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AI Analysis of CSCO
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Weaker technical forecast for Cisco as stock downgraded to Sell Candidate.
(Updated on Apr 22, 2024)

Sell candidate since Apr 22, 2024 PDF

The Cisco stock price fell by -0.373% on the last day (Monday, 22nd Apr 2024) from $48.32 to $48.14. During the last trading day the stock fluctuated 1.23% from a day low at $48.00 to a day high of $48.59. The price has fallen in 6 of the last 10 days and is down by -0.21% for this period. Volume has increased on the last day by 37 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, 20 million shares were bought and sold for approximately $948.98 million.

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 $47.68 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.29% during the next 3 months and, with a 90% probability hold a price between $45.64 and $48.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CSCO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.732%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cisco 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 $48.14 and $49.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Cisco stock

Cisco finds support from accumulated volume at $48.11 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 $0.590 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.13%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CSCO) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Cisco Systems to open at $48.24, and during the day (based on 14 day Average True Range), to move between $47.37 and $48.91, which gives a possible trading interval of +/-$0.773 (+/-1.61%) up or down from last closing price. If Cisco Systems takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $48.11 (0.06%) than the resistance at $48.93 (1.64%), 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 stock A Buy?

Cisco 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.097 Sell Candidate Downgraded

Predicted Opening Price for Cisco Systems of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$48.24 ( 0.215%) $48.14

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

Trading levels for CSCO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 48.83 1.44 %
R2 48.61 0.97 %
R1 48.47 0.683 %
Current price: 48.14
Support S1 48.02 -0.254 %
S2 47.88 -0.543 %
S3 47.65 -1.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 50.18 4.24 %
R2 49.06 1.91 %
R1 48.93 1.64 %
Current price 48.14
Support S1 48.11 -0.0623%
S2 48.06 -0.166%
S3 47.79 -0.727%

CSCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Apr 03, 2024 Apr 24, 2024 $0.400 0.83%
2 Nov 15, 2023 Jan 03, 2024 Jan 24, 2024 $0.390 0.760%
3 Aug 16, 2023 Oct 03, 2023 Oct 25, 2023 $0.390 0.744%
4 May 17, 2023 Jul 05, 2023 Jul 26, 2023 $0.390 0.733%
5 Feb 15, 2023 Apr 04, 2023 Apr 26, 2023 $0.390 0.84%

FAQ

What is the symbol for Cisco Stock and on which exchange is it traded?
The symbol for Cisco is CSCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cisco Stock?
Cisco 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Cisco Stock?
Cisco Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cisco Stock.

What's the current price of Cisco Stock?
As of the end of day on the Apr 22, 2024, the price of an Cisco (CSCO) share was $48.14.

What is the 52-week high and low for Cisco Stock?
The 52-week high for Cisco Stock is $58.19 and the 52-week low is $45.56.

What is the market capitalization of Cisco Stock?
As of the Apr 22, 2024, the market capitalization of Cisco is 195.657B.

When is the next earnings date for Cisco?
The upcoming earnings date for Cisco is May 15, 2024.
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About Cisco Systems

Cisco Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capa... CSCO Profile

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