Taking everything into account, CSCO scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although CSCO has an excellent technical rating, it does not offer a high quality setup 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.
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3 important support areas can be observed.
- Support @72.55 from a trend line in the daily time frame.
- A support zone ranging from 66.20 to 67.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @64.41 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 76.61 to 78.32. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CSCO is neutral. |
| ChartMill Relative Strength | 85.3 | POSITIVE | CSCO has a high relative strength, it outperformed 85.3% 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 | 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) | 47.35 | NEUTRAL | The RSI value for CSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests CSCO has a negative trend. |
| Stochastics (14,3) | 33.43 | NEUTRAL | The Stochastics value for CSCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CSCO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.29 | POSITIVE | The high ADX value value for CSCO suggests a strong trend. |
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-1.55 (-2%)
CISCO SYSTEMS INC / CSCO FAQ
What is the ChartMill technical rating of CISCO SYSTEMS INC (CSCO) stock?
ChartMill assigns a technical rating of 9 / 10 to CSCO.
Can you provide the trend direction for CISCO SYSTEMS INC?
The current trend direction for CISCO SYSTEMS INC (CSCO) is Bullish.
Can you provide the RSI signal for CISCO SYSTEMS INC?
CISCO SYSTEMS INC (CSCO) has an RSI value of 47.3462. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CISCO SYSTEMS INC?
The MACD indicator for CISCO SYSTEMS INC (CSCO) has a value of -0.37082, indicating a bearish trend.
Can you provide the support and resistance levels for CISCO SYSTEMS INC?
CISCO SYSTEMS INC (CSCO) has a support level at 72.55 and a resistance level at 76.61. Check the full technical report for our detailed analysis of CSCO support and resistance levels.