Technical Analysis: Cisco, Twitter And Genpact

Twitter Stock Technical Analysis

Twitter (NYSE:TWTR) stock price has formed a double top pattern. The stock price has breached the 20 day moving average line and is approaching the $36.93 price level which it had reached on January 15th forming the low of first top. The MACD is sending a bearish signal. The signal line has crossed the MACD line indicating that stock price is likely to go down and complete the double top formation. Volume is also picking up in lead up to the double top formation.
TWTR Technical chart

Twitter Technical Analysis Chart by

Cisco Stock Technical Analysis

Cisco (NASDAQ:CSCO) stock price is seen forming a head and shoulders pattern. The pattern started forming in mid-November, reaching the peak of the first shoulder on December 3rd. Subsequently, the stock price fell before rising to peak of the head on 30th December. Cisco stock price is currently trading at $26.8, marginally above the support line of $26.59 it reached at the end of the first shoulder pattern. The stock has also breached 50 day moving average support line. MACD also indicates a bearish movement ahead. The signal line has crossed the MACD line from below indicating that price is likely to fall.
CSCO Technical chart

Cisco Technical Analysis Chart by

Genpact Stock Technical Analysis

Genpact (NYSE:G) stock price is seen approaching the 20 day moving average line, which has been providing support since mid-October. However this time other indicators are sending bearish signal. RSI indicator indicates that the stock is overbought. The RSI indicator is currently at 75.25 level, above the overbought threshold of 70. MACD also indicates that prices are likely to drop. In a bearish move, the signal has crossed MACD line from below. However, the stock’s main test will be the 20 day moving average line.
G Technical chart

Genpact Technical Analysis Chart by

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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