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 10/15/2019 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bearish

Technical indicators

72%

28%

My opinion

Neutral between 28.02 USD and 29.09 USD

My targets

My analysis

The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 29.09 USD. The first support is located at 28.02 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CORNING INC..

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 29.01 USD. The price is lower by -0.17% since the last closing with the lowest point at 28.75 USD and the highest point at 29.11 USD. The deviation from the price is +0.90% for the low point and -0.34% for the high point.

28.75

29.11

29.01

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CORNING INC. indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
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

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

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.35	27.08	28.02	29.01	29.09	32.13	32.91
Change (%)	-9.17%	-6.65%	-3.41%	-	+0.28%	+10.75%	+13.44%
Change	-2.66	-1.93	-0.99	-	+0.08	+3.12	+3.90
Level	Major	Major	Intermediate	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.72	28.10	28.58	28.96	29.44	29.82	30.30
Camarilla	28.82	28.90	28.98	29.06	29.14	29.22	29.30
Woodie	27.77	28.13	28.63	28.99	29.49	29.85	30.35
Fibonacci	28.10	28.43	28.63	28.96	29.29	29.49	29.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.46	26.29	27.68	28.51	29.89	30.72	32.11
Camarilla	28.45	28.65	28.86	29.06	29.26	29.47	29.67
Woodie	25.74	26.43	27.95	28.65	30.17	30.86	32.38
Fibonacci	26.29	27.14	27.66	28.51	29.35	29.88	30.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.96	24.87	26.70	28.61	30.44	32.35	34.18
Camarilla	27.49	27.83	28.18	28.52	28.86	29.21	29.55
Woodie	22.91	24.85	26.65	28.59	30.39	32.33	34.13
Fibonacci	24.87	26.30	27.19	28.61	30.04	30.93	32.35

Numerical data

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

Technical indicators

Moving averages

RSI (14):	56.83
MACD (12,26,9):	-0.0400
Directional Movement:	4.45
AROON (14):	42.86
DEMA (21):	28.10
Parabolic SAR (0,02-0,02-0,2):	26.80
Elder Ray (13):	0.70
Super Trend (3,10):	29.31
Zig ZAG (10):	29.01
VORTEX (21):	0.9500
Stochastique (14,3,5):	80.73
TEMA (21):	28.37
Williams %R (14):	-12.72
Chande Momentum Oscillator (20):	0.78
Repulse (5,40,3):	2.4800
ROCnROLL:	1
TRIX (15,9):	-0.0800
Courbe Coppock:	0.89

MA7:	28.19
MA20:	28.01
MA50:	28.13
MA100:	30.05
MAexp7:	28.38
MAexp20:	28.22
MAexp50:	28.74
MAexp100:	29.71
Price / MA7:	+2.91%
Price / MA20:	+3.57%
Price / MA50:	+3.13%
Price / MA100:	-3.46%
Price / MAexp7:	+2.22%
Price / MAexp20:	+2.80%
Price / MAexp50:	+0.94%
Price / MAexp100:	-2.36%

News

The last news published on CORNING INC. at the time of the generation of this analysis was as follows:

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

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