Comcast Corporation Stock Forecast
Green day on Wednesday for Comcast Corporation stock after gaining 1.39%
(Updated on Mar 27, 2024)
The Comcast Corporation stock price gained 1.39% on the last trading day (Wednesday, 27th Mar 2024), rising from $42.48 to $43.07. During the last trading day the stock fluctuated 0.93% from a day low at $42.69 to a day high of $43.09. The price has fallen in 7 of the last 10 days and is down by -0.49% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 794 thousand more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $564.86 million.
The stock lies in the middle of a wide and 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 -3.31% during the next 3 months and, with a 90% probability hold a price between $39.20 and $44.24 at the end of this 3-month period.
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CMCSA Signals & Forecast
The Comcast Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $42.84 and $42.41. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -1.08%. 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).
Support, Risk & Stop-loss for Comcast Corporation stock
Comcast Corporation finds support from accumulated volume at $42.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.395 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: $41.40 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (CMCSA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Comcast Corporation to open at $42.95, and during the day (based on 14 day Average True Range), to move between $42.33 and $43.81, which gives a possible trading interval of +/-$0.744 (+/-1.73%) up or down from last closing price. If Comcast Corporation takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.28 (0.49%) than the support at $42.77 (0.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Comcast Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.386 Buy Candidate Unchanged
Predicted Opening Price for Comcast Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$42.95 ( 0.282%) | $43.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMCSA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.34 | 0.635 % | |
R2 | 43.19 | 0.284 % | ||
R1 | 43.10 | 0.0679 % | ||
Current price: | 43.07 | |||
Support | S1 | 42.80 | -0.633 % | |
S2 | 42.70 | -0.85 % | ||
S3 | 42.55 | -1.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.27 | 5.11 % | |
R2 | 43.54 | 1.09 % | ||
R1 | 43.28 | 0.488 % | ||
Current price | 43.07 | |||
Support | S1 | 42.77 | -0.697% | |
S2 | 41.85 | -2.83% | ||
S3 | 41.25 | -4.23% |
CMCSA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Apr 02, 2024 | Apr 24, 2024 | $0.310 | 0.720% |
2 | Oct 26, 2023 | Jan 02, 2024 | Jan 24, 2024 | $0.290 | 0.662% |
3 | Jul 11, 2023 | Oct 03, 2023 | Oct 25, 2023 | $0.290 | 0.678% |
4 | May 17, 2023 | Jul 03, 2023 | Jul 26, 2023 | $0.290 | 0.676% |
5 | Jan 21, 2023 | Apr 04, 2023 | Apr 26, 2023 | $0.290 | 0.794% |
FAQ
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