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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- 6/18/2026 -
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Cisco Systems (CSCO) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtRelative Strength Index is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Bearish Downside Tasuki Gap CandlestickBroken trend resistance line
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It was the negative week for the Cisco Systems (CSCO). During the week, the CSCO dropped -1.56 points, or -1.29%, and closed at 119.54 on Thursday, June 18, 2026. It was the worst weekly loss since February 13, 2026. Weekly volume was 26% 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 130.37 on June 4, 2026. CSCO gained -118.59 points, or -1006.71%, in 923 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (49.37) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 130.37 on June 4, 2026. CSCO gained -91.77 points, or -237.75%, in 190 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (59.08) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Lane's Stochastic is overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index. 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 Relative Strength Index 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 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 uptrend had started on April 7, 2025 at 52.11 and reached 130.37 on June 4, 2026. CSCO gained -78.26 points, or -150.18%, in 423 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (83.68) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 technical indicators are neutral.

The daily MACD line is below its signal line since June 4, 2026.

Candlestick pattern: [See CSCO candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.86
Williams' Percentage Range (W%R) 70.10
Lane's Stochastic (%D-Slow) 23.82
Greed/Fear Indicator (GFI) 34.20
Moving Average Converg./Diverg. (MACD) 5.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.42
Strong Overbought
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 89.64
Overbought
Greed/Fear Indicator (GFI) 78.40
Moving Average Converg./Diverg. (MACD) 7.87
Trading Signals
Description Value Chart
Parabolic System 126.38
Weekly Stochastic Crossing 125.35
Upper Bollinger Band 124.60
20 Day Moving Average 121.30
Price 119.54
Daily Stochastic Crossing 118.16
Lower Bollinger Band 111.45
50 Day Moving Average 105.04
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Communications Equipment 93
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Low 72.80
Low Date 01/12/2026
High 130.37
High Date 06/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 93.50
Support 83.68
Low 52.11
Low Date 04/07/2025
High 130.37
High Date 06/04/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 88.70
Support 85.68
Low 44.50
Low Date 08/12/2024
High 130.37
High Date 06/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 74.38
Support 59.08
Low 38.60
Low Date 10/13/2022
High 130.37
High Date 06/04/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 73.78
Support 49.37
Low 11.78
Low Date 09/19/2008
High 130.37
High Date 06/04/2026
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.