Cisco Technical Analysis (NASDAQ:CSCO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The CSCO stock chart pattern can give those who understand technical analysis an indication of which way CSCO stock is headed, but cannot predict with 100% certainty as to what can happen to the Cisco stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Cisco. Technical analysis uses an approach for Cisco stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cisco Moving Average
Moving averages show the average price of CSCO stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $44.54 is below the last closing price of $45.01 and the 50 day moving average of $42.39 is below the last closing price of $45.01. The 10 and 20 day periods can predict short term moving average trends.
Cisco Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CSCO stock. Currently the stock price of $45.01 is in the upper range of Cisco bollinger bands.
Cisco Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Cisco MACD indicator is below 0 indicating a bearish trend.
Cisco Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CSCO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.