CISCO SYSTEMS INC. - 1H - Technical analysis published on 05/31/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 46.87 USD
My targets
45.85 USD (-0.56%)
44.44 USD (-3.62%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CISCO SYSTEMS INC. as long as the price remains well below 46.87 USD. The sellers' bearish objective is set at 45.85 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 44.44 USD. In case of crossing, the next objective would be the support located at 37.49 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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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 46.11 USD. The price is lower by -0.02% since the last closing with the lowest point at 46.05 USD and the highest point at 46.42 USD. The deviation from the price is +0.13% for the low point and -0.67% for the high point.46.05
46.42
46.11
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CISCO SYSTEMS INC. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 37.49 | 44.44 | 45.85 | 46.11 | 46.87 | 47.67 | 48.93 |
| Change (%) | -18.69% | -3.62% | -0.56% | - | +1.65% | +3.38% | +6.12% |
| Change | -8.62 | -1.67 | -0.26 | - | +0.76 | +1.56 | +2.82 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.47 | 45.73 | 45.93 | 46.19 | 46.39 | 46.65 | 46.85 |
| Camarilla | 45.99 | 46.04 | 46.08 | 46.12 | 46.16 | 46.20 | 46.25 |
| Woodie | 45.43 | 45.72 | 45.89 | 46.18 | 46.35 | 46.64 | 46.81 |
| Fibonacci | 45.73 | 45.91 | 46.02 | 46.19 | 46.37 | 46.48 | 46.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.15 | 45.27 | 45.84 | 46.96 | 47.53 | 48.65 | 49.22 |
| Camarilla | 45.96 | 46.11 | 46.27 | 46.42 | 46.58 | 46.73 | 46.89 |
| Woodie | 43.89 | 45.13 | 45.58 | 46.82 | 47.27 | 48.51 | 48.96 |
| Fibonacci | 45.27 | 45.91 | 46.31 | 46.96 | 47.60 | 48.00 | 48.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.67 | 44.82 | 45.90 | 48.05 | 49.13 | 51.28 | 52.36 |
| Camarilla | 46.09 | 46.39 | 46.68 | 46.98 | 47.28 | 47.57 | 47.87 |
| Woodie | 42.14 | 44.55 | 45.37 | 47.78 | 48.60 | 51.01 | 51.83 |
| Fibonacci | 44.82 | 46.05 | 46.82 | 48.05 | 49.28 | 50.05 | 51.28 |
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): | 43.19 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -5.79 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 46.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 45.93 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 46.77 | |
| Zig ZAG (10): | 46.20 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 48.76 | |
| TEMA (21): | 46.20 | |
| Williams %R (14): | -55.43 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.04 |
| MA7: | 46.45 | |
| MA20: | 47.42 | |
| MA50: | 48.07 | |
| MA100: | 48.77 | |
| MAexp7: | 46.22 | |
| MAexp20: | 46.30 | |
| MAexp50: | 46.67 | |
| MAexp100: | 47.10 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -2.76% | |
| Price / MA50: | -4.08% | |
| Price / MA100: | -5.45% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -1.20% | |
| Price / MAexp100: | -2.10% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on CISCO SYSTEMS INC. at the time of the generation of this analysis was as follows:
- CIT Northbridge Credit Provides $75 Million to Cisco Equipment Rentals
- Legrand Products to Power Cisco Live! Network Operation Center
- Chloris Geospatial, the leading company in global forest carbon monitoring, welcomes the Cisco Foundation and NextSTEP as investors
- ZPE Systems Unveils IT Resilience Products at Cisco Live, Including Solution to Protect AI Investments
- Cisco Announces June 2024 Events with the Financial Community
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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