CISCO SYSTEMS INC. - 1H - Technical analysis published on 11/28/2023 (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
22%
50%
28%
My opinion
Bearish under 48.44 USD
My targets
47.30 USD (-1.21%)
46.20 USD (-3.51%)
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 48.44 USD. The next support located at 47.30 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 46.20 USD. Below this support, sellers could then target 45.03 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The CISCO SYSTEMS INC. rating is 47.88 USD. On the day, this instrument lost -0.10% and was between 47.81 USD and 48.19 USD. This implies that the price is at +0.15% from its lowest and at -0.64% from its highest.47.81
48.19
47.88
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CISCO SYSTEMS INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45.03 | 46.20 | 47.30 | 47.88 | 48.44 | 49.46 | 50.87 |
| Change (%) | -5.95% | -3.51% | -1.21% | - | +1.17% | +3.30% | +6.24% |
| Change | -2.85 | -1.68 | -0.58 | - | +0.56 | +1.58 | +2.99 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.31 | 47.61 | 47.77 | 48.07 | 48.23 | 48.53 | 48.69 |
| Camarilla | 47.80 | 47.85 | 47.89 | 47.93 | 47.97 | 48.01 | 48.06 |
| Woodie | 47.24 | 47.58 | 47.70 | 48.04 | 48.16 | 48.50 | 48.62 |
| Fibonacci | 47.61 | 47.79 | 47.89 | 48.07 | 48.25 | 48.35 | 48.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.96 | 47.25 | 47.81 | 48.10 | 48.66 | 48.95 | 49.51 |
| Camarilla | 48.13 | 48.20 | 48.28 | 48.36 | 48.44 | 48.52 | 48.59 |
| Woodie | 47.09 | 47.32 | 47.94 | 48.17 | 48.79 | 49.02 | 49.64 |
| Fibonacci | 47.25 | 47.58 | 47.78 | 48.10 | 48.43 | 48.63 | 48.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.13 | 49.11 | 50.62 | 52.60 | 54.11 | 56.09 | 57.60 |
| Camarilla | 51.17 | 51.49 | 51.81 | 52.13 | 52.45 | 52.77 | 53.09 |
| Woodie | 46.90 | 48.99 | 50.39 | 52.48 | 53.88 | 55.97 | 57.37 |
| Fibonacci | 49.11 | 50.44 | 51.27 | 52.60 | 53.93 | 54.76 | 56.09 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.33 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -8.20 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 47.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.88 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 48.54 | |
| Zig ZAG (10): | 48.00 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 37.97 | |
| TEMA (21): | 48.12 | |
| Williams %R (14): | -69.47 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.92 |
| MA7: | 48.02 | |
| MA20: | 50.85 | |
| MA50: | 52.31 | |
| MA100: | 53.05 | |
| MAexp7: | 48.02 | |
| MAexp20: | 48.11 | |
| MAexp50: | 48.66 | |
| MAexp100: | 49.72 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -5.84% | |
| Price / MA50: | -8.47% | |
| Price / MA100: | -9.75% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.48% | |
| Price / MAexp50: | -1.60% | |
| Price / MAexp100: | -3.70% |
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:
- Cisco Launches New Business Performance Insight and Visibility for Modern Applications on AWS
- Cisco Doubles Down on Network Assurance with AWS
- Sustainability, Collaboration, and Cisco: A Channel Leader's Perspective
- Cisco to Host 2023 Virtual Annual Meeting of Stockholders
- Cisco Announces December 2023 Event with the Financial Community
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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