USA A1 Trading Advice (C) | 23-Oct-2024 | Expected Gain 4%-6%

 BUY   Cisco Systems (NASDAQ: CSCO)

Cisco Systems (NASDAQ: CSCO) STOCK RECOMMENDATION

Idea BUY
Buy Range 55.5 – 56.5
Target 58.5 – 60
StopLoss* below 54.5
Duration 12-14 Trading Days
Potential Returns 4% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 55.5 – 56.5 58.5 – 60 below 54.5 12-14 Trading Days 4% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Cisco Systems (NASDAQ: CSCO) STOCK OVERVIEW

Cisco Systems, Inc. designs and sells Internet Protocol networking products across the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and China. Its switching portfolio includes campus and data center solutions, while its enterprise routing connects various networks for secure and reliable access. Wireless offerings provide seamless indoor and outdoor coverage for voice, video, and data. The company also delivers security solutions, collaboration tools like Webex Suite, and observability services for network monitoring. Cisco supports businesses, public institutions, and service providers through direct sales and partnerships. Founded in 1984, it is based in San Jose, California.

Stock Data
NASDAQ Symbol CSCO
Sectoral Index Telecommunications
52 Weeks High 57.055
52 Weeks Low 44.5

Cisco Systems (NASDAQ: CSCO) - RELATIVE STRENGTH

CSCO-RELATIVE STRENGTH

Relative Performance - Last 1 Year

CSCO —     NASDAQ —

Cisco Systems (NASDAQ: CSCO) - DAILY TECHNICAL ANALYSIS

Cisco Systems (NASDAQ: CSCO) - Technical Analysis (Daily)
  • The price encountered a notable rejection around the 58 level, leading to a substantial decline. Subsequently, it discovered support near the 45 level and began to trend upward.
  • During this prolonged consolidation phase, the stock price has been forming a Rounding Bottom Pattern and is approaching its prior resistance level.
  • It is anticipated that this resistance level will be surpassed, allowing the price to continue its upward trajectory.

Cisco Systems (NASDAQ: CSCO) - RSI

CSCO-RSI
Cisco Systems (NASDAQ: CSCO) - RSI
  • Current RSI of this stock is 79.87, which indicates the strength of buyers.

Cisco Systems (NASDAQ: CSCO) - EMA Cross

CSCO-EMA CROSS
Cisco Systems (NASDAQ: CSCO) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Cisco Systems (NASDAQ: CSCO) - ADX & DI

CSCO-ADX & DI
Cisco Systems (NASDAQ: CSCO) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Cisco Systems (NASDAQ: CSCO) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Cisco Systems stock price target will be USD 58.5 – USD 60 in the next 12-14 trading sessions.

Cisco Systems (NASDAQ: CSCO) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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