Move cursor over the icon to see details.
|It was a second consecutive positive week for the Cisco Systems (CSCO). During the week, the CSCO gained 1.31 points, or 2.97%, and closed at 45.37 on Friday, March 09, 2018. CSCO was trading at average weekly trading volume. |
CSCO is a member of Technology Sector. Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See CSCO long-term trend chart]
A long-term uptrend had started on September 19, 2008 at 11.78 and reached 45.89 on February 28, 2018. CSCO gained -34.11 points, or -289.56%, in 492 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (24.89) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See CSCO medium-term trend chart]
A medium-term uptrend had started on August 18, 2017 at 30.36 and reached 45.89 on February 28, 2018. CSCO gained -15.53 points, or -51.15%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 38.59 and resistance is at 46.87. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See CSCO weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 15, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See CSCO short-term trend chart]
A short-term downtrend had started on February 28, 2018 at 45.89 and reached 43.10 on March 2, 2018. CSCO lost 2.79 points, or 6.08%, in 2 days. The price is now at the 81.36% retracement level.
Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.