Corning (GLW) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for GLW · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$159.89last close · Aug 4, 202652-week range $62.65$271.78 · 41.17% below the high

GLW Bullish Pennant Pattern

GLW is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $170.07 (+33.7%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; GLW's own bullish pennants have hit 100.0%.

DirectionBullishTarget$170.07Projected move+33.7%Breakout level$129.63

New to this pattern? What a bullish pennant is and how to trade it →

GLW's Most Recent Bullish Pennant Trade

GLW's most recent completed bullish pennant resolved as a win: it broke higher on Mar 19, 2026 near $134.13, then reached its target at $164.38 on Apr 17, 2026 — a +2.96R move (22.6%) over 20 sessions. Across 150 backtested bullish pennants, this setup wins 57.3% of the time.

OutcomeWinResult+2.96REntry$134.13Exit$164.38

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
GLW win rate
100.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

GLW Pattern Trade History

Every completed pattern trade our nightly backtest found on GLW's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantMar 19, 2026 @ $134.13Apr 17, 2026 @ $164.38Win+2.96R
Rising WedgeJan 5, 2026 @ $88.09Jan 27, 2026 @ $109.74Loss-2.53R
TriangleJan 16, 2025 @ $49.09Jan 27, 2025 @ $49.53Win+0.15R
Rising WedgeNov 13, 2024 @ $47.88Dec 5, 2024 @ $49.76Loss-1.24R
TriangleMar 25, 2024 @ $32.48May 2, 2024 @ $33.57Loss-1.01R
Falling WedgeAug 24, 2023 @ $32.25Sep 7, 2023 @ $31.52Loss-1.22R
Falling WedgeMay 3, 2023 @ $32.00Jun 16, 2023 @ $35.85Loss-1.54R
TriangleApr 26, 2023 @ $32.64Jun 16, 2023 @ $35.85Loss-1.73R
TriangleDec 6, 2022 @ $33.46Jan 6, 2023 @ $35.38Loss-1.50R
Falling WedgeJul 15, 2022 @ $32.48Aug 5, 2022 @ $35.80Win+2.90R
Falling WedgeJun 10, 2022 @ $33.14Jul 29, 2022 @ $36.76Loss-1.07R
TriangleJul 23, 2021 @ $40.87Sep 9, 2021 @ $38.61Loss-1.07R

GLW Support and Resistance Levels

Price was turned away at a ceiling near $299.42 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $120.76 — still about 24% away.

  • Traders commonly watch $120.76 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $299.42 ceiling about 3 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $122.14, resistance near $165.03. These are chart/swing-derived levels, not formula pivots.

Resistance
$165.03$258.39
Support
$122.14

GLW Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$155.00$162.49$150.85$159.89
Aug 3, 2026$134.89$147.94$132.89$146.64
Jul 31, 2026$143.79$147.00$138.23$138.25
Jul 30, 2026$130.42$136.09$130.00$135.22
Jul 29, 2026$126.30$130.87$122.62$124.05
Jul 28, 2026$121.75$126.10$114.50$126.01
Jul 27, 2026$145.75$148.69$136.31$143.36
Jul 24, 2026$154.77$157.40$145.93$146.65
Jul 23, 2026$152.26$160.98$152.24$156.06
Jul 22, 2026$157.00$161.45$153.88$154.06

GLW Frequently Asked Questions

What chart pattern is GLW forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Corning (GLW) on the daily chart, with a measured-move target of $170.07.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on GLW is a bullish pattern, projecting a measured-move target of $170.07. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for GLW?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), GLW's nearest support is around $122.14 and nearest resistance around $165.03.
What is the price target if GLW's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $170.07 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was GLW's closing price on Aug 4, 2026?
Corning (GLW) last closed at $159.89 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.