Comcast Corporation (CMCSA) stock declined in its latest intraday trading after hitting resistance at its previous 50-day SMA. The short-term main bearish trend remains in control, with trading moving along a downward slope line supporting this path. We also notice the start of negative signals in the Stochastic indicators, forming a negative divergence after reaching strongly overbought levels, exaggerated relative to the stocks movement.

Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 34.40 holds, to then target the key support level of 31.44.

Todays price forecast: Bearish.