News Image

COMCAST CORP-CLASS A (NASDAQ:CMCSA) showing some interesting technicals. Here's why.

By Mill Chart

Last update: Sep 18, 2023

Our stock screener has flagged COMCAST CORP-CLASS A (NASDAQ:CMCSA) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NASDAQ:CMCSA for potential movement.

CMCSA Daily chart on 2023-09-18

Technical analysis of NASDAQ:CMCSA

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 8 out of 10 to CMCSA. In the last year, CMCSA was one of the better performers, but we do observe some doubts in the very recent evolution.

  • The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
  • When comparing the yearly performance of all stocks, we notice that CMCSA is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, CMCSA also shows a nice and consistent pattern of rising prices.
  • CMCSA is part of the Media industry. There are 98 other stocks in this industry. CMCSA outperforms 91% of them.
  • CMCSA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CMCSA is leading the market.
  • In the last month CMCSA has a been trading in the 44.25 - 47.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Our latest full technical report of CMCSA contains the most current technical analsysis.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:CMCSA scores a 8 out of 10:

CMCSA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 45.27, a Stop Loss order could be placed below this zone.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.



NASDAQ:CMCSA (9/21/2023, 7:00:00 PM)

After market: 45.4 -0.3 (-0.66%)


+0.2 (+0.44%)


News Image14 hours ago - Market News VideoComcast Moves Up In Market Cap Rank, Passing Pfizer
News Image17 hours ago - Yahoo FinanceTIMELINE-Rupert Murdoch's 70-year career from Australia to global media mogul

Rupert Murdoch has stepped down as the chairman of Fox and News Corp, ending a seven-decade career that began from his father's Australian newspaper business and culminated in one of the most influential media empires. With deals for companies like Dow Jones, Sky and 21st Century Fox, Murdoch built a media behemoth that controlled large swaths of news, publishing and film industries. Here's a timeline of key milestones through Murdoch's career: YEAR EVENT 1952 Murdoch inherits his father's Australian newspaper "The News" at the age of 21.

News Image20 hours ago - TheNewswire.comComcast Donates Free WiFi Access to Four Nonprofits in the Twin Cities to Help Increase Digital Opportunities in the Region

Comcast today announced the opening of four new Lift Zones in the Twin Cities to provide free WiFi access to families across the area. Furthering the company’s deep and longstanding commitment to advancing equity and opportunity, our new Lift Zones at the International Institute, Every Third Saturday, Al Maa’uun, and GMCC will support digital access and adoption through tech training and career building. The new Lift Zone at International Institute will also receive 250 new laptops and two privacy pods, which will be used for virtual job interviews and telehealth appointments, as needed by clients.

News Image21 hours ago - Comcast CorporationComcast Corporation Names Rocky Gupta Executive Vice President and Treasurer
News Image21 hours ago - Yahoo FinanceUPDATE 1-WWE to bring back 'SmackDown' to NBCUniversal's USA Network

WWE's "Friday Night SmackDown" will be back on USA Network late next year, after the wrestling company struck a new partnership deal with Comcast's NBCUniversal to air more shows. WWE, part of TKO Group, will also produce four primetime specials per year for NBC as part of the five-year deal. "With Friday nights on USA, primetime specials on NBC, and the WWE hub on Peacock, we'll continue to use the power of our portfolio to super-serve this passionate fanbase," NBCUniversal Entertainment Chairman Frances Berwick said.

News Image22 hours ago - BloombergComcast’s USA Network Takes Over WWE Rights From Fox Under New Deal

Comcast Corp.’s NBCUniversal has reached a five-year deal to air WWE’s Friday Night SmackDown, taking over broadcast rights that have belonged to Fox Corp. since 2019.

News Imagea day ago - ChartmillCOMCAST CORP-CLASS A (NASDAQ:CMCSA) showing some interesting technicals. Here's why.

In-Depth Technical Analysis of COMCAST CORP-CLASS A.

News Imagea day ago - Investor's Business DailyHollywood Studios, Writers Reportedly Neal Deal To End Strike

Good news for Netflix and Disney. But actors are on the picket line too.

News Imagea day ago - Yahoo FinanceStriking writers, Hollywood studios to meet again Thursday

Negotiators for the striking Writers Guild of America (WGA) and Hollywood studios will meet again on Thursday to try to resolve a nearly five-month standoff that has disrupted film and television production. The WGA and the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney, Netflix and other media companies, held talks for the first time in about a month on Wednesday. Early on Wednesday evening, the two sides issued a joint statement saying simply: "The WGA and AMPTP met for bargaining today and will meet again tomorrow."

News Image2 days ago - InvestorPlaceBeware! 7 Blue-Chip Stocks Waving Massive Red Flags Right Now.

Even the most respected stocks can plunge, so it's important for investors to review this list of blue-chip stocks to sell.

News Image2 days ago - The Business JournalsComcast funding brings digital media training to underserved Albuquerque small businesses
News Image2 days ago - Yahoo FinanceUPDATE 1-Pay-TV group Sky keeps faith in Germany and in soccer

European pay-TV company Sky is keeping faith with the German market and its historical mainstay Premier League soccer, Chief Executive Dana Strong said on Wednesday, signaling no major change in strategy from its U.S. owner Comcast. Media reports have said Sky's German business could be on the block. There was "really important potential" for Sky's streaming services in the country, she said, and a new CEO had just been appointed.

Follow us for more