US stock / ETF

Corning Incorporated

GLW · NYSE · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

GLW 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $156.58 and stabilize above resistance $271.78.

Invalidation Trigger

Break above $271.78 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 38.0, MACD -1.416

Daily
Volatility EnvironmentBearish
High volatility

ATR is $12.04 (8.97%)

Daily

EMA Structure

Bearish
EMA 8$140.89Bearish
EMA 21$156.58Bearish
EMA 50$169.69Bearish

Signals

CategoryReadStrength
Momentum
RSI 38.0 · MACD -1.416

Momentum is weak

Strength
Bearish
Volatility
ATR $12.04 · BB 53.39%

High volatility

Strength
Bearish
Volume
MFI 40.9 · OBV -10.31%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$114.5 - $271.78

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+111.41% · 12.4 ATR above latest close

$283.82
Nearest resistance

+102.44% · 11.4 ATR above · 34-bar high

$271.78
Current price

Price shown is delayed

$134.25
Nearest support

-14.71% · 1.6 ATR below · 34-bar low

$114.5
Deeper support zone

-23.68% · 2.6 ATR below latest close

$102.46
ATR zone

Latest close ± ATR14

$122.21 - $146.29

Indicators

Trend

Dow Theory Structure

Confirmation $114.5, invalidation $164.5

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

46.2 / 16.0 / 40.1Bearish
Supertrend (10,3)

Price is above Supertrend

$97.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$165.44 / $193.14Bearish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Volatility

ATR (14)

High volatility

$12.04 (8.97%)Bearish
Bollinger Bands (20,2)

Width 53.39%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.26 / $130.88Bearish
ATR channel lower / upper

Current Volatility Envelope

$122.21 / $146.29Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$271.78Range
Support

Nearest Downside Decision Level

$114.5Range

Momentum

RSI (14)

Momentum is weak

38.0Bearish
MACD (12,26,9)

Histogram is negative

-1.416Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.3 / 37.6Bearish
Williams %R (14)

Neutral zone

-62.7Range
CCI (20)

Balanced zone

-89.5Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.9Bearish
OBV slope

20-period OBV slope

-10.31%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Trend

Dow Theory Structure

Confirmation $114.5, invalidation $164.5

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

46.2 / 16.0 / 40.1Bearish
Supertrend (10,3)

Price is above Supertrend

$97.22Bullish
Ichimoku Cloud

Cloud Span A / Span B

$165.44 / $193.14Bearish
Donchian Channel (20)

20-period breakout channel position

22%Bearish

Momentum

RSI (14)

Momentum is weak

38.0Bearish
MACD (12,26,9)

Histogram is negative

-1.416Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

37.3 / 37.6Bearish
Williams %R (14)

Neutral zone

-62.7Range
CCI (20)

Balanced zone

-89.5Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$12.04 (8.97%)Bearish
Bollinger Bands (20,2)

Width 53.39%

22%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$180.26 / $130.88Bearish
ATR channel lower / upper

Current Volatility Envelope

$122.21 / $146.29Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

40.9Bearish
OBV slope

20-period OBV slope

-10.31%Bearish
Volume ratio

Relative to 20-period average volume

0.08xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$271.78Range
Support

Nearest Downside Decision Level

$114.5Range

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