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Downtrend Broken Resist.Archive
- 1/17/2025 -
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Comcast Corp. (CMCSA) Technical Analysis
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| Summary:
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| | It was a first positive week after 7 consecutive negative weeks for the Comcast Corp. (CMCSA). During the week, the CMCSA climbed 0.21 points, or 0.58%, and closed at 36.57 on Friday, January 17, 2025. It was the best weekly gain since November 22, 2024. CMCSA was trading at average weekly trading volume.
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 Symmetric Triangle chart pattern. The uptrend support line (40.23) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CMCSA may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on October 31, 2024 at 45.31 and reached 36.15 on January 14, 2025. CMCSA lost 9.16 points, or 20.22%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.38) 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 Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 January 14, 2025 at 36.15 and reached 36.85 on January 15, 2025. CMCSA gained -0.70 points, or -1.94%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is above its signal line since January 14, 2025. 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.
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