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|It was the negative week for the Comcast Corp. (CMCSA). During the week, the CMCSA dropped -2.54 points, or -6.18%, and closed at 38.57 on Friday, February 09, 2018. It was the worst weekly loss since September 8, 2017. Weekly volume was 94% above 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 34.78 on November 3, 2017. CMCSA lost 42.09 points, or 54.75%, in 40 weeks. The price is now at the 9.00% retracement level.
Medium-term trend: [See CMCSA medium-term trend chart]
A medium-term uptrend had started on November 3, 2017 at 34.78 and reached 44.00 on January 24, 2018. CMCSA gained -9.22 points, or -26.51%, in 11 weeks. The price is now at the 58.89% retracement level.
Weekly Technical Indicators: [See CMCSA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since May 26, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 31, 2018 at 42.73 and reached 37.43 on February 9, 2018. CMCSA lost 5.30 points, or 12.40%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See CMCSA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since January 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
Candlestick pattern: [See CMCSA candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.