Technical Analysis of Corning Inc. (NYSE:GLW)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Corning Inc. (NYSE:GLW) for the period of 9-Day stands at 91.26% while the stochastic %D for the same period stands at 91.73%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Corning Inc. (NYSE:GLW) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Corning Inc. (NYSE:GLW) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indictor of a certain security, currently Corning Inc. (NYSE:GLW)’s 20-Day Bollinger Band indicates “Buy”.

Previous Day Activity Analysis

On the last trading day, Corning Inc. (NYSE:GLW) opened the session at $29.46 and after going up 0.65% closed at $29.54. The stock gained 0.08 points in the last trade.

Corning Inc. (NYSE:GLW)’s stock fluctuated in the range of $29.41 and $29.69 during the previous active session. Corning Inc. (NYSE:GLW) traded with the volume of 3.32 Million with average volume of 6.32 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 1.37 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.39 and 55.8 respectively.

Currently the Insider Ownership of the shares of Corning Inc. (NYSE:GLW) is at 0.1% and the shares outstanding are 908 Million.

Important Ratio Analysis

Some important ratios to consider here for Corning Inc. (NYSE:GLW) are discussed below:

Dividend yield of Corning Inc. (NYSE:GLW) stands at 2.1% whereas Price to Earnings P/E ratio stands at 13.43 while Forward P/E shows the value of 16.07.

The PEG ratio (Price to Earning to Growth) emits the value of 0. The Price to Sale P/S and Price to Book P/B shows the value of 2.72 and 1.71 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 0 and 49.58 correspondingly.

The Quick Ratio of Corning Inc. (NYSE:GLW) stands at 2.4 while the Current Ratio depicts the value of 3.

Return on Assets ROA of Corning Inc. (NYSE:GLW) is at 8.1% whereas, Return on Equity ROE and Return of Investment ROI of Corning Inc. (NYSE:GLW) stand at 14.6% and 7.2% respectively.

The payout ratio of Corning Inc. (NYSE:GLW) stands at 23.8%.

Stock Performance Analysis

The stock performance of Corning Inc. (NYSE:GLW) on the basis of 5 day trade show the jump of 2.14% whereas, the monthly performance of the stock shows increase of 5.99%.

The quarterly performance of the stock remained in red zone with the value of -1.14% while six month performance of the shares of Corning Inc. (NYSE:GLW) remained bullish with the count of 8.21%.

The yearly and YTD performance of Corning Inc. (NYSE:GLW) remained up at 30.59% and 21.71% respectively.