Mid to low 30s monthly target for CSCOThe bearish case here can not be ignored, especially if buyers fail to see value in higher prices in the 45 zone. Next zone to watch would be the .786 retracement around the 42 zone and below that we should anticipate the extension targets in the mid to low 30s.
CIS trade ideas
CSCO - bearish retest likelyhi traders
Let's have a look at CSCO on the weekly time frame.
CSCO look bearish but a short-term bounce and the bearish retest is pretty likely now.
If we get a bounce towards the previous upsloping support which should be acting as a resistance now, it may be a great opportunity to enter short position.
Target for shorts: 46.35
Do you agree?
Good time to buy CSCO, but need to be cautious since VIX is ...It's a very good time to buy CSCO, but need to be cautious since VIX is near the bottom - it means a bear move is coming soon. Also, we opened a short position on TGT.
After earnings, CSCO fell sharply downwards and the Bearish Greed indicator shows that CSCO is in the green buy zone, which creates good momentum.
CSCO - BEARISH SCENARIOCisco revised its yearly projections despite exceeding expectations in its fiscal first quarter, with a 9% stock decline afterward. The company reported adjusted EPS of $1.11 on $14.7 billion revenue, beating analyst predictions. Q2 projections are $0.82 to $0.84 EPS on $12.6B to $12.8B revenue, differing from estimates. Cisco adjusted its 2024 guidance to $3.87 to $3.93 EPS on $53.8B to $55.0B revenue, down from prior estimates. It anticipates a demand uptick in the latter half of the year after customers deploy recent products. Cisco remains committed to efficiency and shareholder returns.
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CISCO set for market volatilityCisco Traders Prepare for Earnings Results Today; EPS of 1.03 Expected
Cisco (CSCO) is a global networking infrastructure manufacturer. The company is set to open today's session at 53.37 after closing yesterday at 53.17, gaining 94 cents (1.8%).
Cisco traded 112% more shares than its average daily volume of 16.20 million shares.
Cisco's Recent Performance and Market Cap
Cisco has gained 2% in the previous 5 days.
It has outperformed the Nasdaq by 26.14% so far this year in terms of returns.
Cisco currently has a market cap of $215.37 billion.
Technical Outlook
Cisco bulls are looking to push the stock past a key resistance level at 53.54 as the next upside milestone if they maintain their dominance. In the short term, a break above this level could open up a new path for further gains towards 53.90 and 54.80. Cisco is also approaching a significant Bollinger Band® level at 53.75, which adds to the bullish sentiment building around the stock.
The uptrend for Cisco has seen its share price rise 2.25% over the past four days, and it is expected to continue with a further 94 cents, or a 1.8% rise today.
Analyst Opinion
Despite its strong performance in the current session, Cisco remains rated as a "Strong Sell" by analysts. However, the stock has outperformed the Nasdaq by 26.14% this year
Bad Times Ahead for CSCOWeekly Charts of CSCO
A-B-C Corrective Wave formation after 1-2-3-4-5 Motive Wave is complete. The Corrective Wave reached 78.6 percent retracement of the Motive Wave.
After completion of the Corrective Wave, CSCO made a large gap down on 21 September. Subsequently, it made two unsuccessful efforts to fill the gap.
CSCO is now testing a resistance level and will go down further for several weeks, if not more.
"Cisco's Earnings Report: NASDAQ Watch"Cisco's NASDAQ Surge: A Bullish Day
Cisco (CSCO) is witnessing a bullish trend today on the NASDAQ. The stock's robust performance is attributed to an impressive earnings report, which exceeded expectations. With a surge in demand for networking and cybersecurity solutions, Cisco's revenue and profitability have soared. Technical indicators, including the Relative Strength Index (RSI) and Simple Moving Averages (SMA), confirm the bullish sentiment, showing strong buying momentum and positive trends. As businesses increasingly rely on digital infrastructure, Cisco's position in the tech sector appears sturdy, making it a stock to watch for those seeking opportunities in today's market.
[S-009] CISCOTrading idea number S-009 | CISCO stock could raise to 60 USD area.
The setup is positive: The stock is trading above its 20- and 50-day moving averages, while prices have crossed the upper daily Bollinger band.
The RSI is above 50 and The MACD is positive above its signal line, both still showing room to climb on the weekly time frame.
📈 Long Entry at 55.98
💰 Take Profit at 59
💸 Stop Loss at 53.85
Buying CISCO on dips.Cisco Systems - 30d expiry - We look to Buy at 54.71 (stop at 52.71)
Daily signals are bullish.
A lower correction is expected.
There is no clear indication that the upward move is coming to an end.
50 1-day EMA is at 54.50.
The sequence for trading is higher highs and lows.
Our profit targets will be 59.71 and 60.71
Resistance: 56.40 / 57.00 / 58.19
Support: 55.54 / 55.00 / 54.00
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A Simple Method Of Evaluating Trade Setups For Everyone - PART IThis is a simple example of how anyone can attempt to understand price action, trade setups, and determine if the current trade setup is valid for any trading action.
