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Archive
- 12/13/2024 -
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Cisco Systems (CSCO) Technical Analysis
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| Summary:
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| | It was the negative week for the Cisco Systems (CSCO). During the week, the CSCO dropped -1.27 points, or -2.12%, and closed at 58.62 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -6% below average.
 Long-term trend: [See CSCO long-term trend chart]
A long-term downtrend had started on September 1, 2023 at 58.19 and reached 44.50 on August 12, 2024. CSCO lost 13.69 points, or 23.53%, in 49 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (43.69) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See CSCO medium-term trend chart]
A medium-term uptrend had started on August 12, 2024 at 44.50 and reached 60.23 on December 5, 2024. CSCO gained -15.73 points, or -35.35%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (59.00) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CSCO may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. 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 September 11, 2024 at 47.85 and reached 60.23 on December 5, 2024. CSCO gained -12.38 points, or -25.87%, in 85 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (58.35) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.
 Daily Technical Indicators: [See CSCO daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (58.32) comes close to the price (58.62). It indicates that the trend is getting weaker. 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 is close to the moving average in the center of the Bollinger Bands. 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 Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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