GLW Price Prediction Next Week
Analysis and Insights
Based on the provided data and analysis, here is the prediction for Corning Inc. (GLW) stock price for the next trading week:
Technical Analysis:
- RSI (14): 33.95 (oversold territory, indicating potential buy signal)
- MACD: -1.21 (bearish signal, but the histogram shows a potential trend change)
- Fibonacci Levels: Pivot at 48.12, resistance at 51.13, and support at 45.11
- Bollinger Bands: Price is near the lower band, suggesting potential oversold conditions
Fundamental Analysis:
- Partnership Announcement: GLW's collaboration with Suniva and Heliene to produce domestically sourced solar modules is expected to enhance margins and qualify for tax incentives.
- CHIPS Act Impact: Despite Trump's criticism, GLW has shown resilience with a 43.05% one-year return.
Price Prediction:
Based on the oversold RSI and potential bullish divergence in MACD, the stock is expected to rebound. The target price for the next trading week is $48.50.
Recommendation:
Buy GLW stock at the current price level, targeting $48.50, with a stop-loss at $45.00.
GLW Similar Chart Price Prediction
The price of GLW is predicted to go up -9.6%, based on the high correlation periods with CIEN. The similarity of these two price pattern on the periods is 96.09%.
GLW
CIEN
Down: -9.6%Similarity: 96.09%
GLW Revenue Forecast
GLW EPS Forecast
GLW FAQs
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GLW VS S&P500
Corning boasts a leading share in four distinct end markets: display glass, optical fiber, cover glass, and emissions substrates/filters.
Corning's portfolio is aligned toward global secular trends of increasing connectivity and efficiency.
Corning's debt has the longest average time to maturity of the entire S&P 500, giving it ample time and liquidity to fulfill its obligations.
GLW Analyst's Forecast
Stephen Bersey
HSBC
Hold → Strong Buy
2025-01-30
Price Target
$51 → $60
Upside
+20.02%
HSBC analyst Stephen Bersey upgraded Corning to Buy from Hold with a price target of $60, up from $51.
Tim Long
Barclays
Hold
2025-01-29
Price Target
$53 → $52
Upside
+4.42%
Asiya Merchant
Citigroup
Strong Buy
2025-01-21
Price Target
$55 → $58
Upside
+12.51%
