The Greedy Trader Weekly Analysis
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Electronic Components Industry Stocks Technical Analysis - GLW

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- 4/24/2026 -
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Corning Inc. (GLW) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
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It was a first positive week for the Corning Inc. (GLW). During the week, the GLW gained 11.51 points, or 7.00%, and closed at 175.89 on Friday, April 24, 2026. GLW was trading at average weekly trading volume.

Long-term trend: [See GLW long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 7.36 and reached 179.08 on April 24, 2026. GLW gained -171.72 points, or -2333.15%, in 909 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (28.23) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 uptrend had started on October 24, 2023 at 25.26 and reached 179.08 on April 24, 2026. GLW gained -153.82 points, or -608.95%, in 130 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (48.21) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

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

The weekly MACD line is above its signal line since January 23, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See GLW short-term trend chart]
A short-term uptrend had started on March 9, 2026 at 120.01 and reached 179.08 on April 24, 2026. GLW gained -59.07 points, or -49.22%, in 46 days. The price is now at the 5.40% retracement level.

Daily Technical Indicators: [See GLW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence.

The daily MACD line is above its signal line since April 23, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.83
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 57.65
Bearish
Greed/Fear Indicator (GFI) 74.20
Moving Average Converg./Diverg. (MACD) 8.68 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.45
Bearish
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 77.52
Bearish
Greed/Fear Indicator (GFI) 77.50
Moving Average Converg./Diverg. (MACD) 17.43 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 188.82
Price 175.89
Daily Stochastic Crossing 171.01
Weekly Stochastic Crossing 167.94
Parabolic System 162.73
20 Day Moving Average 159.22
50 Day Moving Average 146.16
Lower Bollinger Band 131.49
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Electronic Components 121
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 120.01
Low Date 03/09/2026
High 179.08
High Date 04/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 77.39
Low Date 11/21/2025
High 179.08
High Date 04/24/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.31
Low Date 04/07/2025
High 179.08
High Date 04/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 82.58
Support 48.21
Low 25.26
Low Date 10/24/2023
High 179.08
High Date 04/24/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 63.51
Support 28.23
Low 7.36
Low Date 11/21/2008
High 179.08
High Date 04/24/2026
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.