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Comcast Corporation Stock Forecast NASDAQ:CMCSA

$51.10 (-1.50%)

Volume: 13M

Closed: Nov 26, 2021

Hollow Logo Score: -2.536

Comcast Corporation Stock Forecast

$51.10 (-1.50%)

Volume: 13M

Closed: Nov 26, 2021

Score Hollow Logo -2.536
Which way will CMCSA go? Request
Key Stats
P/E Ratio 16.09
Beta 0.99
Trailing Dividend Rate 1.91% ($0.98)
Next Dividend Date Jan 04, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 28 and the stock is currently not being overbought or oversold

Comcast Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-23 Loss -1.81%

The Comcast Corporation stock price fell by -1.50% on the last day (Friday, 26th Nov 2021) from $51.88 to $51.10. and has now fallen 3 days in a row. During the day the stock fluctuated 1.34% from a day low at $50.69 to a day high of $51.37. The price has fallen in 8 of the last 10 days and is down by -4.77% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 million shares were bought and sold for approximately $657.75 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.98% during the next 3 months and, with a 90% probability hold a price between $42.02 and $45.31 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. The Comcast Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $52.14 and $53.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 10, 2021, and so far it has fallen -5.67%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.68 between high and low, or 1.34%. For the last week the stock has had a daily average volatility of 1.91%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Comcast Corporation stock A Buy?

Comcast Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.536

Predicted Opening Price for Comcast Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$51.05 $51.10 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 22, 2021 "Loop Capital" gave "$71.00 - $67.00" rating for CMCSA. The price target was set to $51.91.

Volatility and Risk
Daily Average Volatility: 1.91 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.91 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $55.59
Price: $51.10
No Support Found

CMCSA Insider Trading Show all Trades

INSIDER POWER

0.606

Last 100 transactions
Buy: 570 887 | Sell: 941 910 (Shares)
Date Action Amount Person Type
Nov 20, 2021 Sell 146 Honickman Jeffrey A Class A Common Stock
Nov 20, 2021 Buy 3 786 Honickman Jeffrey A Class A Common Stock
Nov 20, 2021 Sell 15 Montiel Maritza Gomez Class A Common Stock
Nov 20, 2021 Buy 3 786 Montiel Maritza Gomez Class A Common Stock
Nov 20, 2021 Sell 15 Nakahara Asuka Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.606

Last 100 transactions
Buy: 570 887 | Sell: 941 910 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 51.73 1.24 %
51.47 0.73 %
51.31 0.42 %
Current price: 51.10
Support 50.79 -0.60 %
50.63 -0.91 %
50.37 -1.42 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 57.00 11.55 %
55.93 9.45 %
55.59 8.79 %
Current price 51.10
Support 0 .
0 .
0 .

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About Comcast Corporation

Comcast Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand. This segment also provides business services, such as Ethernet network services; cellular backhaul... Read more

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