Comcast Corporation is Down for the 2nd Day in a Row

The Hourly View for Comcast Corporation

  • At the moment, CMCSA’s price is down $-0.2 (-0.37%) from the hour prior.
  • Comcast Corporation has seen its price go down 24 out of the past 30 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • 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 down $-1.5 (-2.73%) from the day prior.
  • This is the 2nd day in a row Comcast Corporation has seen its price head down.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily 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.
  • Divergence between CMCSA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in CMCSA’s price.

Below is a daily price chart of Comcast Corporation.

CMCSA

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