Comcast Corporation May Be Offering a Trading Opportunity With Its Cross Below Its 20 Moving Average

The Hourly View for Comcast Corporation

  • At the moment, CMCSA’s price is up $0.03 (0.05%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 10 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

  • Currently, CMCSA’s price is up $0.77 (1.29%) from the day prior.
  • Comcast Corporation has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being above it. 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.
  • 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