Cisco Trend May Be Changing as Price Just Breached Below Its 50 Day Moving Average

The Hourly View for Cisco

  • At the moment, CSCO’s price is down $-0.07 (-0.12%) from the hour prior.
  • The hourly chart shows that Cisco has seen 2 straight down hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Cisco. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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 moment, CSCO’s price is up $1.52 (2.71%) from the day prior.
  • Cisco has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being above it. 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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