CISCO SYSTEMS INC. - 1H - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 50.48 USD
My targets
49.85 USD (-0.54%)
49.43 USD (-1.38%)
My analysis
The bearish trend is currently very strong for CISCO SYSTEMS INC.. As long as the price remains below the resistance at 50.48 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 49.85 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 49.43 USD as an objective. Crossing it would then enable sellers to target 49.09 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CISCO SYSTEMS INC. rating 50.12 USD. The price registered a decrease of -0.12% on the session with the lowest point at 49.82 USD and the highest point at 50.46 USD. The deviation from the price is +0.60% for the low point and -0.67% for the high point.49.82
50.46
50.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CISCO SYSTEMS INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CISCO SYSTEMS INC. in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
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 | 49.09 | 49.43 | 49.85 | 50.12 | 50.48 | 51.22 | 51.82 |
| Change (%) | -2.06% | -1.38% | -0.54% | - | +0.72% | +2.19% | +3.39% |
| Change | -1.03 | -0.69 | -0.27 | - | +0.36 | +1.10 | +1.70 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.65 | 48.86 | 49.52 | 50.73 | 51.39 | 52.60 | 53.26 |
| Camarilla | 49.67 | 49.84 | 50.01 | 50.18 | 50.35 | 50.52 | 50.69 |
| Woodie | 47.38 | 48.72 | 49.25 | 50.59 | 51.12 | 52.46 | 52.99 |
| Fibonacci | 48.86 | 49.57 | 50.02 | 50.73 | 51.44 | 51.89 | 52.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.95 | 50.58 | 51.36 | 51.99 | 52.77 | 53.40 | 54.18 |
| Camarilla | 51.75 | 51.88 | 52.01 | 52.14 | 52.27 | 52.40 | 52.53 |
| Woodie | 50.03 | 50.62 | 51.44 | 52.03 | 52.85 | 53.44 | 54.26 |
| Fibonacci | 50.58 | 51.12 | 51.45 | 51.99 | 52.53 | 52.86 | 53.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.68 | 47.55 | 48.87 | 50.74 | 52.06 | 53.93 | 55.25 |
| Camarilla | 49.30 | 49.60 | 49.89 | 50.18 | 50.47 | 50.77 | 51.06 |
| Woodie | 45.40 | 47.41 | 48.59 | 50.60 | 51.78 | 53.79 | 54.97 |
| Fibonacci | 47.55 | 48.77 | 49.53 | 50.74 | 51.96 | 52.72 | 53.93 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.96 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -19.77 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 50.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.41 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 51.05 | |
| Zig ZAG (10): | 50.18 | |
| VORTEX (21): | 0.6900 | |
| Stochastique (14,3,5): | 15.56 | |
| TEMA (21): | 49.82 | |
| Williams %R (14): | -85.14 | |
| Chande Momentum Oscillator (20): | -0.46 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 6.16 |
| MA7: | 51.51 | |
| MA20: | 50.92 | |
| MA50: | 49.63 | |
| MA100: | 51.24 | |
| MAexp7: | 50.22 | |
| MAexp20: | 50.73 | |
| MAexp50: | 51.18 | |
| MAexp100: | 51.10 | |
| Price / MA7: | -2.70% | |
| Price / MA20: | -1.57% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | -2.19% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -1.20% | |
| Price / MAexp50: | -2.07% | |
| Price / MAexp100: | -1.92% |
Quotes :
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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:
- Cisco Schedules Conference Call for Q2 Fiscal Year 2024 Financial Results
- Hitachi Vantara and Cisco Unveil Next-Gen Hybrid Cloud Managed Services to Address Complexity, Cost Challenges
- Cisco’s Sustainability 101: What Are Smart Grids?
- Cisco Collaborates with Microsoft and Samsung to Deliver Superior Meeting Room Experiences
- Kyndryl Introduces New Security Edge Services with Cisco
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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