCnROLL:	1
TRIX (15,9):	0.3000
Courbe Coppock:	14.15

MA7:	41.05
MA20:	39.15
MA50:	37.87
MA100:	36.73
MAexp7:	40.80
MAexp20:	39.49
MAexp50:	38.15
MAexp100:	36.57
Price / MA7:	+0.56%
Price / MA20:	+5.44%
Price / MA50:	+9.00%
Price / MA100:	+12.39%
Price / MAexp7:	+1.18%
Price / MAexp20:	+4.53%
Price / MAexp50:	+8.20%
Price / MAexp100:	+12.88%

Quotes : 2021-03-19 19:59:59 - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on CORNING INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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