The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Comcast Corp.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Daily  MACD line has moved below its signal line
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.05
Williams' Percentage Range (W%R) 25.30
Lane's Stochastic (%D-Slow) 53.30
Greed/Fear Indicator (GFI) 61.68
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.98
Williams' Percentage Range (W%R) 14.70
Overbought
Lane's Stochastic (%D-Slow) 82.77
Overbought
Greed/Fear Indicator (GFI) 74.45
Moving Average Converg./Diverg. (MACD) -1.29
Trading Signals
Description Value Chart
Monthly Trendline Resistance 36.47
Quarterly Trendline Resistance 36.25
Upper Bollinger Band 36.10
Parabolic System 35.82
Weekly Stochastic Crossing 35.38
Daily Stochastic Crossing 35.23
Price 35.08
20 Day Moving Average 34.82
Quarterly Trendline Support 33.80
50 Day Moving Average 33.65
Monthly Trendline Support 33.45
Lower Bollinger Band 33.43
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 35.81
High Date 08/09/2018
Low 34.94
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.09
High Date 07/31/2018
Low 34.62
Low Date 08/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 36.47
Support 33.45
Low 30.67
Low Date 05/31/2018
High 36.09
High Date 07/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 36.25
Support 33.80
Low 30.43
Low Date 05/09/2018
High 36.09
High Date 07/31/2018
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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