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$58.08 (1.97%)

Volume: 23M

Closed: Dec 07, 2021

Hollow Logo Score: 2.881

Cisco Systems Stock Forecast

$58.08 (1.97%)

Volume: 23M

Closed: Dec 07, 2021

Score Hollow Logo 2.881
Which way will CSCO go? Request
Tue, Dec 07, 2021 Buy Candidate Upgraded
Stop-loss: $55.59 (-4.29%)
Key Stats
P/E Ratio 21.08
Beta 0.83
Trailing Dividend Rate 2.55% ($1.46)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 54 and the stock is currently not being overbought or oversold

Stronger technical forecast for Cisco Systems stock price after Tuesday trading.
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-06 Gain 1.97%

The Cisco Systems stock price gained 1.97% on the last trading day (Tuesday, 7th Dec 2021), rising from $56.96 to $58.08. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 2.11% from a day low at $57.01 to a day high of $58.22. The price has risen in 8 of the last 10 days and is up by 6.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 339 thousand more shares were traded than the day before. In total, 23 million shares were bought and sold for approximately $1.36 billion.

The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $57.58 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $62.03 sometime during the next 3 months.

Signals & Forecast

The Cisco Systems stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $56.15 and $56.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, November 19, 2021, and so far it has risen 9.07%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, October 26, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, October 26, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Cisco Systems finds support from accumulated volume at $56.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.21 (2.11%) between high and low. For the last week, the stock has had a daily average volatility of 2.17%.

Since the Cisco Systems has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $55.59 (-4.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Is Cisco Systems stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Cisco Systems stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.881

Predicted Opening Price for Cisco Systems of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$57.77 $58.08 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 18, 2021 "Credit Suisse Group" gave "$74.00 - $73.00" rating for CSCO. The price target was changed from $52.23 to 8.0%.

Volatility and Risk
Daily Average Volatility: 2.17 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.17 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $58.10
Price: $58.08
Support: $56.76

CSCO Insider Trading Show all Trades

INSIDER POWER

1.372

Last 100 transactions
Buy: 1 297 810 | Sell: 945 793 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Sell 162 959 Robbins Charles Common Stock
Nov 22, 2021 Sell 100 Bhatt Prat Common Stock
Nov 22, 2021 Sell 11 022 Bhatt Prat Common Stock
Nov 22, 2021 Sell 1 600 Bhatt Prat Common Stock
Nov 10, 2021 Sell 74 935 Elliott Geraldine Common Stock
Show all Insider Trades
INSIDER POWER

1.372

Last 100 transactions
Buy: 1 297 810 | Sell: 945 793 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 58.97 1.54 %
58.51 0.75 %
58.23 0.26 %
Current price: 58.08
Support 57.31 -1.33 %
57.02 -1.82 %
56.56 -2.61 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 58.68 1.03 %
58.60 0.90 %
58.10 0.0344 %
Current price 58.08
Support 56.76 -2.27%
54.84 -5.58%
53.63 -7.66%

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About Cisco Systems

Cisco Systems Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. It provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that inte... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

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