Comcast Corp (CMCSA) Heads Down For the 3rd Day In A Row; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
CMCSA
(Last Updated October 28, 2020)
Welcome to the news page for Comcast Corp (CMCSA). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on CMCSA, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
CMCSA Moving Averages
The moving averages on CMCSA summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 100) — are bearish, suggesting the trend is generally downward, aside from a spike about 3 months prior.
The chart below illustrates.
Comcast Corporation (CMCSA) Closes Last Hour Down $-0.16; Heads Down For the 3rd Day In A Row, in an Uptrend Over Past 90 Days
It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 and 30 day timeframes.
Comcast Corporation (CMCSA) Closes Prior Hour Down -0.01%; Heads Down For the 3rd Straight Day, in an Uptrend Over Past 90 Days
This move happened on lower volume, as yesterday’s volume was down 32.48% from the day before — and down 21.19% from the same day the week before.
Comcast Corporation (CMCSA) Price Near $43.75; Crosses 50 Day Moving Average, Heads Down For the 2nd Day In A Row
The price move occurred on stronger volume; specifically, yesterday’s volume was up 47.61% from the day prior, and up 21.84% from the same day the week before.
Comcast Corporation (CMCSA) Closes Last Hour Up $0.11; Moves Up For the 2nd Day In A Row, in an Uptrend Over Past 90 Days, Breaks Above 50 Day Average
This move is a reversal from the hour prior, which saw price move down.
Comcast Corporation (CMCSA) Closes Prior Hour Up 0.24%; Breaks Above 50 Day Average, is Inching Close to 50 Day Average, Moves Up For the 2nd Day In A Row
Let me guess—you might get to it—in mid-november.
Comcast Corporation (CMCSA) Price Near $44.52; in an Uptrend Over Past 90 Days, 2 Day Down Streak Ended
This is a reversal of the price action on the previous hour, in which price moved up.
Comcast Corporation (CMCSA) Price Near $44.30; Moves Down For the 2nd Straight Day, in an Uptrend Over Past 90 Days
This is a reversal of the price action on the previous hour, in which price moved up.
Comcast Corporation (CMCSA) Closes Prior Hour Down -0.24%; Breaks Below 50 Day Average, But Still in an Uptrend Over Past 90 Days
As for how volume fared, yesterday’s volume was up 13.25% from the previous day (sunday), and up 8.91% from monday of the week before.
Comcast Corporation (CMCSA) Closes Prior Hour Down -0.24%; 3 Day Down Streak Ended, Eyes 20 Day Average, Morning Star Pattern Appearing on Chart
The price move occurred on volume that was up 3.07% from the day prior, but down 22.53% from the same day the week before.