The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Channel
Number of records: 5
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel

Comcast Corp. (CMCSA)

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Stochastic has raised above the signal lineA Parabolic SAR indicator is below and near the priceTrend resistance at 36.08
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It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 0.72 points, or 2.04%, and closed at 36.03 on Friday, March 17, 2023. Weekly volume was 19% 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 41.15 on February 2, 2023. CMCSA gained -12.76 points, or -44.95%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (40.60) 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 February 2, 2023 at 41.15 and reached 34.63 on March 15, 2023. CMCSA lost 6.52 points, or 15.84%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 34.33 and resistance is at 36.58. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since November 11, 2022. The distance between MACD and the signal line is low and getting smaller. 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 February 16, 2023 at 39.99 and reached 34.63 on March 15, 2023. CMCSA lost 5.36 points, or 13.40%, in 27 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (36.08). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since February 2, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (36.25) comes close to the price (36.03). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.36
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 36.82
Greed/Fear Indicator (GFI) 32.39
Moving Average Converg./Diverg. (MACD) -0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.53
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 40.31
Greed/Fear Indicator (GFI) 48.81
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Quarterly Trendline Support 40.60
Upper Bollinger Band 38.69
50 Day Moving Average 38.11
Weekly Stochastic Crossing 36.73
20 Day Moving Average 36.69
Monthly Trendline Resistance 36.58
Parabolic System 36.25
Weekly Trendline Resistance 36.08
Price 36.03
Daily Stochastic Crossing 35.38
Lower Bollinger Band 34.68
Monthly Trendline Support 34.33
Weekly Trendline Support 34.21
Sector and Industry
Description Name Rank
Sector Communication Services 10
Industry Cable & Satellite 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 34.63
Low Date 03/15/2023
High 36.31
High Date 03/16/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 36.08
Support 34.21
High 39.99
High Date 02/16/2023
Low 34.63
Low Date 03/15/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 36.58
Support 34.33
High 41.15
High Date 02/02/2023
Low 34.63
Low Date 03/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 44.91
Support 40.60
Low 28.39
Low Date 10/13/2022
High 41.15
High Date 02/02/2023
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.

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