Comcast Corporation Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Comcast Corporation

  • At the time of this writing, CMCSA’s price is down $0 (0%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Comcast Corporation. Given that we see an uptrend on the 20 and 5 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 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Comcast Corporation’s hourly price chart is shown below.

CMCSA

The Daily View for Comcast Corporation

  • At the time of this writing, CMCSA’s price is up $0.06 (0.11%) from the day prior.
  • This is the 2nd day in a row Comcast Corporation has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Of note is that the 20 day changed directions on CMCSA; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Comcast Corporation.

CMCSA

Featured Comcast Corporation Idea From TradingView

Below is a trading comment entitled COMCAST CORPORATION (CMCSA) NASDAQ – Still Holding you may find interesting:

Go Long for CNCSA ; Still holding.Daily Time Frame:1. MACD Lines Entering Bottom2. MACD Histogram Bear Losing Power3. Pullback & Failed4. All-Time High5. Impulse System Green or Hollow6. Price back to Blue Line/ Value Line (Entry Price)

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