Taking everything into account, CSCO scores 4 out of 10 in our technical rating. CSCO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month CSCO has a been trading in the 72.80 - 79.14 range, which is quite wide. It is currently trading near the lows of this range.
- 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 21781400 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 yearly performance of all stocks, we notice that CSCO is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CSCO is an average performer in the Communications Equipment industry, it outperforms 59% of 48 stocks in the same industry.
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
65.08
4 important support areas can be observed.
- A support zone ranging from 73.35 to 73.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.84 from a trend line in the daily time frame.
- Support @67.18 from a horizontal line in the daily time frame.
- Support @65.74 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 74.38 to 76.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 78.39 to 78.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @80.25 from a horizontal line in the daily 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 | 72.7 | POSITIVE | CSCO has a high relative strength, it outperformed 72.7% 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) | UP | MIXED | The current price of CSCO is below 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) | 39.55 | NEUTRAL | The RSI value for CSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CSCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.06 | NEUTRAL | The Stochastics value for CSCO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for CSCO suggests low volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for CSCO suggests a possible start of a new trend. |
73.69
+0.34 (+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 4 / 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 39.5481. 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 73.68 and a resistance level at 74.38. Check the full technical report for our detailed analysis of CSCO support and resistance levels.