Cisco Systems, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Cisco Systems, Inc. stock price down 0.423% on Thursday
(Updated on May 23, 2024)
The Cisco Systems, Inc. stock price fell by -0.423% on the last day (Thursday, 23rd May 2024) from 43.69€ to 43.50€. During the last trading day the stock fluctuated 2.08% from a day low at 43.07€ to a day high of 43.97€. The price has fallen in 6 of the last 10 days and is down by -1.89% for this period. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately 456.45€ thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 43.23€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.81% during the next 3 months and, with a 90% probability hold a price between 42.02€ and 44.24€ at the end of this 3-month period.
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CIS.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 0.346%. Further rise is indicated until a new top pivot has been found. 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 44.09€ and 44.70€. A break-up above any of these levels will issue buy signals. Cisco Systems, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A buy signal from a double bottom formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should go up by 6.10% to 46.15€ within 12 trading days since signal was issued (Friday, May 24, 2024).
Support, Risk & Stop-loss for Cisco Systems, Inc. stock
Cisco Systems, Inc. finds support from accumulated volume at 43.35€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.90€ between high and low, or 2.08%. For the last week the stock has had daily average volatility of 1.46%.
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 Friday 24th
For the upcoming trading day on Friday, 24th we expect Cisco Systems, Inc. to open at 43.51€, and during the day (based on 14 day Average True Range), to move between 42.75€ and 44.25€, which gives a possible trading interval of +/-0.755€ (+/-1.73%) 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 43.35€ (0.34%) than the resistance at 44.74€ (2.84%), 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: -2.945 Sell Candidate Unchanged
Predicted Opening Price for Cisco Systems, Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 43.51€ ( 0.0268%) | 43.50€ |
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 | 44.41 | 2.08 % | |
| R2 | 44.06 | 1.30 % | ||
| R1 | 43.85 | 0.81 % | ||
| Current price: | 43.50 | |||
| Support | S1 | 43.17 | -0.759 % | |
| S2 | 42.96 | -1.24 % | ||
| S3 | 42.62 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.02 | 5.79 % | |
| R2 | 44.94 | 3.31 % | ||
| R1 | 44.74 | 2.84 % | ||
| Current price | 43.50 | |||
| Support | S1 | 43.35 | -0.345% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 05, 2024 | Jul 05, 2024 | Jul 05, 2024 | 0€ | 0% |
| 2 | Apr 03, 2024 | Apr 03, 2024 | Apr 24, 2024 | 0.371€ | 0% |
| 3 | Jan 03, 2024 | Jan 03, 2024 | Jan 03, 2024 | 0€ | 0% |
| 4 | Jul 05, 2023 | Jul 05, 2023 | Jul 05, 2023 | 0.390€ | 0% |
| 5 | Apr 04, 2023 | Apr 04, 2023 | Apr 04, 2023 | 0.390€ | 0% |
FAQ
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