Technical Analysis:
Based on recent price action, CMCSA is showing a downward trend in the short term, with the stock currently trading at $37.63. The stock has formed a bearish pattern with lower highs and lower lows over the past month, dropping from around $40 levels.
RSI Analysis: The current RSI(14) reading of 46.90 indicates the stock is in neutral territory, neither overbought nor oversold, suggesting potential for movement in either direction.
Moving Average Analysis: The stock is currently trading below its 60-day SMA of $40.39, indicating bearish momentum in the medium term. The 20-day SMA at $37.21 may act as immediate support.
News Impact:
Comcast will report Q4 2024 earnings on January 30, 2025. Analysts expect:
Recent $15 million investment announced for network expansion in Charlotte County, Florida, demonstrating continued infrastructure growth
Price Prediction for Next Week (Jan 28 - Feb 1):
Based on technical indicators and upcoming earnings:
Trading Recommendation: HOLD
Rationale:
The most probable scenario is sideways trading until earnings, followed by directional movement based on results. Wait for earnings results before making new positions.
Note: This analysis is based on current market conditions and may change based on new information or market developments. Trading decisions should be made considering your personal risk tolerance and investment goals.
The price of CMCSA is predicted to go up 10.48%, based on the high correlation periods with HRB. The similarity of these two price pattern on the periods is 97.27%.
CMCSA
HRB
Year
CMCSA Price Forecast($)
Potential Return(%)
2025
42.500
12.820
2026
45.000
19.460
2027
45.000
19.460
2028
45.000
19.460
2029
50.000
33.370
2030
55.000
46.710
Comcast's cable networks provide a platform to easily meet customers' growing bandwidth demands, which should drive steady market share gains, ensuring that recurring revenue and cash flow remain strong.
Dense fixed-line networks provide Comcast with the opportunity to push deeper into the business-services market and gradually expand its own wireless network capabilities.
Few companies have as many ways to monetize content investments. With its direct access to consumers across the US and Europe, Comcast should be a destination for the best writers, directors, and actors.
Loop Capital
Price Target
$54 → $53
Upside
+41.64%
Barclays
Price Target
$40 → $42
Upside
-1.25%
TD Cowen
Price Target
$50 → $48
Upside
+10.15%