Bearish Head and Shoulders Breakdown on Corning (GLW)Corning (GLW) has formed a classic Head and Shoulders pattern on the daily chart, signaling a potential trend reversal. The neckline has been broken, confirming the bearish setup.
🔻 Entry: Breakdown below the neckline
🔴 Stop Loss: 53.53 (above the right shoulder)
✅ Target: 44.87 (measured move projection)
Volume is increasing on the breakdown, adding conviction to the bearish bias. Traders should watch for further downside confirmation.
GLW trade ideas
Corning (GLW) Technical Analysis: Potential Buy OpportunityCorning (GLW) just crushed earnings expectations (pre-market yesterday, Jan 29th!), and the charts are looking interesting. The stock's respecting a solid uptrend line, and the RSI's confirming the positive momentum. We might see a little dip to fill that recent gap and retest the trendline (perfect for a second buying opportunity!), but the overall picture looks bullish. I'm eyeing entry points at the price 50.3 and 47.5 if it pulls back. Stop-loss below 45.5 (a closing basis, of course) is a must – it's sitting nicely below the previous swing low and weekly support. First target's 54.5, but I'm letting the rest ride for potentially bigger gains. Think GLW's got more room to run? Let's see! Happy trading!
Can Anything Stop Corning?Fiber-optic stock Corning has accelerated since the spring thanks to AI demand. Some trend followers may see an opportunity in its latest pullback.
The first pattern on today’s chart is the series of higher lows since August. The 8-day exponential moving average (EMA) has remained above the 21-day EMA for most of that time, which may confirm its uptrend.
Second is the bullish price gap on October 29 after results beat estimates. That pushed GLW to its highest level since the dotcom bubble.
Third, the stock has pulled back to test its previous close. It’s also near the $46.50 price zone where GLW consolidated last month. Has old resistance become new support?
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Corning Incorporated (GLW) Weekly Breakout Alert!GLW has been building a strong base, showing consistent gains recently and breaking out above significant resistance on the weekly chart. 20-Day, 9-day and 50-day EMA's are aligned in the bullish formation.
Prediction: If GLW sustains above this new support, we could see a move towards the next resistance level around $55.
Trade Idea -- Corning Incorporated (GLW)Corning Incorporated (GLW) is approaching a key resistance level, as shown in the chart with a narrowing descending triangle pattern. A breakout above the current consolidation range could signal a continuation of the upward trend, particularly if supported by increasing volume. Monitoring momentum and the stock’s interaction with key moving averages will be essential for confirming the breakout potential.
Corning (GLW) Short-Term Projection - Technical AnalysisCorning has been building momentum since ~ Oct 2023, and finally had a bullish change of Character the week of June 10. We've retested the support area ~ $38 the week of July 4th, and confirmed the bullish support. Fib extensions from the last H4 move target price moving to $43.65, and then to $47.20 before the next resistance is in play. An expected initial pullback would be to $40.10, with a possible push to the FVG to be filled at $38.53. This should be a strong buy area if you missed the earlier entries, and are looking for a long-term hold.
Corning IncFounded in 1851, Corning is a 172-year-old American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics.
Since its inception, Corning has been a pioneer in glass science and technology. They developed some of the most iconic glass products, including Gorilla Glass, used in smartphones and tablets, and Pyrex, used in kitchenware.
In 1970, Corning revolutionized the telecommunications industry by developing the first commercially viable low-loss optical fiber. This invention enabled the transmission of large amounts of data over long distances at high speeds, paving the way for the Internet and modern communication networks.
Corning is also a leader in environmental technologies. They developed ceramic substrates used in catalytic converters to reduce air pollution from vehicles, and they also manufacture glass filters for diesel engines that capture up to 99% of soot particles.
Corning is a global company with operations in over 30 countries and employs over 60,000 people. They are a Fortune 500 company and their stock is traded on the New York Stock Exchange under the ticker symbol GLW.
Some of Corning's incorporated clients
Corning Incorporated boasts a diverse clientele spanning across various industries, each leveraging its unique expertise in specialty glass, ceramics, and related materials. Here's a glimpse into some of their prominent clients:
Tech Giants:
1. Apple: Corning Gorilla Glass, renowned for its scratch and damage resistance, is a mainstay in Apple's iPhones, iPads, and Apple Watches.
2. Samsung: Corning supplies high-performance display glass for Samsung's smartphones, TVs, and other electronic devices.
3. LG: Similar to Samsung, LG relies on Corning's advanced display technologies for its TVs, monitors, and mobile devices.
Telecom and Networking:
1. Verizon: Corning's optical fiber cables form the backbone of Verizon's high-speed internet infrastructure, enabling seamless data transmission across vast distances.
2. AT&T: AT&T utilizes Corning's optical solutions to power its 5G network and deliver ultra-fast connectivity to millions of users.
3. China Telecom: As one of the world's largest telecommunications companies, China Telecom relies heavily on Corning's optical fiber technologies for its extensive network infrastructure.
Life Sciences:
1. Becton, Dickinson, and Company (BD): Corning supplies vials and other glass containers critical for storing and transporting sensitive biological materials used in research and medical applications.
