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Cisco Technical Analysis - Cisco Trading: 2024-10-04
Cisco Technical Analysis Summary
Below 52.11
Sell Stop
Above 52.80
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Cisco Chart Analysis
Cisco Technical Analysis
The technical analysis of the Cisco stock price chart on 4-hour timeframe shows #S-CSCO,H4 is retracing down toward 200-period moving average MA(200) after hitting-eleven-month high three days ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 52.11. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 52.80. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (52.80) without reaching the order (52.11), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Cisco
Cisco Systems is set to invest in cloud services provider CoreWeave. Will the Cisco stock price continue retreating?
Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads. Cisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion. A boom in artificial intelligence applications has boosted demand for cloud-computing services. Cisco’s investment in expansion of infrastructure designed to power AI workloads is bullish for Cisco stock price. However, the current setup is bearish for the stock.
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