Comcast Corporation (CMCSA) declined in its latest intraday trading after approaching resistance at its previous 50-day SMA, which limits the stocks chances of a near-term recovery. This comes amid the dominance of the main medium-term descending trend, with the price moving alongside a short-term secondary trendline that supports this bearish structure. We also note that the RSI indicators have reached extremely overbought levels.

Therefore we expect the stock to decline in its upcoming trading, as long as the resistance level at $28.28 remains intact, targeting the pivotal support level of $25.75.

Todays price forecast: Bearish