The Greedy Trader Weekly Analysis
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Comcast Corp.
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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :Stochastic signal line moved above oversold area
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It was the negative week for the Comcast Corp. (CMCSA). During the week, the CMCSA dropped -0.85 points, or -2.40%, and closed at 34.56 on Friday, October 05, 2018. CMCSA was trading at average weekly trading volume.

CMCSA is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CMCSA long-term trend chart]
A long-term downtrend had started on January 26, 2017 at 76.87 and reached 30.43 on May 9, 2018. CMCSA lost 46.44 points, or 60.41%, in 66 weeks. The price is now at the 8.89% retracement level.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term uptrend had started on May 9, 2018 at 30.43 and reached 38.06 on September 21, 2018. CMCSA gained -7.63 points, or -25.07%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.09 and resistance is at 38.66. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CMCSA short-term trend chart]
A short-term downtrend had started on September 25, 2018 at 35.98 and reached 34.41 on October 5, 2018. CMCSA lost 1.57 points, or 4.36%, in 10 days. The price is now at the 9.55% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since September 21, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.39
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 21.01
Greed/Fear Indicator (GFI) 24.26
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.59
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 65.13
Greed/Fear Indicator (GFI) 58.77
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 38.66
Upper Bollinger Band 37.81
Parabolic System 37.20
Weekly Stochastic Crossing 36.62
20 Day Moving Average 36.18
50 Day Moving Average 35.90
Daily Stochastic Crossing 34.72
Price 34.56
Lower Bollinger Band 33.84
Quarterly Trendline Support 32.09
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 133
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 35.98
High Date 09/25/2018
Low 34.41
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.98
High Date 09/25/2018
Low 34.41
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.06
High Date 09/21/2018
Low 34.41
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 38.66
Support 32.09
Low 30.43
Low Date 05/09/2018
High 38.06
High Date 09/21/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.87
High Date 01/26/2017
Low 30.43
Low Date 05/09/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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