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Comcast Corporation (CMCSA) “On a long-term technical basis, the stock (CMCSA) is trading above its 200-day moving average which implies it is in a positive trend. However, the stock has recently broken through an important trendline at 44.62 suggesting the next support level is at 43.64. This weakness suggests the long-term trend is turning neutral.
The stock has support at 43.64 and 41.41. If the stock breaks down through support at 43.64 then it will probably continue lower to 41.41. The stock will meet resistance at 44.46 and 47.24. If the stock breaks up through resistance at 44.46 then it will probably continue higher to 47.24. The 200-day moving average is at 43.04. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (26.30).”
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