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Cisco Technical Analysis - Cisco Trading: 2022-08-19
Cisco Technical Analysis Summary
Above 49.92
Buy Stop
Below 44.52
Stop Loss
| Indicator | Signal |
| RSI | Sell |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Cisco Chart Analysis
Cisco Technical Analysis
The technical analysis of the Cisco stock price chart on daily timeframe shows #S-CSCO, Daily is rebounding toward 200-day moving average MA(200) which is declining. RSI is in the overbought zone. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 49.92. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the lower boundary of Donchian channel at 44.52. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (44.52) without reaching the order (49.92), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Cisco
Cisco stock rose after the networking products maker raised its 2023 revenue forecast. Will the Cisco stock price continue advancing?
Cisco reported lower Q4 fiscal 2022 earnings while revenues remained flat at $13.1 billion over year. GAAP net income decreased 6.45% year over year to $2.815 billion. Both beat Wall Street forecast. For the quarter, GAAP total gross margin declined to 61.3% from 63.3% one year ago. Cisco repurchased $2.4 billion worth of common stock over the three months at an average price of $44.02 and paid out $1.6 billion in dividends The company reported easing supply chain constraints. At the same time the networking products maker raised 2023 revenue forecast – it is expected to increase as much as 6%. Shares of the company closed up 5.81% over day on Thursday. Higher revenue expectations are bullish for a stock price.
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