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Electronic Components Industry Stocks Technical Analysis - GLWArchive
- 4/17/2025 -
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Corning Inc. (GLW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Corning Inc. (GLW). During the week, the GLW climbed 0.26 points, or 0.63%, and closed at 41.52 on Thursday, April 17, 2025. GLW was trading at average weekly trading volume.
GLW is a member of Information Technology Sector. Information Technology is the most oversold 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 55.33 on January 29, 2025. GLW gained -47.97 points, or -651.77%, in 844 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 26.98 and resistance is at 60.02. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See GLW medium-term trend chart]
A medium-term downtrend had started on January 29, 2025 at 55.33 and reached 37.31 on April 7, 2025. GLW lost 18.02 points, or 32.57%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 35.89 and resistance is at 47.51. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GLW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 21, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 24, 2025 at 50.06 and reached 37.31 on April 7, 2025. GLW lost 12.75 points, or 25.47%, in 14 days. The price is now at the 33.02% retracement level.
Daily Technical Indicators: [See GLW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 28, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands is 140.47% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
1 |
| Industry |
Electronic Components |
37 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
37.31 |
| Low Date |
04/07/2025 |
| High |
43.94 |
| High Date |
04/09/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
50.06 |
| High Date |
03/24/2025 |
| Low |
37.31 |
| Low Date |
04/07/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
47.51 |
| Support |
35.89 |
| High |
55.33 |
| High Date |
01/29/2025 |
| Low |
37.31 |
| Low Date |
04/07/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.26 |
| Low Date |
10/24/2023 |
| High |
55.33 |
| High Date |
01/29/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
60.02 |
| Support |
26.98 |
| Low |
7.36 |
| Low Date |
11/21/2008 |
| High |
55.33 |
| High Date |
01/29/2025 |
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