2. Thermo Fisher Scientific: Thermo Fisher leverages Corning's specialty glass and ceramic materials for its laboratory equipment and analytical instruments.
3. Merck KGaA: Merck, a leading pharmaceutical company, utilizes Corning's glass substrates for its drug discovery and development processes.
Automotive:
1. Ford Motor Company: Corning's automotive glass solutions, including windshields and side windows, enhance safety and performance in Ford vehicles.
2. General Motors: GM utilizes Corning's ceramic substrates in its catalytic converters to reduce emissions and improve fuel efficiency.
3. Toyota Motor Corporation: Similar to GM, Toyota incorporates Corning's automotive glass and ceramic technologies in its vehicles for improved safety and environmental performance.
Corning Incorporated is a company with a diverse portfolio and a strong customer base that serves essential services.
We will be adding Corning to our portfolio.
Bullish on GLW.
Here we have GLW on a 15 minute chart. I am looking extremely bullish on this for a Day-trade or a few day swing trade. If we can break out of this upper trendline that I drew on the hourly chart then I feel like we can test the YTD WVAP. We are also in a demand zone that I drew from the daily chart. I will be waiting for us to break this trendline on the 5 minute chart with good volume and above the session VWAP for a good entry.
Corning Incorporated (GLW) 1M Trading Analisys (TA)Avi Salzman in the Article titled 5 Stocks poised to profit from renewables, published on the February 27, 2023 issue of Barron's, studies these 5 stocks: GLW, ENPH, FREY, NTOIY & SBGSY, I picked the first to share with you my impressions
1M Chart, Corning Incorporated (GLW) :
MACD : On October 2021, the signals on pierced down from above the histogram and have been diving below the histogram since September 2022, at this moment they are getting close to pierce up from below it.
RSI : The signal bounced on September 2022 at 40.00, steadily moving up after softly bounce twice on the 50.00.
PRICE : Has been steadily moving up after bouncing at $29 on September 2022, over the 200MA signal below the 100MA and is pushing to move above this last one where has found quite of resistance before moving toward $40, which is the optimistic approach.
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
Today this ticker has a Volume of 785K, Market Cap of 24B.
This Company PAYS DIVIDENDS TO SHAREHOLDERS (DIVIDENDS YIELD 3.30%)
Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
Good Luck!
Avi Salzman en el artículo titulado 5 acciones preparadas para beneficiarse de las energías renovables, publicado en la edición del 27 de febrero de 2023 de Barron's, estudia estas 5 acciones: GLW, ENPH, FREY, NTOIY y SBGSY. Elegí la primera para compartir con ustedes mis impresiones.
Gráfico de 1M, Corning Incorporated (GLW) :
MACD : En octubre de 2021, las señales se cruzaron desde arriba del histograma y han estado sumergiéndose por debajo del mismo desde septiembre de 2022, en este momento se están acercando para cruzarce desde abajo del histograma de manera ascendente.
RSI : La señal rebotó en septiembre de 2022 en 40:00, moviéndose constantemente hacia arriba después de un suave rebote doble en las 50:00.
PRECIO : Ha estado subiendo constantemente después de rebotar en $29 en septiembre de 2022, sobre la señal de 200MA por debajo de la 100MA y está presionando para moverse por encima de esta última donde ha encontrado resistencia antes de moverse a $40, que es el enfoque optimista.
"En este negocio, si eres bueno, tienes razón seis de cada diez veces. Nunca vas a tener razón nueve de cada diez. Descubrí que cuando el mercado está cayendo y compras fondos sabiamente, en algún momento en el futuro serás feliz. Nunca verás un anuncio que diga: "Ahora es el momento de comprar".
Hoy este ticker tiene un Volumen de 785K, Market Cap of 24B.
Esta Empresa PAGA DIVIDENDOS A LOS ACCIONISTAS (RENDIMIENTO POR DIVIDENDO 3.30%)
Corning, Inc. se dedica al suministro de vidrio para computadoras portátiles, monitores de escritorio de pantalla plana, televisores de pantalla y otras aplicaciones de visualización de información, productos de redes empresariales y redes de operadores para la industria de las telecomunicaciones, sustratos cerámicos para motores de gasolina y diesel en automóviles y vehículos pesados. -mercados de vehículos de servicio, productos de laboratorio para la comunidad científica y productos poliméricos para aplicaciones biotecnológicas, materiales ópticos para la industria de semiconductores y la comunidad científica, y productos de silicio policristalino y otras tecnologías. La empresa fue fundada por Amory Houghton Sr. en 1851 y tiene su sede en Corning, Nueva York.
¡Buena suerte!
“I believe in analysis and not forecasting.” / "Creo en el análisis y no en el pronóstico".
REMEMBER : I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make, and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE : No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompaña es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
GLW - Comparative Points Dominant trend line in green upwards
Currently price is above this, however comparisons can be made to earlier in the prices evolution (green and grey)
The grey circle is where we are now, bullish action follows this circle
A larger Rising Wedge structure (in yellow) can also be seen but it isn't as relevant
GLW LongTrendline Break
Entry 38.4
Stop 37
Target 46
*** Not sure why the Risk/Reward Ratio tool could not be displayed in this chart.
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.