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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Cisco Systems (CSCO) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the Cisco Systems (CSCO). During the week, the CSCO gained 2.62 points, or 4.62%, and closed at 59.33 on Friday, May 2, 2025. Weekly volume was -7% below average.
 Long-term trend: [See CSCO long-term trend chart]
A long-term uptrend had started on September 19, 2008 at 11.78 and reached 66.50 on February 13, 2025. CSCO gained -54.72 points, or -464.52%, in 855 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.08 and resistance is at 75.68. 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 long-term trend.
 Medium-term trend: [See CSCO medium-term trend chart]
A medium-term downtrend had started on February 13, 2025 at 66.50 and reached 52.11 on April 7, 2025. CSCO lost 14.39 points, or 21.64%, in 7 weeks. The price is now at the 50.17% retracement level.
 Weekly Technical Indicators: [See CSCO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend 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 uptrend had started on April 7, 2025 at 52.11 and reached 59.42 on May 2, 2025. CSCO gained -7.31 points, or -14.03%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 23, 2025. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See CSCO candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
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