Corning Shares Drop 16% on Weak Q3 Sales Forecast
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL shares fell 3.77% in the last 24 hours, closing at $329.17. Despite an RSI of 50.4 indicating neutral territory, the MACD remains in negative territory and, while above the signal line, still shows weak momentum. The price is trading above the 20-day moving average ($323.15) but below the 50-day moving average ($336.85). Corning's weak sales forecast may amplify concerns of a broader demand slowdown in the technology sector, putting short-term pressure on GOOGL. However, the decline is likely to be limited as the stock still finds support above the 20-day moving average.
📊 GLW — Piyasa Yorumu
▼ down · 85%Corning's shares fell 16% after the company issued a weak third-quarter sales forecast. Technical indicators support the decline: RSI at 21.7 is in oversold territory, MACD is below the signal line, and the price is well below both the 20-day and 50-day moving averages. The 23.5% drop in the last 24 hours underscores the intensity of selling pressure. A short-term recovery is unlikely, and the downtrend is expected to continue.