Comcast price gives in to negative pressures - Forecast today - 25-04-2024

Comcast’s stock price (CMCSA) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, while trading alongside the secondary trend line, with negative pressure from the 50-day SMA, while retesting the resistance of $40.77, with that level holding on, which in turn doubled pressures, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the support of $37.92, provided it settles below $40.77. 

Trend forecast: Bearish