The Tide May Be Shifting for Comcast Corporation as it Crosses Below Its 20 Day Moving Average

The Daily View for Comcast Corporation

  • At the moment, CMCSA’s price is down $-0.24 (-0.44%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 day changed directions on CMCSA; it is now pointing down. 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.

Comcast Corporation’s hourly price chart is shown below.

CMCSA

The Daily View for Comcast Corporation

  • Currently, CMCSA’s price is up $0.06 (0.11%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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 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