Comcast Corporation’s 3 Day Up Streak Comes to an End

The Hourly View for Comcast Corporation

  • Currently, CMCSA’s price is up $0.02 (0.03%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Comcast Corporation’s hourly price chart is shown below.

CMCSA

The Daily View for Comcast Corporation

  • At the moment, CMCSA’s price is down $-0.66 (-1.17%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Comcast Corporation. Given that we see downtrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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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