CORNING INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	GLW
ISIN:

CORNING INC. - Daily - Technical analysis published on 06/27/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 32.90 USD

My targets

33.78 USD (+2.18%)

35.05 USD (+6.02%)

My analysis

CORNING INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 32.90 USD. The next resistance located at 33.78 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 35.05 USD. After this resistance, buyers could then target 36.13 USD.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORNING INC. price is 33.06 USD. The price has increased by +0.76% since the last closing with the lowest point at 32.98 USD and the highest point at 33.46 USD. The deviation from the price is +0.24% for the low point and -1.20% for the high point.

32.98

33.46

33.06

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CORNING INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CORNING INC. in Daily shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31.41	32.13	32.90	33.06	33.78	35.05	36.13
Change (%)	-4.99%	-2.81%	-0.48%	-	+2.18%	+6.02%	+9.29%
Change	-1.65	-0.93	-0.16	-	+0.72	+1.99	+3.07
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	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	32.19	32.48	32.64	32.93	33.09	33.38	33.54
Camarilla	32.69	32.73	32.77	32.81	32.85	32.89	32.93
Woodie	32.13	32.45	32.58	32.90	33.03	33.35	33.49
Fibonacci	32.48	32.65	32.75	32.93	33.10	33.20	33.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.27	30.10	31.68	32.51	34.09	34.92	36.50
Camarilla	32.59	32.81	33.03	33.25	33.47	33.69	33.91
Woodie	29.64	30.29	32.04	32.70	34.46	35.11	36.87
Fibonacci	30.10	31.02	31.59	32.51	33.43	34.00	34.92

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):	66.93
MACD (12,26,9):	0.6400
Directional Movement:	14.77
AROON (14):	100.00
DEMA (21):	32.43
Parabolic SAR (0,02-0,02-0,2):	32.44
Elder Ray (13):	1.04
Super Trend (3,10):	31.36
Zig ZAG (10):	33.06
VORTEX (21):	1.1900
Stochastique (14,3,5):	87.20
TEMA (21):	33.29
Williams %R (14):	-12.66
Chande Momentum Oscillator (20):	2.12
Repulse (5,40,3):	-1.0500
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	18.75

MA7:	32.93
MA20:	31.27
MA50:	31.39
MA100:	32.66
MAexp7:	32.71
MAexp20:	31.78
MAexp50:	31.63
MAexp100:	31.85
Price / MA7:	+0.39%
Price / MA20:	+5.72%
Price / MA50:	+5.32%
Price / MA100:	+1.22%
Price / MAexp7:	+1.07%
Price / MAexp20:	+4.03%
Price / MAexp50:	+4.52%
Price / MAexp100:	+3.80%

News

Don"t forget to follow the news on CORNING INC.. At the time of publication of this analysis, the latest news was as follows:

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

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