Cisco Systems, Inc. Stock Forecast
Red day on Friday for Cisco Systems, Inc.
(Updated on May 03, 2024)
The Cisco Systems, Inc. stock price fell by -0.126% on the last day (Friday, 3rd May 2024) from 43.60€ to 43.54€. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.56% from a day low at 43.30€ to a day high of 43.97€. The price has fallen in 7 of the last 10 days and is down by -3.41% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 9 thousand shares were bought and sold for approximately 378.28€ thousand.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 43.73€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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CIS.F Signals & Forecast
There are few to no technical positive signals at the moment. The Cisco Systems, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 44.37€ and 45.30€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -5.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Cisco Systems, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.675€ between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.36%
Cisco Systems, Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIS.F) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cisco Systems, Inc. to open at 43.60€, and during the day (based on 14 day Average True Range), to move between 42.92€ and 44.16€, which gives a possible trading interval of +/-0.620€ (+/-1.42%) up or down from last closing price. If Cisco Systems, Inc. takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 44.94€, some 1.40€ (3.22%) from the current price of 43.54€, our system finds the risk reward not very attractive.
Is Cisco Systems, Inc. stock A Buy?
Cisco Systems, Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.017 Sell Candidate Unchanged
Predicted Opening Price for Cisco Systems, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 43.60€ ( 0.142%) | 43.54€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIS.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.28 | 1.69 % | |
| R2 | 44.02 | 1.10 % | ||
| R1 | 43.86 | 0.734 % | ||
| Current price: | 43.54 | |||
| Support | S1 | 43.34 | -0.451 % | |
| S2 | 43.18 | -0.82 % | ||
| S3 | 42.93 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.02 | 5.70 % | |
| R2 | 45.64 | 4.82 % | ||
| R1 | 44.94 | 3.22 % | ||
| Current price | 43.54 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 24, 2024 | 0.371€ | 0% |
| 2 | Jan 03, 2024 | Jan 03, 2024 | Jan 03, 2024 | 0€ | 0% |
| 3 | Jul 05, 2023 | Jul 05, 2023 | Jul 05, 2023 | 0.390€ | 0% |
| 4 | Apr 04, 2023 | Apr 04, 2023 | Apr 04, 2023 | 0.390€ | 0% |
| 5 | Dec 07, 2022 | Jan 04, 2023 | Jan 25, 2023 | 0.380€ | 0% |
FAQ
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