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Advanced TA SearchArchive
- 4/19/2024 -
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Cisco Systems (CSCO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Cisco Systems (CSCO). During the week, the CSCO gave back -0.17 points, or -0.35%, and closed at 48.32 on Friday, April 19, 2024. Weekly volume was -12% below average.
 Long-term trend: [See CSCO long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 38.60 and reached 58.19 on September 1, 2023. CSCO gained -19.59 points, or -50.75%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (58.39) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CSCO may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.
 Medium-term trend: [See CSCO medium-term trend chart]
A medium-term downtrend had started on September 1, 2023 at 58.19 and reached 46.20 on November 16, 2023. CSCO lost 11.99 points, or 20.60%, in 10 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (48.37) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See CSCO weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since September 29, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 12, 2024 at 50.55 and reached 47.71 on April 17, 2024. CSCO lost 2.84 points, or 5.62%, in 36 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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