Comcast Corporation (CMCSA) Price Near $49.09; Moves Down For the 2nd Day In A Row
As for how volume fared, yesterday’s volume was up 38.11% from the previous day (tuesday), and up 15.17% from wednesday of the week before.
CMCSA
(Last Updated January 18, 2021)
Hello! This is the news page for Comcast Corp. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
A trend/countertrend situation exists on CMCSA, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
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 20) — are bullish, suggesting the trend is generally upward, save for a decline that occurred about 3 weeks ago.
The chart below illustrates.
Comcast Corporation (CMCSA) Closes Prior Hour Down -0.78%; Heads Down For the 2nd Day In A Row
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 Last Hour Down $-0.15; Crosses 20 Day Moving Average, Makes Big Move Relative to Past Month, Moves Down For the 2nd Day In A Row
As for how volume fared, yesterday’s volume was up 6.24% from the previous day (monday), and up 71.39% from tuesday of the week before.
Comcast Corporation (CMCSA) Closes Prior Hour Down -0.42%; in an Uptrend Over Past 90 Days, Heads Up For the 2nd Straight Day, Nears 20 Day Moving Average
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Comcast Corporation (CMCSA) Closes Last Hour Down $-0.02; Moves Down For the 2nd Straight Day, Price Base in Formation Over Past 30 Days, Pin Bar Pattern Appearing on Chart
This is a reversal of the price action on the previous hour, in which price moved up.
Comcast Corporation (CMCSA) Closes Prior Hour Up 0.41%; Price Base in Formation Over Past 14 Days, Makes Big Move Relative to Past Month, Crosses 20 Day Moving Average
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Comcast Corporation (CMCSA) Closes Prior Hour Up 0.31%; in an Uptrend Over Past 90 Days
The change in price came along side change in volume that was up 11.44% from previous day, but down 43.61% from the thursday of last week.
Comcast Corporation (CMCSA) Price Near $51.53; Moves Up For the 4th Consecutive Day
This move happened on lower volume, as yesterday’s volume was down 18.14% from the day before — and down 17.86% from the same day the week before.
Comcast Corporation (CMCSA) Price Near $50.38; Moves Up For the 2nd Consecutive Day
It’s been a feast for bulls operating on an hourly timeframe, as comcast corporation has now gone up 4 of the past 5 hours.
Comcast Corporation (CMCSA) Price Near $50.02; Heads Down For the 5th Consecutive Day, in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart
Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe.