Which way will CSCO go? Request
Stop-loss: $53.33 (-3.68%)
Key Stats
P/E Ratio 22.71
Beta 0.91
Trailing Dividend Rate 2.62% ($1.44)
* 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 69 and the stock is currently not being overbought or oversold

Green day on Friday for Cisco Systems stock after gaining 0.54% (Updated on July 30, 2021)

Buy or Hold candidate since 2021-06-21 Gain 4.12%

The Cisco Systems stock price gained 0.54% on the last trading day (Friday, 30th Jul 2021), rising from $55.07 to $55.37. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 0.87% from a day low at $55.01 to a day high of $55.49. The price has risen in 7 of the last 10 days and is up by 3.11% 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, 3 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $735.31 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.08% during the next 3 months and, with a 90% probability hold a price between $55.27 and $58.57 at the end of this 3-month period.

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 $55.10 and $53.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, July 26, 2021, and so far it has fallen -0.18%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

Cisco Systems finds support from accumulated volume at $53.26 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 $0.48 between high and low, or 0.87%. For the last week the stock has had a daily average volatility of 1.16%.

Our recommended stop-loss: $53.33 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 day(s) ago.)

Is Cisco Systems stock A Buy?

Several short-term signals, along with a general good trend, are positive and 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.

Current score: 2.699

Predicted Opening Price for Cisco Systems of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$55.29 $55.37 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

DZ Bank does not see either upside or downside right now giving CSCO "Buy - Hold" on their last update on May 27, 2021. The price target was set to $51.00.

1.16 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $55.47
Price: $55.37
Support: $53.26

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 55.77 0.72 %
55.59 0.39 %
55.47 0.19 %
Current price: 55.37
Support 55.11 -0.48 %
54.99 -0.68 %
54.81 -1.01 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
55.47 0.18 %
Current price 55.37
Support 53.26 -3.81%
52.92 -4.42%
52.85 -4.55%

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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

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