CISCO SYSTEMS INC. - Daily - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 49.14 USD
My targets
46.27 USD (-0.19%)
43.56 USD (-6.04%)
My analysis
The bearish trend is currently very strong for CISCO SYSTEMS INC.. As long as the price remains below the resistance at 49.14 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 46.27 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 43.56 USD as an objective. Crossing it would then enable sellers to target 40.28 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
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CISCO SYSTEMS INC. rating is 46.36 USD. The price registered an increase of +0.67% on the session and was traded between 46.03 USD and 46.58 USD over the period. The price is currently at +0.72% from its lowest and -0.47% from its highest.46.03
46.58
46.36
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 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 bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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 : 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 | 43.56 | 46.27 | 46.36 | 49.14 | 51.30 | 54.74 |
| Change (%) | -13.11% | -6.04% | -0.19% | - | +6.00% | +10.66% | +18.08% |
| Change | -6.08 | -2.80 | -0.09 | - | +2.78 | +4.94 | +8.38 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | 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 | 45.30 | 45.65 | 45.85 | 46.20 | 46.40 | 46.75 | 46.95 |
| Camarilla | 45.90 | 45.95 | 46.00 | 46.05 | 46.10 | 46.15 | 46.20 |
| Woodie | 45.23 | 45.61 | 45.78 | 46.16 | 46.33 | 46.71 | 46.88 |
| Fibonacci | 45.65 | 45.86 | 45.99 | 46.20 | 46.41 | 46.54 | 46.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.80 | 44.17 | 45.37 | 46.74 | 47.94 | 49.31 | 50.51 |
| Camarilla | 45.85 | 46.09 | 46.32 | 46.56 | 46.80 | 47.03 | 47.27 |
| Woodie | 42.71 | 44.13 | 45.28 | 46.70 | 47.85 | 49.27 | 50.42 |
| Fibonacci | 44.17 | 45.16 | 45.76 | 46.74 | 47.73 | 48.33 | 49.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.87 | 44.54 | 46.97 | 48.64 | 51.07 | 52.74 | 55.17 |
| Camarilla | 48.28 | 48.66 | 49.03 | 49.41 | 49.79 | 50.16 | 50.54 |
| Woodie | 43.26 | 44.73 | 47.36 | 48.83 | 51.46 | 52.93 | 55.56 |
| Fibonacci | 44.54 | 46.10 | 47.07 | 48.64 | 50.20 | 51.17 | 52.74 |
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): | 39.60 | |
| MACD (12,26,9): | -0.8400 | |
| Directional Movement: | -15.99 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 46.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.33 | |
| Elder Ray (13): | -0.79 | |
| Super Trend (3,10): | 49.27 | |
| Zig ZAG (10): | 46.36 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 17.35 | |
| TEMA (21): | 46.35 | |
| Williams %R (14): | -81.25 | |
| Chande Momentum Oscillator (20): | -2.48 | |
| Repulse (5,40,3): | -1.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 11.26 |
| MA7: | 46.59 | |
| MA20: | 47.92 | |
| MA50: | 48.60 | |
| MA100: | 52.22 | |
| MAexp7: | 46.61 | |
| MAexp20: | 47.54 | |
| MAexp50: | 49.13 | |
| MAexp100: | 50.61 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -3.26% | |
| Price / MA50: | -4.61% | |
| Price / MA100: | -11.22% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -2.48% | |
| Price / MAexp50: | -5.64% | |
| Price / MAexp100: | -8.40% |
News
The last news published on CISCO SYSTEMS INC. at the time of the generation of this analysis was as follows:
- Cisco Completes Acquisition of CloudCherry
- Flex Receives Six Cisco 2019 Supplier Appreciation Awards
- Cisco Extends Webex Security Options Without Compromising User Experience
- Cisco Demonstrates 26.4Tbps on MAREA Transatlantic Subsea Cable
- Cisco Declares Quarterly Cash Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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