CISCO SYSTEMS INC. - Daily - Technical analysis published on 11/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 55.61 USD
My targets
58.24 USD (+1.52%)
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 55.61 USD. The next resistance located at 58.24 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CISCO SYSTEMS INC. rating 57.37 USD. The price is lower by -0.23% since the last closing with the lowest point at 57.10 USD and the highest point at 57.93 USD. The deviation from the price is +0.47% for the low point and -0.97% for the high point.57.10
57.93
57.37
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CISCO SYSTEMS INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 support of channel
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 49.27 | 55.61 | 56.76 | 57.37 | 58.24 |
| Change (%) | -14.12% | -3.07% | -1.06% | - | +1.52% |
| Change | -8.10 | -1.76 | -0.61 | - | +0.87 |
| Level | Major | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.02 | 56.31 | 56.91 | 57.20 | 57.80 | 58.09 | 58.69 |
| Camarilla | 57.26 | 57.34 | 57.42 | 57.50 | 57.58 | 57.66 | 57.75 |
| Woodie | 56.17 | 56.39 | 57.06 | 57.28 | 57.95 | 58.17 | 58.84 |
| Fibonacci | 56.31 | 56.65 | 56.86 | 57.20 | 57.54 | 57.75 | 58.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.52 | 55.87 | 56.67 | 58.02 | 58.82 | 60.17 | 60.97 |
| Camarilla | 56.87 | 57.07 | 57.26 | 57.46 | 57.66 | 57.85 | 58.05 |
| Woodie | 54.24 | 55.73 | 56.39 | 57.88 | 58.54 | 60.03 | 60.69 |
| Fibonacci | 55.87 | 56.70 | 57.20 | 58.02 | 58.85 | 59.35 | 60.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.95 | 49.43 | 52.10 | 54.58 | 57.25 | 59.73 | 62.40 |
| Camarilla | 53.35 | 53.83 | 54.30 | 54.77 | 55.24 | 55.71 | 56.19 |
| Woodie | 47.05 | 49.48 | 52.20 | 54.63 | 57.35 | 59.78 | 62.50 |
| Fibonacci | 49.43 | 51.40 | 52.61 | 54.58 | 56.55 | 57.76 | 59.73 |
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): | 60.96 | |
| MACD (12,26,9): | 0.8800 | |
| Directional Movement: | 10.42 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 58.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 56.35 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 56.10 | |
| Zig ZAG (10): | 57.82 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 58.51 | |
| TEMA (21): | 58.06 | |
| Williams %R (14): | -36.27 | |
| Chande Momentum Oscillator (20): | 1.67 | |
| Repulse (5,40,3): | 2.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 7.02 |
| MA7: | 57.75 | |
| MA20: | 57.00 | |
| MA50: | 54.75 | |
| MA100: | 51.15 | |
| MAexp7: | 57.63 | |
| MAexp20: | 57.02 | |
| MAexp50: | 54.91 | |
| MAexp100: | 52.52 | |
| Price / MA7: | -0.66% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +4.79% | |
| Price / MA100: | +12.16% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +4.48% | |
| Price / MAexp100: | +9.23% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on CISCO SYSTEMS INC. at the time of the analysis were as follows:
- Cisco's 2024 AI Readiness Index: Urgency Rises, Readiness Falls
- Replate's AI-Driven Technology Is Helping Eliminate Global Food Waste
- Cisco and MGM Resorts International Sign Multi-Year Agreement
- Cisco to Participate in RBC Conference
- Beyond Philanthropy: The Cisco Foundation's Commitment to Thriving Communities
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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