The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Pennant
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Comcast Corp.
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Summary:
Weekly :Overbought sectorTrend resistance at 39.68
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 1.22 points, or 3.16%, and closed at 39.79 on Friday, February 16, 2018. Weekly volume was 11% above average.

CMCSA is a member of Services Sector. 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 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 11.90% retracement level.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 44.00 and reached 37.43 on February 9, 2018. CMCSA lost 6.57 points, or 14.93%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (39.68). 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 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 and getting smaller. 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 February 9, 2018 at 37.43 and reached 40.42 on February 16, 2018. CMCSA gained -2.99 points, or -7.99%, in 7 days. The price is now at the 21.07% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 January 25, 2018.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.87
Williams' Percentage Range (W%R) 61.00
Lane's Stochastic (%D-Slow) 46.95
Greed/Fear Indicator (GFI) 41.26
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.32
Williams' Percentage Range (W%R) 43.50
Lane's Stochastic (%D-Slow) 62.67
Greed/Fear Indicator (GFI) 58.28
Moving Average Converg./Diverg. (MACD) -0.58
Trading Signals
Description Value Chart
Upper Bollinger Band 43.51
Weekly Stochastic Crossing 41.08
20 Day Moving Average 40.78
50 Day Moving Average 40.50
Price 39.79
Monthly Trendline Resistance 39.68
Daily Stochastic Crossing 39.03
Parabolic System 37.51
Lower Bollinger Band 36.96
Monthly Trendline Support 35.25
Sector and Industry
Description Name Rank
Sector Services 9
Industry CATV Systems 130
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.43
Low Date 02/09/2018
High 40.42
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.43
Low Date 02/09/2018
High 40.42
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 39.68
Support 35.25
High 44.00
High Date 01/24/2018
Low 37.43
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.78
Low Date 11/03/2017
High 44.00
High Date 01/24/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.87
High Date 01/26/2017
Low 34.78
Low Date 11/03/2017
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.

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