Corning 200-week moving average: where's the cycle bottom?

GLW Composite SMA Squeeze & Derived Risk Metric

Reading the moving-average chart

Weekly candle labelled : the plotted close is $114.96. Compare it with the three averages at the same candle below. A positive gap means the close is above that average; a negative gap means it is below.

AveragePlotted valueClose vs average
20-week average$153.37-25.0%
100-week average$101.54+13.2%
200-week average$67.56+70.2%

The lower panel reads 0.491 on a 0–1 scale. It averages the chart’s 20-, 100- and 200-week sigmoid risk readings. This is a model indicator, not a probability of loss or a forecast of the next price move.

Weekly candles are labelled by period end, so the current candle may be incomplete. See how composite moving-average risk works and the research methodology.