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Cisco Technical Analysis - Cisco Trading: 2022-05-19

Cisco Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 51.62

Buy Stop

Below 47.51

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2069
IndicatorSignal
RSI Buy
MACD Buy
Donchian Channel Sell
MA(200) Sell
Fractals Neutral
Parabolic SAR Buy

Cisco Chart Analysis

Cisco Chart Analysis

Cisco Technical Analysis

The technical analysis of the Cisco stock price chart on daily timeframe shows #S-CSCO, Daily is falling after multiple unsuccessful tests of the 200-day moving average MA(200) which is tilted down while the RSI indicator has formed a bullish divergence. We believe the bullish momentum will resume after the price breaches above the upper boundary of Donchian channel at 51.62. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 47.51. After placing the order, the stop loss is to be moved every day to the next fractal low, 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 (47.51) without reaching the order (51.62), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Cisco

Cisco stock fell after the networking products maker lowered its annual revenue forecast. Will the Cisco stock price continue declining?

Cisco had projected revenue growth of 3% to 5%. Analysts had predicted decelerating order growth: the computer networking giant has reported product order growth of more than 30% for three straight quarters. Morgan Stanley foresaw the orders growth decelerating to over 20% in its earnings preview. Cisco cut its full-year earnings forecast on Wednesday – it now expects revenue growth of 2% to 3% in fiscal 2022. Besides the subdued guidance, the company reported third-quarter revenue of $12.8 billion, compared with expectations of $13.87 billion. Cisco cited a $200 million hit from ceasing operations in Russia and Belarus for third-quarter revenue growth and severe component shortages over the coming quarters as reasons for underperformance and disappointing guidance. Shares fell 13% in extended trading

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