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Takip Edin: @UscMarketsGLW Stock Forecast & Corning Incorporated Chart Analysis
This article provides a detailed analysis of GLW-Corning Incorporated stock including a forecast for GLW shares. It features Corning Incorporated technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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GLW Historical Data Review
GLW Current Price Performance Analysis
The Corning Incorporated - GLW stock traded on the American stock market, on 06-05-2024, closed at 37.49$ with a %1.30 increased compared to the previous day.
In the last month, the price of GLW changed by %12.11 increased in value, from 33.44 dollars on 05-06-2024 to 37.49 dollars, increased.
Last year, the price of GLW was 31.28 dollars on 06-06-2023, and changed by %19.85 increased in value, to 37.49 dollars increased within a year.
The price of Corning Incorporated stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
GLW with AI Stock Forecast & Price Target
On the GLW chart Corning Incorporated price was recorded as 37.49 Dollars on 06/05/2024.
The artificial intelligence's forecast on GLW stock is as follows.
The artificial intelligence's prediction error margin for GLW stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Corning Incorporated stock over the next 4 months is: 31.1 Dollars.
The commentary on GLW stock Target Price: Highest: 33.44 Dollars is predicted.
The commentary on GLW stock Target Price: Lowest: 28.642 Dollars is predicted.
Resistance Price where Corning Incorporated stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 33.440 |
| 10-08-2024 | 31.144 |
| 12-17-2024 | 33.139 |
| 04-11-2025 | 29.050 |
Support Price where Corning Incorporated stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 30.440 |
| 11-07-2024 | 30.303 |
| 03-17-2025 | 28.642 |
The commentary on GLW stock: The target price can generally be said to be on the decline.
The commentary on GLW stock: Fluctuations in the target price can be expected in the coming days.
The target price for Corning Incorporated stock by the end of 2024 is predicted to be 33.079 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on GLW stock, and the 2024 target price predictions for Corning Incorporated are detailed above.
The technical analysis and charts for the commentary on GLW stock are below.
GLW Support & Resistance and Trend Analysis
GLW stock you have reviewed the technical analysis support resistance charts regarding.
GLW : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the GLW review, the Corning Incorporated support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Corning Incorporated Support and Resistance Prices:
| GLW Support Level Price | GLW Resistance Level Price |
|---|---|
| 27.57 | 29.19 |
| 29.71 | 30.80 |
| 29.74 | 31.41 |
| 29.85 | 32.72 |
| 30.72 | 33.32 |
| 30.97 | 33.34 |
| 31.38 | 33.56 |
| 31.63 | 33.87 |
| 31.81 | |
| 32.07 |
GLW Technical Analysis: SMA, RSI, MACD
Upon reviewing the GLW chart, buy and sell signals have been generated in the Corning Incorporated technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for GLW stock are as follows:- The technical analysis for GLW indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for GLW indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Corning Incorporated issued a 'Buy' signal when the MACD was at -0.253, with the current MACD value being: 1.068
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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