The Greedy Trader Weekly Analysis
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Number of records: 6
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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 is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the Comcast Corp. (CMCSA). During the week, the CMCSA gained 0.68 points, or 1.81%, and closed at 38.34 on Friday, November 09, 2018. Weekly volume was -24% 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 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 17.03% retracement level.

Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term uptrend had started on May 9, 2018 at 30.43 and reached 38.71 on November 9, 2018. CMCSA gained -8.28 points, or -27.21%, in 26 weeks. Price is near the trend high.

Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access 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 October 24, 2018 at 34.05 and reached 38.71 on November 9, 2018. CMCSA gained -4.66 points, or -13.69%, in 16 days. The price is now at the 7.94% retracement level.

Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 24, 2018. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.08
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 85.43
Overbought Bearish
Greed/Fear Indicator (GFI) 79.57
Moving Average Converg./Diverg. (MACD) 0.50 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.94
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 55.65
Greed/Fear Indicator (GFI) 67.46
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Upper Bollinger Band 39.53
Daily Stochastic Crossing 38.46
Price 38.34
Weekly Stochastic Crossing 36.92
20 Day Moving Average 36.71
50 Day Moving Average 36.26
Parabolic System 36.01
Lower Bollinger Band 34.43
Sector and Industry
Description Name Rank
Sector Services 8
Industry CATV Systems 153
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.53
Low Date 11/06/2018
High 38.71
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.05
Low Date 10/24/2018
High 38.71
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.51
Low Date 10/11/2018
High 38.71
High Date 11/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.43
Low Date 05/09/2018
High 38.71
High Date 11/09/2018
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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