How the (CMCSA) price action is used to our Advantage
March 19, 2024, 14:46 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CMCSA
- Buy CMCSA slightly over 41.41 target 44.4 stop loss @ 41.29 Details
The technical summary data tells us to buy CMCSA near 41.41 with an upside target of 44.4. This data also tells us to set a stop loss @ 41.29 to protect against excessive loss in case the stock begins to move against the trade. 41.41 is the first level of support below 42.805 , and by rule, any test of support is a buy signal. In this case, support 41.41 would be being tested, so a buy signal would exist.
- Short CMCSA slightly under 44.4, target 41.41, stop loss @ 44.53 Details
The technical summary data is suggesting a short of CMCSA as it gets near 44.4 with a downside target of 41.41. We should have a stop loss in place at 44.53though. 44.4 is the first level of resistance above 42.805, and by rule, any test of resistance is a short signal. In this case, if resistance 44.4 is being tested, so a short signal would exist.
Swing Trading Plans for CMCSA
- Buy CMCSA slightly over 43.77, target 44.4, Stop Loss @ 43.64 Details
If 43.77 begins to break higher, the technical summary data tells us to buy CMCSA just slightly over 43.77, with an upside target of 44.4. The data also tells us to set a stop loss @ 43.64 in case the stock turns against the trade. 43.77 is the first level of resistance above 42.805, and by rule, any break above resistance is a buy signal. In this case, 43.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CMCSA slightly near 43.77, target 42.55, Stop Loss @ 43.9. Details
The technical summary data is suggesting a short of CMCSA if it tests 43.77 with a downside target of 42.55. We should have a stop loss in place at 43.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 43.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for CMCSA
- Buy CMCSA slightly over 43.37, target 43.77, Stop Loss @ 43.27 Details
If 43.37 begins to break higher, the technical summary data tells us to buy CMCSA just slightly over 43.37, with an upside target of 43.77. The data also tells us to set a stop loss @ 43.27 in case the stock turns against the trade. 43.37 is the first level of resistance above 42.805, and by rule, any break above resistance is a buy signal. In this case, 43.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short CMCSA slightly near 43.37, target 42.55, Stop Loss @ 43.47. Details
The technical summary data is suggesting a short of CMCSA if it tests 43.37 with a downside target of 42.55. We should have a stop loss in place at 43.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 43.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Comcast Corporation Class A Common Stock (CMCSA) available here: CMCSA.
CMCSA Ratings for March 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
41.41 |
| P2 |
42.46 |
42.55 |
44.4 |
| P3 |
43.37 |
43.77 |
47.32 |
AI Generated Signals for CMCSA
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Comcast Corporation Class A Common Stock (NASDAQ: CMCSA) data table below can help you with price action, and we have more details too. Trading plans for CMCSA are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CMCSA:
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