Investors can use this prediction interface to forecast Corning Incorporated historic prices and determine the direction of Corning Incorporated future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Corning Incorporated historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Corning Incorporated systematic risks associated with finding meaningful patterns of Corning Incorporated fundamentals over time. Please also check Historical Fundamental Analysis of Corning Incorporated to cross-verify your projections.
On August 19, 2019 Corning Incorporated had Daily Balance Of Power of (0.51). Balance of Power indicator (or BOP) measures the strength of Corning Incorporated market sensitivity to bulls and bears. It estimates the ability of Corning Incorporated buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Corning Incorporated Balance of Power indicator one can determine a trend of the price direction.
On August 20 2019 Corning Incorporated was traded for 27.29 at the closing time. Highest Corning Incorporated's price during the trading hours was 27.72 and the lowest price during the day was 27.27 . The net volume was 4.1 M. The overall trading history on 20 of August contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.44% . The overall trading delta to current price is 0.79% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.