Million

Resistance

Simply

Billion

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Comcast price increased by 4.60% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>Comcast Corporation (NASDAQ: CMCSA) stock’s 52-week price range is $34 – $46.</a> </li> 
</ul> 
<p>Comcast Corporation has been lagging behind the media industry in earnings growth, as reported by Simply Wall St, a website that provides financial analysis and insights. Its earnings have been dropping by -17% on average every year, while the industry average was a rise of 8.7%. Its revenues have been growing by 5.8% per year, which is a good sign. Comcast Corporation stock’s profitability is fair, with a return on equity of 7.3% and net margins of 5.4%.</p> 
<p>Comcast stock has a high debt-to-equity ratio of 120.9%, as reported by Simply Wall St., which increases its financial risk. Its assets and liabilities are $262.1 Billion and $177.2 Billion respectively, which shows that it has a large balance sheet. Its EBIT, which is its earnings before interest and taxes, is $23.0 Billion, which means it can cover its interest expenses 5.8 times. It has cash and short-term investments of $7.1 Billion, which gives it some liquidity.</p> 
<p>The market capitalization of CMCSA stock is $188.556 Billion and the total revenue is $121.427 Billion. Moreover, the stock’s basic EPS is $1.60 and the price-to-earnings ratio is 28.76. Moreover, the average volume is 18.617 Million and the current volume is 20.669 Million, the current volume is above average volume.</p> 
<p>Moreover, the CMCSA stock has done well this month, increased by 9.30%, and surged by 12.57% in the last six months. Accenture PLC (NASDAQ: CMCSA) stock has a positive year-to-date return of 29.45% and also a positive 1-year return of 15.71%.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-comcast-price-in-1-d-time-frame-strong"><strong>Technical Analysis of Comcast Price in 1-D Time Frame</strong></h2> 
<p>The price action shows that Comcast Corporation’s ( NASDAQ: CMCSA) stock price has been on a rising trend for the last three months, increasing by 12.96%. At the time of writing, CMCSA price is trading at $45.23 and was taking multiple supports on the trendline and making higher highs and higher lows.&nbsp;</p> 
<p>Therefore, the CMCSA price could continue to move upwards and reach the first and second targets of $46.45 and $48.43, if it maintains the current level. However, if the CMCSA price fails to sustain the current level and drops, then it might hit the nearest support levels of $41.77 and $39.93.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/svQOAXb0XD5ScgBp28jErNiGu6ZH2pCfq7M7k73pBbF_rijBxySOnT2s8XalnyAH08zrfiRIkO2_ZDurGxXiq6I1mB3ROaUsp88Z-mUfYvMjhg6qkwk0U6C41Ys2AOpLeyaLpOPAFvSrTp6GajRtSrU" alt="Comcast Price Prediction: Will CMCSA Stock Price Keep Surging?"> 
  <figcaption class="wp-element-caption">
    Source: CMCSA.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/07/11/comcast-corp-cmcsa-stock-can-oppenheimer-cause-rally/" target="_blank" rel="noopener noreferrer nofollow">Comcast Corporation. </a>is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which supports the Comcast stock price trend. Hence, Comcast price is expected to move upwards showing bullish views over the daily time frame chart.<br></p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/ygXCJcQe0Y9z7zsMCC22EsnkGXsbn6hiiJCorZnQ4wk7FObb8CTBZBOPuWnBdj8gh-sl1bZhetP3hEPt8uce53069w7lzoCrvNelBPIYT55zjtXYDW5MPN_m-lVPSkJ4iOjTpnHwq3V7tXj4LBbBYJU" alt="Comcast Price Prediction: Will CMCSA Stock Price Keep Surging?"> 
  <figcaption class="wp-element-caption">
    Source: CMCSA.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 74.36 points. The 14 SMA is above the median line at 65.81 points which indicates that the price is bullish as the RSI is in bullish territory.</p> 
<p>The MACD line at 0.9118 and signal line at 0.6802 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the CMCSA stock price.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>Comcast Corporation (NASDAQ: CMCSA) shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical parameters of the CMCSA stock price also support the bullish trend. The major indicators MACD, RSI, and EMA are reflecting positive signals and imply that the uptrend may continue in CMCSA stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> The nearest support levels are $41.77 and $39.93.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels are $46.45 and $48.43.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Comcast Price Prediction: Will CMCSA Stock Price Keep Surging?

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