The Greedy Trader Weekly Analysis
Sign In May 25, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are oversoldBroken trend resistance line
Daily :Lane's Stochastic is overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.78
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 87.51
Overbought
Greed/Fear Indicator (GFI) 64.24
Moving Average Converg./Diverg. (MACD) -0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.94
Williams' Percentage Range (W%R) 85.10
Oversold
Lane's Stochastic (%D-Slow) 14.38
Oversold
Greed/Fear Indicator (GFI) 23.06
Moving Average Converg./Diverg. (MACD) -1.60
Trading Signals
Description Value Chart
Upper Bollinger Band 34.27
50 Day Moving Average 33.42
Price 32.72
Daily Stochastic Crossing 32.55
20 Day Moving Average 32.17
Parabolic System 31.69
Weekly Stochastic Crossing 31.13
Lower Bollinger Band 30.43
Quarterly Trendline Support 29.82
Quarterly Trendline Resistance 28.58
Sector and Industry
Description Name Rank
Sector Services 9
Industry CATV Systems 17
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.43
Low Date 05/09/2018
High 32.84
High Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.43
Low Date 05/09/2018
High 32.84
High Date 05/17/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.43
Low Date 05/09/2018
High 32.84
High Date 05/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 28.58
Support 29.82
High 44.00
High Date 01/24/2018
Low 30.43
Low Date 05/09/2018
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.

Copyright© 2004-2016 All rights reserved.