Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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GLW · Corning Incorporated

$163.12 -3.17% Sep 10 close
Detected setup Trend Only · Setup Score 75/100

Stand aside — setup invalidated

Setup score 75, but distribution days reach 5 or more — stand aside until the condition resets.

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$GLW

Corning Incorporated

Corning Incorporated is a large-cap Electronic Components company in the Electronic Technology sector with a market cap of $141B.

Electronic Technology Electronic Components stock Stage 2 · Advancing Base 2
$163.12 latest close
Verdict · setup score 75/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 75, but distribution days reach 5 or more — stand aside until the condition resets.

Earnings

Normal technical setup

Next earnings Monday, October 26, 2026 Before market open Exact clock time not supplied by source

Deterministic evidence

GLW-3.17%
Sector proxy · XLK-1.41%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. GLW was -1.76 points vs XLK. -2.57 points vs SPY.

Session internals Weak

Rule: closed flat-to-down and in the bottom third of the range. Judged on internals, not on the size of the move.

Vs prior close-3.17% From the open-0.96% Range position4% GapHeld
QQQ confirmationConfirming (-1.06%) SMH confirmationConfirming (-2.44%)
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $163.12 -3.2% Sep 10 close
52W High $271.78 40.0% below high
Wks Since High 10w
Base Depth 51.5% 57.9% today
RS Rank 80 percentile of scan
SMA 50 $160.55
Avg Vol 11,648,299
Rel Vol (Sep 10) 0.47×
More stats
52W Low $72.72
Tight Wks 0
Base B2
SMA 200 $145.07
RS Line vs High -37.6%
RS Line Slope +5.6% ▲
Group Rank #20/58
ADR% 4.4%
ATR(14) $6.74 (4.1%)
Vol Pace (live) N/A
U/D Vol 0.92
A/D Days 11A / 15D
A/D Rating E
VDU Bars 0/10 d
Earnings in 44d
Position in 52-week range 45thpercentile of the 52-week range
$72.72low
$271.78high

GLW Chart

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Technical Analysis Report Card

$GLW · $163.12 · as of 2026-09-10 · multi-factor read
73
/ 100
Technicals 73/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Recovering / early uptrend
Weekly ▬ Sideways / consolidating
Monthly ▬ Sideways / consolidating

Moving Averages

50-day$160.55 ↑
100-day$173.70 ↓
200-day$145.07 ↑
Bullish (50 > 200)

RSI (14)

Reading54.8 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateImproving
Histogram+2.438

Improving — MACD crossed above its signal line but still below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width74% · 22.4%
Squeeze — volatility compressing

Mid-band — no directional band edge in play. Bands are squeezing — volatility is compressing, often a precursor to a sharp move.

Volume · Buyer vs Seller

Up/Down vol0.92 · Neutral
Rel volume0.47×

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $170.43swing level
R · $176.84swing level
R · $179.08swing level
Price · $163.12now
S · $158.50swing level
S · $148.17swing level
S · $141.63swing level

Fibonacci · Downtrend swing

23.6%$151.62
38.2%$174.58
50.0%$193.14
61.8%$211.70
78.6%$238.12

Retracement resistance zones measured from the recent swing high down to the low.

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Daily uptrendAbove 200-day MA50/200 bullishRS 84 (leader)
Want this read in a legend's voice? Ask a Legend about GLW
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.

Council consensus: 4 of 6 legends are Watching — building, not yet a confirmed buy.
Avoid
Minervini D

Trend-template read: fails 50-day MA > 150-day MA AND 200-day MA.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $163.12, MA150 $163.06, MA200 $145.07
1.2 150-day MA > 200-day MAMA150 $163.06 vs MA200 $145.07
Failing evidence
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $160.55, MA150 $163.06, MA200 $145.07
1.7 Price within 25% of 52-week high40.0% below 52-week high
5/10 checks
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 84
S: Base tightness (ATR% ≤ 4.5%)ATR% 4.13%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%+11.4% QoQ
A: Annual earnings & revenue qualityRev +19.1% | ROE 15.9%
2/8 checks
Watch
Weinstein C

Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $163.12 vs MA200 $145.07
Failing evidence
Stage 1→2 breakout on expanding volume0.47x on the fresh 30-week MA breakout — needs ≥1.4x to confirm
Not extended from 52-week high (≤ 30% below)40.0% below 52-week high
5/7 checks
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$163.12
Relative strengthRS 84
Failing evidence
Volume vs average0.47x
Distance from 52-week high40.0% below high
3/6 checks
Watch
Darvas B

Box-theory read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$163.12
Relative strengthRS 84
Failing evidence
Volume vs average0.47x
Distance from 52-week high40.0% below high
3/6 checks
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.

