Cisco Systems, Inc. Stock Forecast

Red day on Friday for Cisco Systems, Inc.
(Updated on May 17, 2024)

CIS.F Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 44.72€ and 44.96€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.10%. Further fall is indicated until a new bottom pivot has been found. 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

Cisco Systems, Inc. finds support from accumulated volume at 44.13€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.535€ between high and low, or 1.21%. For the last week the stock has had daily average volatility of 2.39%

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 20th

For the upcoming trading day on Monday, 20th we expect Cisco Systems, Inc. to open at 44.49€, and during the day (based on 14 day Average True Range), to move between 43.59€ and 45.13€, which gives a possible trading interval of +/-0.770€ (+/-1.74%) up or down from last closing price. If Cisco Systems, Inc. takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 44.13€ (0.53%) than the resistance at 44.74€ (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -4.058 Sell Candidate Unchanged

Predicted Opening Price for Cisco Systems, Inc. of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.