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Uptrend SupportArchive
- 4/25/2025 -
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Corning Inc. (GLW) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Corning Inc. (GLW). During the week, the GLW gained 2.66 points, or 6.41%, and closed at 44.18 on Friday, April 25, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was -6% below average.
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 27.01 and resistance is at 60.09. 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 34.66 and resistance is at 46.81. 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, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 7, 2025 at 37.31 and reached 44.43 on April 23, 2025. GLW gained -7.12 points, or -19.08%, in 16 days. Price is near the trend high.
Daily Technical Indicators: [See GLW daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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