Stocks

Comcast may rise to 42.20 - 43.20

2024-05-18

Our pivot point stands at 37.7.

Our preference

Short term rebound towards 42.2.

Alternative scenario

Below 37.7, expect 36.1 and 35.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands above its 20 day moving average (39.048) but below its 50 day moving average (40.6127).

Supports and resistances

44.1 **

43.2 *

42.2 **

41.3

39.27 (USD-last)

38.3

37.7 **

36.1 *

35.2 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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