The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Pennant
Number of records: 3
Symbol:  

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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 :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtThe 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.15
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 58.54
Greed/Fear Indicator (GFI) 70.21
Moving Average Converg./Diverg. (MACD) 0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.11
Williams' Percentage Range (W%R) 1.20
Strong Overbought
Lane's Stochastic (%D-Slow) 86.48
Overbought
Greed/Fear Indicator (GFI) 81.04
Overbought
Moving Average Converg./Diverg. (MACD) -0.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 38.26
Upper Bollinger Band 37.19
Price 36.96
Weekly Stochastic Crossing 36.67
Daily Stochastic Crossing 36.62
20 Day Moving Average 36.24
Parabolic System 35.67
50 Day Moving Average 35.31
Lower Bollinger Band 35.15
Monthly Trendline Support 34.94
Sector and Industry
Description Name Rank
Sector Services 7
Industry CATV Systems 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.67
Low Date 09/12/2018
High 37.23
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.67
Low Date 09/12/2018
High 37.23
High Date 09/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 38.26
Support 34.94
Low 30.67
Low Date 05/31/2018
High 37.23
High Date 09/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.43
Low Date 05/09/2018
High 37.23
High Date 09/13/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.87
High Date 01/26/2017
Low 30.43
Low Date 05/09/2018
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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