The Greedy Trader Weekly Analysis
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Price vs. Upper Bollinger Band:Above
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Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

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- 3/15/2024 -
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Comcast Corp. (CMCSA) Technical Analysis

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Summary:
Weekly :Oversold industry
Daily :The price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA climbed 0.19 points, or 0.45%, and closed at 42.77 on Friday, March 15, 2024. Weekly volume was 39% above average.

CMCSA is a member of Cable & Satellite Industry. Cable & Satellite is the seventh most oversold industry. 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 September 2, 2021 at 61.80 and reached 28.39 on October 13, 2022. CMCSA lost 33.41 points, or 54.06%, in 58 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 41.39 and resistance is at 43.19. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on August 16, 2023 at 47.46 and reached 37.92 on October 27, 2023. CMCSA lost 9.54 points, or 20.10%, in 10 weeks. The price is now at the 50.84% retracement level.

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

The weekly MACD line is below its signal line since February 9, 2024. This is an indication that the medium-term trend is down. 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 January 31, 2024 at 47.11 and reached 40.74 on February 20, 2024. CMCSA lost 6.37 points, or 13.52%, in 20 days. The price is now at the 31.87% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 28, 2024.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.41
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 74.19
Greed/Fear Indicator (GFI) 67.01
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.37
Williams' Percentage Range (W%R) 46.50
Lane's Stochastic (%D-Slow) 23.24
Greed/Fear Indicator (GFI) 41.00
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Upper Bollinger Band 43.88
Parabolic System 43.69
Yearly Trendline Resistance 43.19
50 Day Moving Average 43.17
Daily Stochastic Crossing 43.01
Price 42.77
20 Day Moving Average 42.34
Weekly Stochastic Crossing 42.32
Lower Bollinger Band 41.50
Yearly Trendline Support 41.39
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Cable & Satellite 7
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.11
High Date 01/31/2024
Low 40.74
Low Date 02/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.92
Low Date 10/27/2023
High 47.11
High Date 01/31/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.46
High Date 08/16/2023
Low 37.92
Low Date 10/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.39
Low Date 10/13/2022
High 47.46
High Date 08/16/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 43.19
Support 41.39
High 61.80
High Date 09/02/2021
Low 28.39
Low Date 10/13/2022
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.