The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
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Comcast Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Lane's Stochastic is overboughtMACD bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 1.12 points, or 3.34%, and closed at 34.70 on Friday, July 13, 2018. Weekly volume was -14% below average.

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 24, 2018 at 44.00 and reached 30.43 on May 9, 2018. CMCSA lost 13.57 points, or 30.84%, in 15 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (31.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CMCSA may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term uptrend had started on May 9, 2018 at 30.43 and reached 35.15 on July 13, 2018. CMCSA gained -4.72 points, or -15.51%, in 9 weeks. The price is now at the 9.53% retracement level.

Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CMCSA short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 32.08 and reached 35.15 on July 13, 2018. CMCSA gained -3.07 points, or -9.57%, in 15 days. The price is now at the 14.66% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is above its signal line since July 5, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.74
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 84.47
Overbought
Greed/Fear Indicator (GFI) 73.26
Moving Average Converg./Diverg. (MACD) 0.30 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.70
Williams' Percentage Range (W%R) 57.80
Lane's Stochastic (%D-Slow) 64.22
Greed/Fear Indicator (GFI) 53.01
Moving Average Converg./Diverg. (MACD) -1.76
Trading Signals
Description Value Chart
Daily Stochastic Crossing 34.79
Price 34.70
Upper Bollinger Band 34.53
Weekly Stochastic Crossing 33.73
20 Day Moving Average 33.29
50 Day Moving Average 32.45
Parabolic System 32.33
Lower Bollinger Band 32.07
Quarterly Trendline Support 31.15
Quarterly Trendline Resistance 27.82
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.08
Low Date 06/28/2018
High 35.15
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.67
Low Date 05/31/2018
High 35.15
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.43
Low Date 05/09/2018
High 35.15
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 27.82
Support 31.15
High 44.00
High Date 01/24/2018
Low 30.43
Low Date 05/09/2018
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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