CISCO SYSTEMS INC. - Daily - Technical analysis published on 07/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 45.84 USD
My targets
49.93 USD (+6.46%)
53.39 USD (+13.84%)
My analysis
CISCO SYSTEMS INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 45.84 USD. The next resistance located at 49.93 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 53.39 USD. After this resistance, buyers could then target 58.05 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The CISCO SYSTEMS INC. price is 46.90 USD. The price registered a decrease of -0.26% on the session and was between 46.53 USD and 47.11 USD. This implies that the price is at +0.80% from its lowest and at -0.45% from its highest.46.53
47.11
46.90
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CISCO SYSTEMS INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 40.28 | 43.64 | 45.84 | 46.90 | 47.11 | 49.93 | 58.05 |
Change (%) | -14.12% | -6.95% | -2.26% | - | +0.45% | +6.46% | +23.77% |
Change | -6.62 | -3.26 | -1.06 | - | +0.21 | +3.03 | +11.15 |
Level | Major | Major | Intermediate | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 46.33 | 46.59 | 46.81 | 47.07 | 47.28 | 47.54 | 47.76 |
Camarilla | 46.89 | 46.93 | 46.98 | 47.02 | 47.06 | 47.11 | 47.15 |
Woodie | 46.31 | 46.58 | 46.78 | 47.05 | 47.26 | 47.53 | 47.73 |
Fibonacci | 46.59 | 46.77 | 46.88 | 47.07 | 47.25 | 47.36 | 47.54 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 43.85 | 44.52 | 45.64 | 46.31 | 47.43 | 48.10 | 49.22 |
Camarilla | 46.26 | 46.42 | 46.59 | 46.75 | 46.91 | 47.08 | 47.24 |
Woodie | 44.07 | 44.63 | 45.86 | 46.42 | 47.65 | 48.21 | 49.44 |
Fibonacci | 44.52 | 45.21 | 45.63 | 46.31 | 47.00 | 47.42 | 48.10 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 39.44 | 41.54 | 44.09 | 46.19 | 48.74 | 50.84 | 53.39 |
Camarilla | 45.36 | 45.79 | 46.21 | 46.64 | 47.07 | 47.49 | 47.92 |
Woodie | 39.67 | 41.65 | 44.32 | 46.30 | 48.97 | 50.95 | 53.62 |
Fibonacci | 41.54 | 43.32 | 44.41 | 46.19 | 47.97 | 49.06 | 50.84 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 55.75 | |
MACD (12,26,9): | 0.3300 | |
Directional Movement: | 4.77 | |
AROON (14): | 21.43 | |
DEMA (21): | 46.74 | |
Parabolic SAR (0,02-0,02-0,2): | 44.30 | |
Elder Ray (13): | 0.35 | |
Super Trend (3,10): | 48.62 | |
Zig ZAG (10): | 46.90 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 84.79 | |
TEMA (21): | 46.67 | |
Williams %R (14): | -20.00 | |
Chande Momentum Oscillator (20): | 0.48 | |
Repulse (5,40,3): | 1.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0800 | |
Courbe Coppock: | 3.14 |
MA7: | 46.58 | |
MA20: | 46.20 | |
MA50: | 45.86 | |
MA100: | 42.95 | |
MAexp7: | 46.67 | |
MAexp20: | 46.31 | |
MAexp50: | 45.51 | |
MAexp100: | 44.91 | |
Price / MA7: | +0.69% | |
Price / MA20: | +1.52% | |
Price / MA50: | +2.27% | |
Price / MA100: | +9.20% | |
Price / MAexp7: | +0.49% | |
Price / MAexp20: | +1.27% | |
Price / MAexp50: | +3.05% | |
Price / MAexp100: | +4.43% |
Quotes :
2020-07-22 19:59:59
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on CISCO SYSTEMS INC.. At the time of publication of this analysis, the latest news was as follows:
- CBTS, Cisco Meraki, and the Cincinnati Reds Team up for a Win
- Cisco Systems and Acacia Communications Provide Status Update of Pending Acquisition
- New Cisco Report Reveals Key Insights on How the Pandemic Has Changed the Future of Work
- Cisco Meraki Adds Phunware COVID-19 Mobile Solutions to Meraki Marketplace
- Cisco Delivers Enhanced Network Insights, Enables Smarter Automation
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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