Comcast Corp (CMCSA) Moves Up For the 4th Day In A Row; in an Uptrend Over Past 90 Days

The Hourly View for CMCSA

Last Updated February 12, 2021, 12:31 GMT

At the moment, CMCSA’s price is up $0.06 (0.11%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as CMCSA has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on CMCSA. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Comcast Corp Daily Price Recap

Comcast Corp came into today up 0.91% ($0.48) from the open of the previous day, marking the 4th day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 33.17% from the day before — and down 37.33% from the same day the week before. Here is a daily price chart of Comcast Corp.


Comcast Corp Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Comcast Corp’s price has gone up 10 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about CMCSA:

    Variety estimates NBC, ABC, CBS, Fox & the CW will secure b/n $8.2B-$9.8B for their 2020-2021 primetime schedules, compared with b/n $9.6B-$10.8B for primetime in the 2019-2020 season. This marks the 1st time since 2015 that upfront estimate have fallen.

    Industry's "upfront week" presentations will be held virtually, as it was last year, & will be held in May this year.

    US media companies use the industry’s annual “upfront” ad-sales session to line up advertising commitments for the bulk of the next programming cycle.

    The pandemic threw last year’s process into disarray, with big clients demanding changes to the system & more flexibility in when they had to put down money.

    The nation’s 5 English-language broadcast networks could see the volume of ad commitments they secured for their next cycle of primetime programming fall b/n 9.3%-14.6%.