CISCO SYSTEMS INC (CSCO) Technical Analysis
NASDAQ:CSCO • US17275R1023
Taking everything into account, CSCO scores 5 out of 10 in our technical rating. In the last year, CSCO was one of the better performers, but we do observe some doubts in the very recent evolution.
- When comparing the yearly performance of all stocks, we notice that CSCO is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by CSCO over the past year are nicely spread over this period.
- CSCO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CSCO is performing more or less in line with the market.
- In the last month CSCO has a been trading in the 73.42 - 81.17 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CSCO has an average volume of 23253500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- CSCO is part of the Communications Equipment industry. There are 48 other stocks in this industry, CSCO did better than 42% of them.
Although the technical rating is only medium, CSCO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 76.18, a Stop Loss order could be placed below this zone.
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66.93
4 important support areas can be observed.
- A support zone ranging from 75.44 to 76.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 73.35 to 73.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.41 from a trend line in the daily time frame.
- Support @67.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 78.02 to 78.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 77.09 | POSITIVE | CSCO has a high relative strength, it outperformed 77.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CSCO is below a declining 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) | 46.99 | NEUTRAL | The RSI value for CSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CSCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.36 | NEUTRAL | The Stochastics value for CSCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CSCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.69 | NEGATIVE | The low ADX value for CSCO suggests a weak or negative trend. |
CSCO Technicals: Chart, Performance Metrics, Trend & Indicators
77.74
-0.36 (-0.46%)
CISCO SYSTEMS INC / CSCO FAQ
What is the ChartMill technical rating of CISCO SYSTEMS INC (CSCO) stock?
ChartMill assigns a technical rating of 5 / 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 46.9934. 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 76.18 and a resistance level at 78.02. Check the full technical report for our detailed analysis of CSCO support and resistance levels.