CISCO SYSTEMS INC. - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 47.67 USD
My targets
46.02 USD (-1.65%)
44.44 USD (-5.02%)
My analysis
CISCO SYSTEMS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 47.67 USD. The next support located at 46.02 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 44.44 USD. Below this support, sellers could then target 37.49 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CISCO SYSTEMS INC. rating 46.79 USD. The price registered a decrease of -0.11% on the session and was between 46.60 USD and 47.12 USD. This implies that the price is at +0.41% from its lowest and at -0.70% from its highest.46.60
47.12
46.79
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CISCO SYSTEMS INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.49 | 44.44 | 46.68 | 46.79 | 47.67 | 48.92 | 49.79 |
| Change (%) | -19.88% | -5.02% | -0.24% | - | +1.88% | +4.55% | +6.41% |
| Change | -9.30 | -2.35 | -0.11 | - | +0.88 | +2.13 | +3.00 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.60 | 46.14 | 46.49 | 47.03 | 47.38 | 47.92 | 48.27 |
| Camarilla | 46.60 | 46.68 | 46.76 | 46.84 | 46.92 | 47.00 | 47.09 |
| Woodie | 45.51 | 46.09 | 46.40 | 46.98 | 47.29 | 47.87 | 48.18 |
| Fibonacci | 46.14 | 46.48 | 46.69 | 47.03 | 47.37 | 47.58 | 47.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.02 | 46.81 | 47.34 | 48.13 | 48.66 | 49.45 | 49.98 |
| Camarilla | 47.50 | 47.62 | 47.74 | 47.86 | 47.98 | 48.10 | 48.22 |
| Woodie | 45.88 | 46.75 | 47.20 | 48.07 | 48.52 | 49.39 | 49.84 |
| Fibonacci | 46.81 | 47.32 | 47.63 | 48.13 | 48.64 | 48.95 | 49.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.67 | 44.82 | 45.90 | 48.05 | 49.13 | 51.28 | 52.36 |
| Camarilla | 46.09 | 46.39 | 46.68 | 46.98 | 47.28 | 47.57 | 47.87 |
| Woodie | 42.14 | 44.55 | 45.37 | 47.78 | 48.60 | 51.01 | 51.83 |
| Fibonacci | 44.82 | 46.05 | 46.82 | 48.05 | 49.28 | 50.05 | 51.28 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.81 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -8.18 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 46.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.42 | |
| Elder Ray (13): | -0.23 | |
| Super Trend (3,10): | 47.57 | |
| Zig ZAG (10): | 46.80 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 16.32 | |
| TEMA (21): | 46.70 | |
| Williams %R (14): | -81.96 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.57 |
| MA7: | 47.53 | |
| MA20: | 48.18 | |
| MA50: | 48.58 | |
| MA100: | 49.13 | |
| MAexp7: | 46.86 | |
| MAexp20: | 47.12 | |
| MAexp50: | 47.53 | |
| MAexp100: | 47.91 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | -2.89% | |
| Price / MA50: | -3.68% | |
| Price / MA100: | -4.76% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -1.56% | |
| Price / MAexp100: | -2.34% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on CISCO SYSTEMS INC.. At the time of publication of this analysis, the latest news was as follows:
- Innovative Financing for Amazon Region Preservation and Restoration
- Earth Day: How We're Helping Our Social and Environmental Systems Heal and Thrive
- Tech Tools for the Future: Zebras, AI, and Girls in ICT Day
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI
- Cisco Completes Acquisition of Isovalent to Define the Future of Multicloud Networking and Security
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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