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|It was the negative week for the Comcast Corp. (CMCSA). During the week, the CMCSA gave back -0.33 points, or -0.93%, and closed at 35.08 on Friday, August 10, 2018. Weekly volume was -50% below average. |
CMCSA is a member of Services Sector. Services is the second 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 uptrend had started on May 9, 2018 at 30.43 and reached 36.09 on July 31, 2018. CMCSA gained -5.66 points, or -18.60%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 33.80 and resistance is at 36.25. 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 long-term trend.
Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term uptrend had started on May 31, 2018 at 30.67 and reached 36.09 on July 31, 2018. CMCSA gained -5.42 points, or -17.67%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 33.45 and resistance is at 36.47. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 downtrend had started on July 31, 2018 at 36.09 and reached 34.62 on August 2, 2018. CMCSA lost 1.47 points, or 4.07%, in 2 days. The price is now at the 31.29% retracement level.
Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.