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|It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 0.79 points, or 2.18%, and closed at 36.96 on Friday, September 14, 2018. Weekly volume was -23% below 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 30.43 on May 9, 2018. CMCSA lost 46.44 points, or 60.41%, in 66 weeks. The price is now at the 14.06% retracement level.
Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term uptrend had started on May 31, 2018 at 30.67 and reached 37.23 on September 13, 2018. CMCSA gained -6.56 points, or -21.39%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 34.94 and resistance is at 38.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. 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 September 12, 2018 at 35.67 and reached 37.23 on September 13, 2018. CMCSA gained -1.56 points, or -4.37%, in 1 days. The price is now at the 17.31% retracement level.
Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.
The daily MACD line is below its signal line since September 5, 2018. The distance between MACD and the signal line is low and getting smaller.
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.