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|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.