The Greedy Trader Weekly Analysis
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S&P 500 Oversold Stocks

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- 1/10/2025 -
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Comcast Corp. (CMCSA) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversoldDaily  MACD line has moved above its signal line
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It was the negative week for the Comcast Corp. (CMCSA). During the week, the CMCSA dropped -1.31 points, or -3.48%, and closed at 36.36 on Friday, January 10, 2025. Weekly volume was 31% above 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 Symmetric Triangle chart pattern. The uptrend support line (40.13) 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 36.24 on January 8, 2025. CMCSA lost 9.07 points, or 20.02%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 35.44 and resistance is at 37.66. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 downtrend had started on January 6, 2025 at 38.16 and reached 36.24 on January 8, 2025. CMCSA lost 1.92 points, or 5.03%, in 2 days. The price is now at the 6.25% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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) 34.24
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 25.84
Greed/Fear Indicator (GFI) 24.47
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.79
Williams' Percentage Range (W%R) 93.90
Strong Oversold
Lane's Stochastic (%D-Slow) 12.57
Oversold
Greed/Fear Indicator (GFI) 19.68
Oversold
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
50 Day Moving Average 40.99
Upper Bollinger Band 40.30
Yearly Trendline Support 40.13
20 Day Moving Average 38.09
Monthly Trendline Resistance 37.66
Parabolic System 37.41
Weekly Stochastic Crossing 36.86
Daily Stochastic Crossing 36.66
Lower Bollinger Band 36.41
Price 36.36
Monthly Trendline Support 35.44
Sector and Industry
Description Name Rank
Sector Communication Services 12
Industry Cable & Satellite 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.16
High Date 01/06/2025
Low 36.24
Low Date 01/08/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.16
High Date 01/06/2025
Low 36.24
Low Date 01/08/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 37.66
Support 35.44
High 45.31
High Date 10/31/2024
Low 36.24
Low Date 01/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.46
High Date 08/16/2023
Low 36.24
Low Date 01/08/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 44.98
Support 40.13
Low 28.39
Low Date 10/13/2022
High 47.46
High Date 08/16/2023
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.