CORNING INC. - 1H - Technical analysis published on 01/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 37.85 USD
My targets
38.64 USD (+1.55%)
39.41 USD (+3.57%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CORNING INC.. As long as you are above the support located at 37.85 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 38.64 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 39.41 USD as an objective. Crossing it would then enable buyers to target 41.86 USD. If the support 37.85 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CORNING INC. price is 38.05 USD. The price registered a decrease of -0.73% on the session and was traded between 37.81 USD and 38.75 USD over the period. The price is currently at +0.63% from its lowest and -1.81% from its highest.37.81
38.75
38.05
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CORNING INC. indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.84 | 37.54 | 37.85 | 38.05 | 38.64 | 39.41 | 41.86 |
| Change (%) | -3.18% | -1.34% | -0.53% | - | +1.55% | +3.57% | +10.01% |
| Change | -1.21 | -0.51 | -0.20 | - | +0.59 | +1.36 | +3.81 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.01 | 37.38 | 37.86 | 38.23 | 38.71 | 39.08 | 39.56 |
| Camarilla | 38.10 | 38.17 | 38.25 | 38.33 | 38.41 | 38.49 | 38.56 |
| Woodie | 37.06 | 37.41 | 37.91 | 38.26 | 38.76 | 39.11 | 39.61 |
| Fibonacci | 37.38 | 37.71 | 37.91 | 38.23 | 38.56 | 38.76 | 39.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.66 | 36.22 | 36.73 | 37.29 | 37.80 | 38.36 | 38.87 |
| Camarilla | 36.94 | 37.03 | 37.13 | 37.23 | 37.33 | 37.43 | 37.52 |
| Woodie | 35.63 | 36.21 | 36.70 | 37.28 | 37.77 | 38.35 | 38.84 |
| Fibonacci | 36.22 | 36.63 | 36.89 | 37.29 | 37.70 | 37.96 | 38.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.25 | 33.81 | 35.52 | 37.08 | 38.79 | 40.35 | 42.06 |
| Camarilla | 36.33 | 36.63 | 36.93 | 37.23 | 37.53 | 37.83 | 38.13 |
| Woodie | 32.33 | 33.85 | 35.60 | 37.12 | 38.87 | 40.39 | 42.14 |
| Fibonacci | 33.81 | 35.06 | 35.83 | 37.08 | 38.33 | 39.10 | 40.35 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.75 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | -3.64 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 38.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.80 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 38.95 | |
| Zig ZAG (10): | 38.03 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 26.62 | |
| TEMA (21): | 38.30 | |
| Williams %R (14): | -78.42 | |
| Chande Momentum Oscillator (20): | -0.88 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.07 |
| MA7: | 37.74 | |
| MA20: | 37.21 | |
| MA50: | 37.52 | |
| MA100: | 37.80 | |
| MAexp7: | 38.17 | |
| MAexp20: | 38.21 | |
| MAexp50: | 37.89 | |
| MAexp100: | 37.62 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +2.26% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | +0.66% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +1.14% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CORNING INC. at the time of the analysis were as follows:
-
How Corning Borrowed Gorilla Glass Tech To Make Covid Vaccine Vials
- Poseida Therapeutics Appoints Luke Corning to Board of Directors
- Apple Awards an Additional $250 Million from Advanced Manufacturing Fund to Corning
- Corning Announces Quarterly Dividend
- Corning Reports Strong First-Quarter 2019 Financial Results and Continued Progress on Strategy and Capital Allocation Framework
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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