RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CSCO
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Stronger technical forecast for Cisco stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Cisco stock price gained 0.281% on the last trading day (Thursday, 28th Mar 2024), rising from $49.77 to $49.91. During the last trading day the stock fluctuated 0.773% from a day low at $49.81 to a day high of $50.20. The price has been going up and down for this period, and there has been a 0.24% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately $849.46 million.

The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $49.83, a level that may pose a second chance to hit a runner. According to fan-theory $52.23 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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CSCO Signals & Forecast

The Cisco 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 $49.73 and $49.27. A breakdown below any of these levels will issue sell signals. 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, March 11, 2024, and so far it has fallen -0.617%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Cisco stock

Cisco finds support from accumulated volume at $49.55 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 $0.385 between high and low, or 0.773%. For the last week the stock has had daily average volatility of 0.83%.

Our recommended stop-loss: $47.92 (-3.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (CSCO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cisco Systems to open at $49.97, and during the day (based on 14 day Average True Range), to move between $49.29 and $50.53, which gives a possible trading interval of +/-$0.617 (+/-1.24%) up or down from last closing price. If Cisco Systems takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $50.18 (0.54%) than the support at $49.55 (0.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cisco Systems stock A Buy?

Cisco holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.099 Hold/Accumulate Upgraded

Predicted Opening Price for Cisco Systems of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$49.97 ( 0.124%) $49.91

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 50.36 0.89 %
R2 50.21 0.600 %
R1 50.12 0.418 %
Current price: 49.91
Support S1 49.82 -0.171 %
S2 49.73 -0.353 %
S3 49.59 -0.648 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 50.51 1.20 %
R2 50.28 0.741 %
R1 50.18 0.541 %
Current price 49.91
Support S1 49.55 -0.721%
S2 49.06 -1.70%
S3 48.93 -1.96%

CSCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Apr 03, 2024 Apr 24, 2024 $0.400 0.80%
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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate 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 2024-03-28, the price of an Cisco (CSCO) share was $49.91.

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 2024-03-28, the market capitalization of Cisco is 201.528B.

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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