The Greedy Trader Weekly Analysis
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Price vs. Upper Bollinger Band:Above
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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Cisco Systems (CSCO)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtTrend resistance at 44.69
Daily :The price has risen above the Parabolic SARThe price is above the upper Bollinger BandTrend resistance at 44.97The period of low volatility of the stock price
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It was a second consecutive positive week for the Cisco Systems (CSCO). During the week, the CSCO climbed 0.31 points, or 0.69%, and closed at 45.06 on Friday, January 8, 2021. Weekly volume was -16% 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 downtrend had started on July 16, 2019 at 58.26 and reached 32.40 on March 16, 2020. CSCO lost 25.86 points, or 44.39%, in 34 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (44.69). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 29, 2020 at 35.28 and reached 45.57 on December 18, 2020. CSCO gained -10.29 points, or -29.17%, in 7 weeks. Price is near the trend high.

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

The weekly MACD line is above its signal line since November 20, 2020. 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 downtrend had started on December 18, 2020 at 45.57 and reached 43.35 on January 4, 2021. CSCO lost 2.22 points, or 4.87%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (44.97). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 December 14, 2020. 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.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 3.2% on Friday. It is 76.19% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.49
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 55.80
Greed/Fear Indicator (GFI) 53.06
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.77
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 93.55
Strong Overbought
Greed/Fear Indicator (GFI) 81.21
Overbought
Moving Average Converg./Diverg. (MACD) -0.56
Trading Signals
Description Value Chart
Price 45.06
Weekly Stochastic Crossing 45.02
Upper Bollinger Band 45.00
Weekly Trendline Resistance 44.97
Quarterly Trendline Resistance 44.69
Daily Stochastic Crossing 44.63
20 Day Moving Average 44.61
Lower Bollinger Band 43.58
Parabolic System 43.39
Weekly Trendline Support 42.99
50 Day Moving Average 42.19
Quarterly Trendline Support 36.15
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Communications Equipment 91
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.35
Low Date 01/04/2021
High 45.41
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 44.97
Support 42.99
High 45.57
High Date 12/18/2020
Low 43.35
Low Date 01/04/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.28
Low Date 10/29/2020
High 45.57
High Date 12/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 44.69
Support 36.15
High 58.26
High Date 07/16/2019
Low 32.40
Low Date 03/16/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.78
Low Date 09/19/2008
High 58.26
High Date 07/16/2019
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.

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