GLW closes higher for the 3rd day in a row

Corning Inc. (GLW) Technical Analysis Report for Sep 14, 2018

Highlights

GLW closes below its opening price unable to hold early session gains
GLW closes higher for the 3rd day in a row
GLW pushes through previous session high
GLW rises to highest close since February 15, 2001

TQ Sentiment

Report Sentiment: 0% Neutral
Technical Forecast:

Overview

Moving higher for the 3rd day in a row, GLW finished the week 5.03% higher at 35.27 after gaining $0.21 (0.6%) today on high volume. Today's closing price of 35.27 marks the highest close since February 15, 2001. Trading $0.40 higher after the open, Corning Inc. was unable to hold its gains as the bears took control ending the day below its opening price. Closing above Thursday's high at 35.10, the share confirms its breakout through the prior session's high having traded $0.90 above it intraday.

Daily chart for GLW

Volatility

Friday's trading range was $0.80 (2.25%), that's far above last trading month's daily average range of $0.46. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bearish.

Market Conditions for Corning Inc.

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