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|It was a first positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 0.82 points, or 2.57%, and closed at 32.72 on Friday, May 18, 2018. It was the best weekly gain since March 29, 2018. Weekly volume was -13% below average. |
CMCSA is a member of Services Sector. Services is the 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 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. Price is near the trend low.
Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 44.00 and reached 30.43 on May 9, 2018. CMCSA lost 13.57 points, or 30.84%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.82) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CMCSA may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since March 2, 2018. This is an indication that the medium-term trend is down. 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 May 9, 2018 at 30.43 and reached 32.84 on May 17, 2018. CMCSA gained -2.41 points, or -7.92%, in 8 days. Price is near the trend high.
Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since May 10, 2018. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.