The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 6/7/2024 -
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Comcast Corp. (CMCSA) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Comcast Corp. (CMCSA). During the week, the CMCSA dropped -1.07 points, or -2.67%, and closed at 38.96 on Friday, June 7, 2024. It was the worst weekly loss since April 26, 2024. Weekly volume was -17% below average.

CMCSA is a member of Communication Services Sector. Communication Services is the 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 uptrend had started on October 13, 2022 at 28.39 and reached 47.46 on August 16, 2023. CMCSA gained -19.07 points, or -67.17%, in 43 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (43.51) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on January 31, 2024 at 47.11 and reached 36.43 on April 26, 2024. CMCSA lost 10.68 points, or 22.67%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (33.72) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

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 May 14, 2024 at 40.06 and reached 37.85 on May 29, 2024. CMCSA lost 2.21 points, or 5.52%, in 15 days. The price is now at the 50.23% 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 May 29, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 46.55
Williams' Percentage Range (W%R) 47.80
Lane's Stochastic (%D-Slow) 63.04
Greed/Fear Indicator (GFI) 53.94
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.51
Williams' Percentage Range (W%R) 75.70
Lane's Stochastic (%D-Slow) 38.30
Greed/Fear Indicator (GFI) 34.26
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
Quarterly Trendline Support 43.51
Upper Bollinger Band 40.08
50 Day Moving Average 39.51
Daily Stochastic Crossing 39.18
20 Day Moving Average 39.14
Price 38.96
Weekly Trendline Resistance 38.48
Weekly Stochastic Crossing 38.32
Parabolic System 38.25
Lower Bollinger Band 38.19
Weekly Trendline Support 33.72
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Cable & Satellite 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 40.06
High Date 05/14/2024
Low 37.85
Low Date 05/29/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 38.48
Support 33.72
High 47.11
High Date 01/31/2024
Low 36.43
Low Date 04/26/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.46
High Date 08/16/2023
Low 36.43
Low Date 04/26/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 46.84
Support 43.51
Low 28.39
Low Date 10/13/2022
High 47.46
High Date 08/16/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.