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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.

Archive
- 8/14/2026 -
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Comcast Corp. (CMCSA) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a third consecutive positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 0.82 points, or 3.23%, and closed at 26.18 on Friday, August 14, 2026. Weekly volume was -38% below average.

CMCSA is a member of Communication Services Sector. Communication Services is the second 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 downtrend had started on October 31, 2024 at 45.31 and reached 21.28 on July 24, 2026. CMCSA lost 24.03 points, or 53.03%, in 90 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 18.65 and resistance is at 30.13. 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 21.28 on July 24, 2026. CMCSA lost 11.58 points, or 35.24%, in 23 weeks. The price is now at the 42.31% retracement level.

Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 31, 2026. 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 July 24, 2026 at 21.28 and reached 26.49 on August 14, 2026. CMCSA gained -5.21 points, or -24.48%, in 21 days. The price is now at the 5.95% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since July 27, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.83
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 91.60
Strong Overbought
Greed/Fear Indicator (GFI) 88.32
Overbought
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.15
Williams' Percentage Range (W%R) 53.40
Lane's Stochastic (%D-Slow) 47.63
Greed/Fear Indicator (GFI) 49.10
Moving Average Converg./Diverg. (MACD) -1.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 30.13
Upper Bollinger Band 27.07
Daily Stochastic Crossing 26.34
Price 26.18
Parabolic System 24.60
20 Day Moving Average 24.40
Weekly Stochastic Crossing 24.28
50 Day Moving Average 23.87
Lower Bollinger Band 22.42
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Cable & Satellite 24
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.28
Low Date 07/24/2026
High 26.49
High Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.86
High Date 02/12/2026
Low 21.28
Low Date 07/24/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.13
Support 18.65
High 45.31
High Date 10/31/2024
Low 21.28
Low Date 07/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.46
High Date 08/16/2023
Low 21.28
Low Date 07/24/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.80
High Date 09/02/2021
Low 21.28
Low Date 07/24/2026
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.