$CMCSA Comcast Corporation Stock Robo Analyst October 30 2020 #CMCSA

Comcast Corporation (CMCSA) “On a long-term technical basis, the stock (CMCSA) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 41.96 and 31.71. If the stock breaks down through support at 41.96 then it will probably continue lower to 31.71. The stock has resistance at 42.72 and at 44.88. If the stock breaks up through resistance at 42.72 then it will probably continue higher to 44.88. The 200-day moving average is at 41.39. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 41.96 look for a rally to previous highs. The stock is extremely oversold according to the Stochastic Indicator (15.46).”