The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/29/2026 -
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Cisco Systems (CSCO) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SARBullish Piercing Line CandlestickThe period of high volatility of the stock price
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It was a eighth consecutive positive week for the Cisco Systems (CSCO). During the week, the CSCO climbed 0.01 points, or 0.01%, and closed at 120.42 on Friday, May 29, 2026. Weekly volume was 30% above average.

CSCO is a member of Information Technology Sector. Information 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 121.43 on May 29, 2026. CSCO gained -109.65 points, or -930.81%, in 923 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (49.23) 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 October 13, 2022 at 38.60 and reached 121.43 on May 29, 2026. CSCO gained -82.83 points, or -214.59%, in 189 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (58.73) 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 medium-term trend.

Weekly Technical Indicators: [See CSCO weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 10, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 121.43 on May 29, 2026. CSCO gained -69.32 points, or -133.03%, in 417 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (82.32) 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 short-term trend.

Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since April 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

The distance between the Bollinger Bands is 282.18% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Candlestick pattern: [See CSCO candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.48
Overbought
Williams' Percentage Range (W%R) 11.90
Overbought
Lane's Stochastic (%D-Slow) 85.75
Overbought
Greed/Fear Indicator (GFI) 84.79
Overbought
Moving Average Converg./Diverg. (MACD) 7.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.19
Strong Overbought
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 93.92
Strong Overbought
Greed/Fear Indicator (GFI) 85.72
Overbought
Moving Average Converg./Diverg. (MACD) 4.97
Trading Signals
Description Value Chart
Upper Bollinger Band 132.20
Parabolic System 120.91
Price 120.42
Daily Stochastic Crossing 120.06
Weekly Stochastic Crossing 119.23
20 Day Moving Average 107.85
50 Day Moving Average 93.15
Lower Bollinger Band 85.94
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Communications Equipment 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.80
Low Date 01/12/2026
High 121.43
High Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 92.14
Support 82.32
Low 52.11
Low Date 04/07/2025
High 121.43
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 87.75
Support 84.18
Low 44.50
Low Date 08/12/2024
High 121.43
High Date 05/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 74.03
Support 58.73
Low 38.60
Low Date 10/13/2022
High 121.43
High Date 05/29/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 73.64
Support 49.23
Low 11.78
Low Date 09/19/2008
High 121.43
High Date 05/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.