|
|
Uptrend ExhaustionArchive
- 4/26/2024 -
Sign In to see current Signals. |
Cisco Systems (CSCO) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Cisco Systems (CSCO). During the week, the CSCO gave back -0.46 points, or -0.95%, and closed at 47.86 on Friday, April 26, 2024. Weekly volume was -9% 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 (58.65) 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 downtrend support line (48.48) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.
 Weekly Technical Indicators: [See CSCO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 47.61 on April 26, 2024. CSCO lost 2.94 points, or 5.82%, in 45 days. The price is now at the 8.50% retracement level.
Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and getting smaller. It indicates that the current short-term downtrend is getting weak.
 Candlestick pattern: [See CSCO candlestick chart pattern]
On Friday the chart has formed a Bearish On Neck Candlestick pattern. This is the weakest bearish continuation signal; it appears in a downtrend. Use the Technical Stock Screener to see the list of stocks that had a Bearish On Neck Candlestick pattern during the last week.
| |
|
|