Stocks

Cisco Systems may fall to 43.50 - 44.20

2024-05-26

Our pivot point stands at 47.7.

Our preference

The downside prevails as long as 47.7 is resistance.

Alternative scenario

Above 47.7, look for 49 and 49.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 47.604 and 48.3794).

Supports and resistances

49.7 **

49 *

47.7 **

47.3

46.42 (USD-last)

44.9

44.2 **

43.5 *

42.8 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

Introduction to Tradingtop Site

Related Articles


Return to All Articles