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Electronic Components Industry Stocks Technical Analysis - GLW

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- 10/23/2026 -
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Corning Inc. (GLW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic and MACD bullish divergenceBullish Doji Candlestick
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It was the negative week for the Corning Inc. (GLW). During the week, the GLW dropped -8.31 points, or -6.30%, and closed at 123.69 on Friday, October 23, 2026. Weekly volume was -21% below average.

GLW is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GLW long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 7.36 and reached 271.78 on June 30, 2026. GLW gained -264.42 points, or -3592.66%, in 918 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (39.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See GLW medium-term trend chart]
A medium-term downtrend had started on June 30, 2026 at 271.78 and reached 114.50 on July 28, 2026. GLW lost 157.28 points, or 57.87%, in 4 weeks. The price is now at the 5.84% retracement level.

Weekly Technical Indicators: [See GLW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 10, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See GLW short-term trend chart]
A short-term downtrend had started on September 9, 2026 at 171.30 and reached 121.80 on October 23, 2026. GLW lost 49.50 points, or 28.90%, in 44 days. Price is near the trend low.

Daily Technical Indicators: [See GLW daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since October 9, 2026. This is an indication that the short-term trend is down.

Candlestick pattern: [See GLW candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.19
Williams' Percentage Range (W%R) 96.00
Strong Oversold
Lane's Stochastic (%D-Slow) 10.93
Oversold Bullish
Greed/Fear Indicator (GFI) 13.38
Oversold
Moving Average Converg./Diverg. (MACD) -4.67 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.65
Williams' Percentage Range (W%R) 94.10
Strong Oversold
Lane's Stochastic (%D-Slow) 41.99
Greed/Fear Indicator (GFI) 32.00
Moving Average Converg./Diverg. (MACD) 4.13 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 169.79
50 Day Moving Average 151.21
20 Day Moving Average 147.23
Parabolic System 139.47
Weekly Stochastic Crossing 139.40
Daily Stochastic Crossing 124.92
Price 123.69
Lower Bollinger Band 115.51
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Electronic Components 29
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 171.30
High Date 09/09/2026
Low 121.80
Low Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 176.94
High Date 08/17/2026
Low 121.80
Low Date 10/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 271.78
High Date 06/30/2026
Low 114.50
Low Date 07/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.26
Low Date 10/24/2023
High 271.78
High Date 06/30/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 54.56
Support 39.88
Low 7.36
Low Date 11/21/2008
High 271.78
High Date 06/30/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.