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Electronic Components Industry Stocks Technical Analysis - GLW

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- 6/12/2026 -
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Corning Inc. (GLW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARTrend support at 175.19
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It was a first positive week for the Corning Inc. (GLW). During the week, the GLW climbed 1.62 points, or 0.91%, and closed at 179.20 on Friday, June 12, 2026. Weekly volume was 33% above 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 211.79 on May 13, 2026. GLW gained -204.43 points, or -2777.58%, in 911 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (28.39) 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 uptrend had started on October 24, 2023 at 25.26 and reached 211.79 on May 13, 2026. GLW gained -186.53 points, or -738.44%, in 133 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (49.37) 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 medium-term trend.

Weekly Technical Indicators: [See GLW weekly technical indicators chart]
Weekly technical indicators are neutral.

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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 21, 2025 at 77.39 and reached 211.79 on May 13, 2026. GLW gained -134.40 points, or -173.67%, in 173 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (175.19) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See GLW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 18, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.20
Williams' Percentage Range (W%R) 71.80
Lane's Stochastic (%D-Slow) 24.27
Greed/Fear Indicator (GFI) 31.89
Moving Average Converg./Diverg. (MACD) 2.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.03
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 70.93
Greed/Fear Indicator (GFI) 66.39
Moving Average Converg./Diverg. (MACD) 23.07
Trading Signals
Description Value Chart
Parabolic System 206.26
Upper Bollinger Band 201.50
Weekly Stochastic Crossing 189.91
20 Day Moving Average 185.13
Price 179.20
50 Day Moving Average 176.64
Weekly Trendline Support 175.19
Daily Stochastic Crossing 174.46
Lower Bollinger Band 163.70
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Electronic Components 94
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 211.79
High Date 05/13/2026
Low 166.00
Low Date 06/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 238.22
Support 175.19
Low 77.39
Low Date 11/21/2025
High 211.79
High Date 05/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.31
Low Date 04/07/2025
High 211.79
High Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 85.48
Support 49.37
Low 25.26
Low Date 10/24/2023
High 211.79
High Date 05/13/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 63.98
Support 28.39
Low 7.36
Low Date 11/21/2008
High 211.79
High Date 05/13/2026
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.