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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- 1/23/2026 -
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Cisco Systems (CSCO) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Price is near the Fibonacci 23.6% retracement level
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It was the negative week for the Cisco Systems (CSCO). During the week, the CSCO gave back -0.60 points, or -0.80%, and closed at 74.59 on Friday, January 23, 2026. Weekly volume was -17% below average.

Long-term trend: [See CSCO long-term trend chart]
A long-term uptrend had started on September 19, 2008 at 11.78 and reached 80.82 on December 10, 2025. CSCO gained -69.04 points, or -586.08%, in 898 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 45.72 and resistance is at 77.98. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CSCO medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 52.11 and reached 80.82 on December 10, 2025. CSCO gained -28.71 points, or -55.09%, in 35 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (82.09) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since January 9, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 December 10, 2025 at 80.82 and reached 72.80 on January 12, 2026. CSCO lost 8.02 points, or 9.92%, in 33 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 technical indicators are neutral.

The daily MACD line is below its signal line since December 11, 2025. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.75
Williams' Percentage Range (W%R) 79.10
Lane's Stochastic (%D-Slow) 44.00
Greed/Fear Indicator (GFI) 35.56
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.71
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 48.87
Greed/Fear Indicator (GFI) 51.83
Moving Average Converg./Diverg. (MACD) 3.03
Trading Signals
Description Value Chart
Weekly Trendline Resistance 83.63
Weekly Trendline Support 82.09
Upper Bollinger Band 78.19
Yearly Trendline Resistance 77.98
50 Day Moving Average 76.50
Weekly Stochastic Crossing 76.26
20 Day Moving Average 75.41
Price 74.59
Daily Stochastic Crossing 74.12
Parabolic System 73.18
Lower Bollinger Band 72.25
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Communications Equipment 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 80.82
High Date 12/10/2025
Low 72.80
Low Date 01/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 83.63
Support 82.09
Low 52.11
Low Date 04/07/2025
High 80.82
High Date 12/10/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.50
Low Date 08/12/2024
High 80.82
High Date 12/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.60
Low Date 10/13/2022
High 80.82
High Date 12/10/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 77.98
Support 45.72
Low 11.78
Low Date 09/19/2008
High 80.82
High Date 12/10/2025
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.