CISCO SYSTEMS INC (CSCO) Stock Technical Analysis
NASDAQ:CSCO • US17275R1023
Overall CSCO gets a technical rating of 6 out of 10. In the last year, CSCO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month CSCO has a been trading in the 73.00 - 88.19 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- CSCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CSCO is lagging the market slightly.
- CSCO has an average volume of 22892200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the performance of all stocks over the past year, CSCO turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
- CSCO is part of the Communications Equipment industry. There are 48 other stocks in this industry, CSCO did better than 46% of them.
CSCO has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
66.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 76.78 to 77.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 73.35 to 75.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.77 from a trend line in the daily time frame.
- Support @66.81 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CSCO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSCO is down. |
| ChartMill Relative Strength | 66.7 | NEUTRAL | CSCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CSCO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.99 | NEUTRAL | The RSI value for CSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests CSCO has a negative trend. |
| Stochastics (14,3) | 26.23 | NEUTRAL | The Stochastics value for CSCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CSCO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.15 | POSITIVE | The high ADX value value for CSCO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.39 | 76.77 | 4.62 (5.68%) | 17.61% |
| An entry @81.39. This is a Buy Stop order right above the 10 day moving average. | An exit @76.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.62 points, which is 5.68%. | When investing 17.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
78.18
+1.33 (+1.73%)
CISCO SYSTEMS INC / CSCO FAQ
What is the ChartMill technical rating of CISCO SYSTEMS INC (CSCO) stock?
ChartMill assigns a technical rating of 6 / 10 to CSCO.
What is the current trend direction of CISCO SYSTEMS INC (CSCO) stock?
The current trend direction for CISCO SYSTEMS INC (CSCO) is Bullish.
What is the RSI signal for CISCO SYSTEMS INC (CSCO) stock?
CISCO SYSTEMS INC (CSCO) has an RSI value of 47.9875. This indicates that the stock is currently neutral.
What is the short term momentum for CISCO SYSTEMS INC (CSCO) stock?
The short term momentum for CISCO SYSTEMS INC (CSCO) is negative.
What is the support and resistance level for CSCO stock?
CISCO SYSTEMS INC (CSCO) has a support level at 77.88. Check the full technical report for our detailed analysis of CSCO support and resistance levels.