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Advanced TA SearchArchive - 5/3/2024 - Sign In to see current Signals. |
Comcast Corp. (CMCSA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA climbed 0.12 points, or 0.31%, and closed at 38.69 on Friday, May 3, 2024. CMCSA was trading at average weekly trading volume. CMCSA is a member of Cable & Satellite Industry. Cable & Satellite is the eighth 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 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 Ascending Triangle chart pattern. The uptrend support line (42.63) 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 January 31, 2024 at 47.11 and reached 36.43 on April 26, 2024. CMCSA lost 10.68 points, or 22.67%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 38.32 and resistance is at 40.10. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 February 9, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively 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 March 11, 2024 at 43.68 and reached 36.43 on April 26, 2024. CMCSA lost 7.25 points, or 16.60%, in 46 days. The price is now at the 31.17% retracement level. Daily Technical Indicators: [See CMCSA daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since April 24, 2024. 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.
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