Cisco is Up for the 2nd Day in a Row

The Hourly View for Cisco

  • At the time of this writing, CSCO’s price is down $-0.17 (-0.31%) from the hour prior.
  • The hourly chart shows that Cisco has seen 2 straight down hours.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Cisco’s hourly price chart is shown below.

CSCO

The Daily View for Cisco

  • Currently, CSCO’s price is up $0.11 (0.19%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Cisco has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Cisco. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between CSCO’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in CSCO’s price.

Below is a daily price chart of Cisco.

CSCO

Featured Cisco Idea From TradingView

Below is a trading comment entitled Good R/R skew in long CSCO you may find interesting:

Nasdaq still feels bid. CSCO on the weekly view looks to have limited downside. risk 50bps for a few %…

geoffm123