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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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- 10/23/2026 -
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Cisco Systems (CSCO) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold20 Day Moving Average has crossed above the 50 Day Moving AverageBullish Piercing Line Candlestick
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It was the negative week for the Cisco Systems (CSCO). During the week, the CSCO gave back -0.89 points, or -0.83%, and closed at 106.50 on Friday, October 23, 2026. Weekly volume was -38% below 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 (50.27) 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 (61.27) 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is below its signal line since July 24, 2026. 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 June 4, 2026 at 130.37 and reached 103.58 on October 22, 2026. CSCO lost 26.79 points, or 20.55%, in 140 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 103.03 and resistance is at 117.43. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

The daily MACD line is below its signal line since October 15, 2026. This is an indication that the short-term trend is down.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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 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) 38.83
Williams' Percentage Range (W%R) 95.10
Strong Oversold
Lane's Stochastic (%D-Slow) 11.60
Oversold
Greed/Fear Indicator (GFI) 18.45
Oversold
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.93
Williams' Percentage Range (W%R) 97.20
Strong Oversold
Lane's Stochastic (%D-Slow) 29.70
Bullish
Greed/Fear Indicator (GFI) 26.31
Moving Average Converg./Diverg. (MACD) 5.74 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 118.51
Weekly Trendline Resistance 117.43
Parabolic System 112.47
20 Day Moving Average 110.84
50 Day Moving Average 110.23
Weekly Stochastic Crossing 108.68
Price 106.50
Daily Stochastic Crossing 105.39
Weekly Trendline Support 103.03
Lower Bollinger Band 101.05
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Communications Equipment 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 118.65
High Date 10/09/2026
Low 103.58
Low Date 10/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 117.43
Support 103.03
High 130.37
High Date 06/04/2026
Low 103.58
Low Date 10/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 76.57
Support 61.27
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 74.69
Support 50.27
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.