News Image

NASDAQ:CMCSA may be ready to breakout.

By Mill Chart

Last update: Sep 20, 2023

Our stockscreener has identified a possible breakout setup on COMCAST CORP-CLASS A (NASDAQ:CMCSA). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:CMCSA for potential opportunities.

CMCSA Daily chart on 2023-09-20

What is the technical picture of NASDAQ:CMCSA telling us.

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall CMCSA gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CMCSA has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that CMCSA is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, CMCSA also shows a nice and consistent pattern of rising prices.
  • CMCSA is one of the better performing stocks in the Media industry, it outperforms 95% of 98 stocks in the same industry.
  • 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.

Why is NASDAQ:CMCSA a setup?

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:CMCSA is 8:

Besides having an excellent technical rating, CMCSA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 45.62, a Stop Loss order could be placed below this zone.

Trading breakout setups.

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.


Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.



NASDAQ:CMCSA (11/30/2023, 5:56:20 PM)

After market: 41.91 +0.02 (+0.05%)


+0.26 (+0.62%)


News Image8 hours ago - ComcastComcast Now Available to 2,000 Additional Vermont Homes and Businesses

/PRNewswire/ -- Comcast today announced the completion of a project to expand its Xfinity 10G Network and deliver its full suite of Xfinity and Comcast...

News Image8 hours ago - Seeking AlphaAmazon, Warner Bros. get exclusive NASCAR rights; NASCAR gets big payday

NASCAR's taking advantage of the move to streaming, negotiating deals with Amazon (AMZN) and Warner Bros. Discovery (WBD). Read for more.

News Image9 hours ago - Zacks Investment Research5 Stocks to Buy on Solid Rebound in Consumer Confidence

Soaring consumer confidence is likely to help stocks like AMC Entertainment Holdings, Inc. (AMC), NIKE, Inc. (NKE), Royal Caribbean Cruises Ltd. (RCL), Comcast Corporation (CMCSA) and Live Nation Entertainment, Inc. (LYV).

News Image10 hours ago - CNBCX CEO Linda Yaccarino addresses Musk’s 'go f---- yourself' comment to advertisers

Linda Yaccarino addressed the explicit comments Elon Musk hurled at advertisers Wednesday.

News Image10 hours ago - FreeWheelFreeWheel and OrkaTV Introduce a New Industry Solution for Advertisers to Reach Target Audiences on FAST Channels
News Imagea day ago - Go AddressableGo Addressable and Advertiser Perceptions Research Finds Intent to Use Addressable TV Advertising Has Doubled in the Last Two Years; 40% Expect to Spend More on the Channel in 2024
News Image2 days ago - The Business JournalsHow Comcast recruited 5 James Beard winners with 'varsity deals' and nods from CEO Brian Roberts
News Image2 days ago - Zacks Investment ResearchComcast (CMCSA) to Boost Fibre Network Expansion in Silverdale

Comcast (CMCSA) highlights the ongoing efforts to expand and enhance its network infrastructure, particularly in Silverdale.

News Image2 days ago - InvestorPlaceDIS Stock Outlook: Don’t Hold Your Breath for the Return of Disney Magic.

Stay far away from Disney until it becomes clear that the Mouse House has resolved many of its current problems.

News Image2 days ago - Yahoo FinanceUPDATE 1-Pay TV firm Sky teams up with Fastweb for mobile phone offer in Italy

Pay TV operator Sky Italia is teaming up with broadband company Fastweb to offer mobile connectivity services in Italy from early 2024, the two firms said in a joint statement on Tuesday. Under the multi-year partnership, Comcast unit Sky Italia and Fastweb, the Italian unit of Swisscom, will provide services covering 99% of the country, including 5G mobile networks. Sky Italia CEO and former Vodafone executive Andrea Duilio said the new Sky Mobile package would offer clients "all their connectivity needs".

News Image3 days ago - Yahoo FinancePay Tv firm Sky teams up with Fastweb to launch mobile phone offer in Italy

Pay TV operator Sky Italia is teaming up with Swisscom's Fastweb to start offering mobile connectivity services in Italy in early 2024, the two firms said in a joint statement on Tuesday. Under the multi-year partnership, Comcast unit Sky Italia and Fastweb will provide an offer including 5G mobile networks and covering 99% of the country. "With the launch of Sky Mobile we want to complete our service offer becoming a point of reference for Sky families also for all their connectivity needs," Sky Italia CEO and former Vodafone executive Andrea Duilio said in the statement.

News Image3 days ago - TheNewswire.comCara Veterinary Pioneers Modern Pet Care Through Comcast Business Solutions

Comcast Business today announced that it is providing Cara Veterinary, one of Washington’s leading veterinary care networks, with Ethernet Dedicated Internet (EDI) at its 10 locations across Washington state. The technology powers network connections and technology-dependent veterinary care services across all of Cara Veterinary’s locations, helping to enhance the efficiency and reliability of Cara Veterinary’s network of clinics.

Follow us for more