COMCAST CORP. - 1H - Technical analysis published on 06/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 56.95 USD
My targets
54.87 USD (-2.90%)
53.97 USD (-4.49%)
My analysis
The current short-term bearish acceleration registered on COMCAST CORP. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 56.95 USD. Short-term sellers will use the support located at 54.87 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 53.97 USD. Crossing this support would then open the door for sellers to target 53.30 USD. Caution, if there is a return to below 56.95 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COMCAST CORP. price is 56.51 USD. On the day, this instrument lost -0.77% and was between 56.23 USD and 57.03 USD. This implies that the price is at +0.50% from its lowest and at -0.91% from its highest.56.23
57.03
56.51
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this COMCAST CORP. chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.97 | 54.87 | 56.25 | 56.51 | 56.95 | 58.04 | 59.11 |
| Change (%) | -4.49% | -2.90% | -0.46% | - | +0.78% | +2.71% | +4.60% |
| Change | -2.54 | -1.64 | -0.26 | - | +0.44 | +1.53 | +2.60 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.47 | 56.16 | 56.55 | 57.24 | 57.63 | 58.32 | 58.71 |
| Camarilla | 56.65 | 56.75 | 56.85 | 56.95 | 57.05 | 57.15 | 57.25 |
| Woodie | 55.33 | 56.09 | 56.41 | 57.17 | 57.49 | 58.25 | 58.57 |
| Fibonacci | 56.16 | 56.57 | 56.82 | 57.24 | 57.65 | 57.90 | 58.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.53 | 53.70 | 55.52 | 56.69 | 58.51 | 59.68 | 61.50 |
| Camarilla | 56.52 | 56.79 | 57.07 | 57.34 | 57.61 | 57.89 | 58.16 |
| Woodie | 52.86 | 53.86 | 55.85 | 56.85 | 58.84 | 59.84 | 61.83 |
| Fibonacci | 53.70 | 54.84 | 55.55 | 56.69 | 57.83 | 58.54 | 59.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.86 | 51.27 | 54.30 | 56.71 | 59.74 | 62.15 | 65.18 |
| Camarilla | 55.84 | 56.34 | 56.84 | 57.34 | 57.84 | 58.34 | 58.84 |
| Woodie | 49.18 | 51.43 | 54.62 | 56.87 | 60.06 | 62.31 | 65.50 |
| Fibonacci | 51.27 | 53.35 | 54.63 | 56.71 | 58.79 | 60.07 | 62.15 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.47 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -3.00 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 56.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.33 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 57.49 | |
| Zig ZAG (10): | 56.53 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 21.99 | |
| TEMA (21): | 56.60 | |
| Williams %R (14): | -81.95 | |
| Chande Momentum Oscillator (20): | -0.88 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.47 |
| MA7: | 56.63 | |
| MA20: | 56.52 | |
| MA50: | 55.50 | |
| MA100: | 54.08 | |
| MAexp7: | 56.68 | |
| MAexp20: | 56.89 | |
| MAexp50: | 56.66 | |
| MAexp100: | 56.43 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | +1.82% | |
| Price / MA100: | +4.49% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | +0.14% |
Quotes :
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15 min delayed data
-
NASDAQ Stocks
News
The latest news and videos published on COMCAST CORP. at the time of the analysis were as follows:
- Nielsen And Comcast Agree To Incorporate Set-Top Box Viewing Data Into Local TV Measurement
- Comcast Increases Internet Speeds Across Florida
-
Comcast CEO Brian Roberts: We Had A Very Strong Third Quarter | CNBC
-
Comcast Q3 Earnings Top Expectations
- Chicago Ideas Week Launches "Hello" in Partnership with Comcast-NBCUniversal
This member declared not having a position on this financial instrument or a related financial instrument.
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