The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/15/2026 -
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Comcast Corp. (CMCSA) Technical Analysis

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Summary:
Weekly :Overbought sectorOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldTrend support at 24.22
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the Comcast Corp. (CMCSA). During the week, the CMCSA dropped -0.64 points, or -2.52%, and closed at 24.76 on Friday, May 15, 2026. Weekly volume was 17% above average.

CMCSA is a member of Communication Services Sector. Communication Services is the most overbought sector. CMCSA is a member of Cable & Satellite Industry. Cable & Satellite is the sixth most oversold industry. 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 downtrend had started on October 31, 2024 at 45.31 and reached 24.53 on May 13, 2026. CMCSA lost 20.78 points, or 45.86%, in 79 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 20.95 and resistance is at 31.51. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 32.86 and reached 24.53 on May 13, 2026. CMCSA lost 8.33 points, or 25.35%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (24.22) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 April 24, 2026. 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 April 23, 2026 at 32.08 and reached 24.53 on May 13, 2026. CMCSA lost 7.55 points, or 23.53%, in 20 days. Price is near the trend low.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since April 27, 2026. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands (29.08%) is close to one year high (22.99%). It is 172.04% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 18.82
Oversold
Williams' Percentage Range (W%R) 88.70
Oversold
Lane's Stochastic (%D-Slow) 11.12
Oversold
Greed/Fear Indicator (GFI) 13.73
Oversold
Moving Average Converg./Diverg. (MACD) -0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.15
Williams' Percentage Range (W%R) 89.80
Oversold
Lane's Stochastic (%D-Slow) 15.43
Oversold
Greed/Fear Indicator (GFI) 20.86
Moving Average Converg./Diverg. (MACD) -0.67
Trading Signals
Description Value Chart
Upper Bollinger Band 30.16
50 Day Moving Average 28.25
20 Day Moving Average 27.00
Parabolic System 25.98
Weekly Stochastic Crossing 25.56
Daily Stochastic Crossing 24.82
Price 24.76
Weekly Trendline Support 24.22
Lower Bollinger Band 22.97
Monthly Trendline Support 20.95
Sector and Industry
Description Name Rank
Sector Communication Services 9
Industry Cable & Satellite 6
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.08
High Date 04/23/2026
Low 24.53
Low Date 05/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 31.80
Support 24.22
High 32.86
High Date 02/12/2026
Low 24.53
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 31.51
Support 20.95
High 45.31
High Date 10/31/2024
Low 24.53
Low Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.46
High Date 08/16/2023
Low 24.53
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.80
High Date 09/02/2021
Low 24.53
Low Date 05/13/2026
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.