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CISCO, Possible Inverted H&S, These Level To Consider Now!Hello Traders Investors And Community, welcome to this analysis where we are looking at the stock value CSCO (CISCO) 4-hour weekly timeframe perspective, the recent events, the current meaningful formation building, what to expect the next times, which level are important to hold and how to handle upcoming situations out of a trading perspective. CSCO was since the corona crisis technically one of the weaker stocks trading below the 55-EMA measure and way below its established all-time-high, now this does not mean it is bearish forever and continue as I detected some signals which can indicate a follow-up of this stock to the main market, but the importance in the CISCO environment here is that it needs to confirm certain levels before such a follow-up can be considered at all but when these conditions fulfill the stock has some potential in the current structure building up.
In my chart, you can watch that the stock just forming somewhat of a correction currently where it is correcting the uptrend established since the corona bottoms seen this year, the incoming volatility is higher but it can slow down when nearing to the support in the structure which the stock has at the 300-EMA marked in black where also important Fibonacci-supports lie. Therefore it is important that the stock bounces here and it is a needed condition in order to complete the big possible head and shoulder formation seen in my chart marked in blue, which will confirm when the stock stabilizes at the EMA and bounces from there, this move is highly important because when this does not happen and the stock falls below it this invalidates the whole head and shoulder formation within the invalidation range marked with the arrows in red where the stock will increase bearishness in this area.
When the stock manages to hold the EMA support and bounce from there a move towards the blue neckline can be expected, when this happens it is important to move above it the best with a volatile upside move closing above the neckline which will confirm the inverse head and shoulder formation which will provide the proper entry setup for entering a position here as this is seen in my chart, in this case, the stock can bounce from the 55-EMA in green which will be a good point for opening a position, although the aggressive immediate entry approach is also possible here the conservative will be better to wait on the confirmation and then enter. When this scenario is playing out properly there can be decent upside targets expected which can even exceed the established all-time-highs therefore a smart consideration to open positions before the masses enter, remember to wait on confirmation which is the best process here.
In this manner, thank you for watching the analysis, support for more market insight, a good weekend and all the best!
"Trading effectively is about accessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
CSCO: correction time?A price action below 57.00 supports a bearish trend direction.
Further bearish confirmation for a break below 56.60.
The target price is set at 55.00.
The stop-loss price is set at 58.00.
Wave analysis suggests a couple of alternatives.
The price action was corrected from overbought territory.
Remains a very risky trade.
CSCO H&S IdeaI don't think this is very probably, however it is possible. I could make an argument for a head and shoulders pattern starting to form on the monthly. and previous support/resistance levels could indicate future support... Indicating potential entry zones.
The drawback to this idea is that I didn't do this in log scale.. which I like to do when looking at time frames that span this long. I will try and follow this up with a log version of this and see if any patterns pop out at me.
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CSCO Monthly (NVDA mentioned)CSCO, synonymous with the Internet. Year 2000 darling. The internet was wild west, the future. It did become the future, and is everywhere in our life today. If you bought CSCO at 82 it during the hype in March 2000, you would still be a bag holder 23 years later.
NVDA chart looks almost identical to the CSCO chart of March 2000. I am not saying that it does not have good potential, but as a long portfolio holder I try my best not to buy high and sell low. Whether AI is another internet bubble remains to be seen, so I wait for better setups.
CSCO is a fine company with excellent metrics, 8.8 percent free cash flow yield is an indicator of a good bargain now. Today I would look at it as a long, but have not developed an entry strategy yet.
If you recently bought long NVDA, good luck. Scalping is another issue altogether.
CSCO: gap trade?Is this a breakaway gap: These gaps occur at the end of a price pattern and signify the beginning of a new trend. It is challenging to trade these as they can indicate strong momentum.
A price action above 53.00 supports a bullish trend direction.
Further bullish confirmation for a break above 56.00.
The target price is set at 57.00.
The stop-loss price is set at 53.00 as well.
The stock is already overbought and one might need to wait for a pullback before entering into a position.
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t sold CSCO here:
Or reentered here:
Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 53usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Cisco Systems, Inc. (‘CSCO’)
Cisco Systems, Inc. (symbol ‘CSCO’) managed to stay afloat their second quarter performance adding around 11% on their share price. The company’s earnings report for the fiscal quarter ending July 2023 is set to be released on Wednesday 16th of August, after market close. The consensus EPS is $0.95 compared to the same quarter of last year at $0.74.
‘As of 30/04/2023 the company's current ratio is around 140% showing that the company is able to repay its short term liabilities with the current assets in hand. Also what is important to mention is that the debt to equity ratio is near all time low (currently at 16%) indicating that the company’s debt levels are constantly decreasing making it an attractive investment for market participants ’ said Antreas Themistokleous, an analyst at Exness
On the technical side the price has been trading in a steady uptrend for the majority of the quarter. In last week it found resistance on the upper band of the Bollinger bands and has since corrected to the downside while the Stochastic oscillator is still near the extreme overbought levels possibly showing that the bullish momentum might still be valid in the market. The faster moving averages ( 20 & 50) are trading above the slower 100 day moving average further supporting the narrative that the bulls might still be stronger than the bears.