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 :Broken trend resistance line
Daily :Lane's Stochastic bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving AverageThe period of low volatility of the stock price
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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.62
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 63.21
Bearish
Greed/Fear Indicator (GFI) 61.76
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.63
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 36.30
Greed/Fear Indicator (GFI) 39.61
Moving Average Converg./Diverg. (MACD) -2.53
Trading Signals
Description Value Chart
Price 38.43
Upper Bollinger Band 38.17
Daily Stochastic Crossing 37.89
50 Day Moving Average 36.92
20 Day Moving Average 36.56
Weekly Stochastic Crossing 36.41
Parabolic System 35.41
Lower Bollinger Band 35.28
Monthly Trendline Resistance 34.76
Monthly Trendline Support 33.88
Sector and Industry
Description Name Rank
Sector Services 4
Industry CATV Systems 17
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.26
Low Date 11/28/2017
High 38.70
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.78
Low Date 11/03/2017
High 38.70
High Date 12/01/2017
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 34.76
Support 33.88
High 41.99
High Date 08/15/2017
Low 34.78
Low Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.18
High Date 06/05/2017
Low 34.78
Low Date 11/03/2017
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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