Sell signal, contained rebound
Cisco rebounds 2% and stays boxed in below its first resistance
Sell signal, contained rebound
Our view last week
Cisco's stock closed the week down 7.7%, but the final session had already carved out a double bottom in the 109 area with a 13% rebound. In our weekly technical analysis, the fresh sell signal that just triggered puts Cisco 7th among 140 US sell signals, with a signal strength of 100 out of 100 reading a decline starting to make lower lows. The stock is still 68.4% above its 200-week average, though, and our model flags trading as not recommended.
This week's summary
The bounce off the daily EMA50, in the 112 area, brings Cisco stock back toward its first resistance: the week closes with a 2% rebound, but price stays boxed between the ceiling in the 114.5 area and the support just below, in the 113.7 area. In our weekly technical analysis on Cisco, the sell signal is in its second week and signal strength reads an isolated drop, no new lows: the decline holds at ordinary volatility, with momentum stalling.
Sell signal in observation
·2nd week from start
·US stocks
·T2
·📅 Earnings · Aug 19
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IQS Phase
45
ordinary
Signal Strength
46
isolated weekly drop
Sizing
REDUCED
Ranking
#43 / 141
US stocks sell signals
Trade P&L %
-1.99%
from signal to today
Rank position
ranks 43rd among the 141 sell signals for US stocks in our ranking, with a signal strength of 46 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
CSCO belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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