Passing evidence
Price$163.12
Relative strengthRS 84
Failing evidence
Volume vs average0.47x
Distance from 52-week high40.0% below high
3/6 checks
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Latest candle: Shooting Star — Long upper shadow with a small body near the low — sellers rejected higher prices. A caution flag when price is extended above a pivot.

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
187RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -1 E
A: 11 D: 12 Net: -165 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 3/7 met
C 3/7 criteria
Separate score from the Minervini Trend Template (6/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ +11%
Revenue growth ≥20% YoY +19%
Gross margin ≥30% 36%
ROE ≥17% 16%
RS rating ≥80 (leadership) 84
Stage 2 uptrend (Weinstein) Stage 2
Within 25% of 52W high -40.0%

Method Playbook

Trade it like Wyckoff EXACT LEVELS · PRO
Wyckoff B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Inverse Head & Shoulders bullish forming
80% built

Possible inverse head & shoulders — not confirmed. Watch for a daily close above ~188.07 (neckline) to confirm, with a measured move toward ~261.64. A drop under the right shoulder near 141.63 weakens the structure; a close below the head near 114.50 invalidates it.

Confirms above 188.07
Invalidates at 114.50
Left Shoulder 146.94
Head 114.50
Right Shoulder 141.63
Neckline 188.07
Target 261.64

LS 146.94 / head 114.50 / RS 141.63, neckline ~188.07, 13.3% below confirmation

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

75 setup score
RS Score 84
Trend template 6/8
Why This Setup?
Trend Only · schematic

Gatekeeper 6/8 | Moderate trend (6/8) | Top RS (84) | Volume drying up (bullish) | Stage 2

The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

3/7 universals met
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.5× average — light
  • A relative-strength leader — met RS rank 80
  • Clear of earnings — met in 44 days
  • In a confirmed uptrend — met Stage 2 · Trend template 6/8
Why these seven? → The Universal Edge

Minervini Trend Template

6/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $163.12 vs SMA150 $163.06 / SMA200 $145.07
SMA 150 above SMA 200 SMA150 $163.06 vs SMA200 $145.07
SMA 200 trending up Slope +6.89 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $160.55
Price above SMA 50 $163.12 vs SMA50 $160.55
30%+ above 52-week low +124.3% from $72.72
Within 25% of 52-week high -40.0% from $271.78
RS score above 70 RS 84

Fundamentals

52W Range
45%
Mkt Cap SEC
140.5B
EPS QoQ
+11%
Rev YoY
+19%
ROE
16%
Gross Margin
36%
D/E
0.71
EPS TTM
$1.83
P/E TTM
89.1x
Float
861M

Company

Company profile
Corning Incorporated
GLW · NYSE · Electronic Technology · Electronic Components

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
4/8
W. RS
90
W. Support
$114.50
W. Resist
$271.78
Weekly Structure

Scan History

20× streak
Sep 09: 83 (Pocket Pivot)Sep 10: 80 (Pocket Pivot)Sep 10: 81 (Pocket Pivot)Sep 11: 75 (Trend Only)Sep 11: 75 (Trend Only)Sep 11: 76 (Trend Only)76
Sep 11
Trend Only ✓ Gate
76
Sep 11
Trend Only ✓ Gate
75
Sep 11
Trend Only ✓ Gate
75
Sep 10
Pocket Pivot ✓ Gate
81 0.0%
Sep 10
Pocket Pivot ✓ Gate
80 0.0%
Sep 09
Pocket Pivot ✓ Gate
83 -3.2%

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