Cisco stock bounces, but stays boxed in its range
Cisco stock: +1.6% this week, the sell signal keeps losing steam
Cisco stock bounces, but stays boxed in its range
Our view last week
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.
This week's summary
Cisco stock closes the week up 1.6%, back near the ceiling just above 117 after bouncing off the 20-day average, in the 114 area. In our weekly technical analysis, the sell signal is in its third week and signal strength drops to 2 out of 100: a decline losing steam, struggling to make real headway in either direction. Under the surface volume isn't rewarding the bounce, and the last candle stays weak.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 19
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IQS Phase
42
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#112 / 138
US stocks sell signals
Trade P&L %
-3.62%
from signal to date, no stop loss
Rank position
ranks 112th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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