Cisco Snaps a 3 Day Down Streak

The Hourly View for Cisco

  • Currently, CSCO’s price is up $0.04 (0.07%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Cisco has now gone up 5 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • The moving averages on the hourly 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.

Cisco’s hourly price chart is shown below.

CSCO

The Daily View for Cisco

  • At the time of this writing, CSCO’s price is up $0.44 (0.77%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • The moving averages on the daily 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.
  • 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

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