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Comcast Corp. (CMCSA) |
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| Summary:
| | Weekly : | | Daily : 
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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.
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