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|It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 2.56 points, or 7.14%, and closed at 38.43 on Friday, December 01, 2017. Weekly volume was 100% above average. |
Long-term trend: [See CMCSA long-term trend chart]
A long-term downtrend had started on January 26, 2017 at 76.87 and reached 34.78 on November 3, 2017. CMCSA lost 42.09 points, or 54.75%, in 40 weeks. The price is now at the 8.67% retracement level.
Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on August 15, 2017 at 41.99 and reached 34.78 on November 3, 2017. CMCSA lost 7.21 points, or 17.17%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (33.88) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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 May 26, 2017. The distance between MACD and the signal line is low, but getting bigger. 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 November 28, 2017 at 35.26 and reached 38.70 on December 1, 2017. CMCSA gained -3.44 points, or -9.76%, in 3 days. The price is now at the 7.85% retracement level.
Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 above its signal line since November 28, 2017. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 7.49% on Friday. It is 60.03% lower than one year average. It indicates the period of low volatility of the stock price. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.