Comcast Corporation Trend May Be Changing as Price Just Breached Below Its 50 Day Moving Average

The Daily View for Comcast Corporation

  • Currently, CMCSA’s price is down $-0.07 (-0.13%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Comcast Corporation has now gone down 4 of the past 5 days.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 and 200 day changed directions on CMCSA; they are now pointing up. 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.

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 $0.38 (0.7%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 and 50 day moving averages, resulting in them so that price is now turning above them. 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.

Below is a daily price chart of Comcast Corporation.

CMCSA

Featured Comcast Corporation Idea From TradingView

Below is a trading comment entitled CMCSA – STOCKS – 26. APR. 2021 you may find interesting:

Welcome to our weekly trade setup ( CMCSA )!-4 HOURBullish market turnover.DAILYTrendchange and price turnover midterm.WEEKLYExpecting more bullish pressure and price action.-STOCKS SETUPBUY CMCSAENTRY LEVEL @ 54.00SL @ 53.63TP @ OpenMax Risk: 0.5% – 1%!(Remember to add a few pips to all levels – different Brokers!)Leave us a comment or like to keep our content for free and alive.Have a great week everyone!ALAN

DACapitalTrading