The Hourly View for CMCSA
Last Updated January 13, 2021, 23:11 GMT
At the moment, Comcast Corporation’s price is up $0.05 (0.1%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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 down 2.93% ($1.51) from the open of the day prior, marking the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 6.24% from the previous day (Monday), and up 71.39% from Tuesday of the week before. The daily price chart of Comcast Corp below illustrates.
Comcast Corp Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Comcast Corp crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about CMCSA:
Amazon got its start selling books online, which is not a great business. Roku drove its early growth by selling hardware for streaming video, which, isn’t great business either.
Roku has out-executed rivals, including Amazon to gain top market share. But that’s in part because Roku doesn’t actually make any money from its player business. In fact, it sells its devices at a loss.
Roku plans to make an awful lot of money elsewhere. Advertising revenue continues to grow. Streaming launches from $DIS $T and $CMCSA have only added to the demand.
The Roku Channel is becoming a front door to the streaming ecosystem, & provides another source of profit going forward.
The combination of streaming growth and Roku’s base of nearly 40 million accounts gives the company potential options.
No one knew in 2004 that Amazon would become the world’s leading cloud provider. Come 2025, Roku likely will have a business that investors haven’t yet considered — or priced into ROKU stock.