Cisco Systems stock: buy or sell
Jul 29th, 2021
Cisco Systems stock brief
- Cisco Systems closed on Wednesday at $54.77 after scarcely changing a -0.92% breaking a streak of 5 sessions in positive.
- From the chart point view, price is drawing a scaled uptrend since last May with higher tops and higher bottoms. This rally marked a 10.09% gain
- Last Friday broke out above its latest top at $54.97
Should I buy Cisco Systems stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CSCO stock a buy?
In the current situation of Cisco Systems there is just one buy setup eligible:
Uptrend buy setup
Cisco Systems stock is in an uptrend since last May that so far has marked an amazing 10.00% gain. Price marked a local bottom in this uptrend at $51.52 in mid-June, and since then it bounced up a 6.31%. Now, it's just 0.37% away from breaking out over its last top and resume the uptrend. The new entry point is therefore at $54.97. If you decide to enter this trade, the suggested stop loss is at $49.97
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$54.97||$49.97||9.09%|
Should I sell Cisco Systems stock?
When is it time to sell Cisco Systems stock?. Much like when we have to buy shares, deciding when is appropiate to sell is not a random decision, and we must use our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies are not intended for selling short $CSCO stock
As a golden rule, you must never keep an investment that shows a higher than expected losses at the time of purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Cisco Systems stock?
In the current situation of Cisco Systems there is not any eligible sell setup, so Cisco Systems stock holders with operations in profit can keep their positions
Cisco Systems ratings
In the last 30 days we couldn't find any rating for Cisco Systems
Cisco Systems stock analysis
Cisco Systems shares started an uptrend last May, and grew a gorgeous 10.09%. The price line shows rising peaks and troughs, and along the way provided very few buying opportunities for those who wanted to invest. Latest pullback was in mid-June, when price bounced at $51.52. Currently, it trades in a consolidation between its last top ($54.97) and its last bottom ($51.52)
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band on Tuesday, the price corrected downwards by 1.16%. The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
When the fluctuates for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator loses its usefulness, and we are now in such a case.
Cisco Systems stock price history
Cisco Systems IPO was on Feb 16th, 1990 at $0.00 per share1. Since then, CSCO stock surged by -, with an average of 0.00% per year. An investment of thousand dollars at that time would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Cisco Systems stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. Again, these targets are not direct recommendations for individual traders and should not be followed blindly.
We don't have any target price posted in the previous month for Cisco Systems.
Earnings and financials
Cisco Systems, Inc. ($CSCO) posted quarterly earnings of $0.83 per share last May, meeting the Market consensus estimate of $0.82 per share. Reported sales were $12.8 billion, in line with analysts' estimates as well.This compares to Earnings of $0.79 per share a year ago, so posted EPS means an increase of 5.06%. Looking at revenues, figures moved up a 6.84% compared to $119.8B year over year.
Cisco Systems ($CSCO) presents financial report next Wednesday.
Cisco Systems competitors
Cisco Systems is classified inside the Communication Equipment industry, which contain industry peers.
Cisco Systems major competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Cisco Systems ($CSCO)||$206.8B|
|Dell Technologies ($DELL)||$65.5B||Neutral||0|
|Palo Alto Networks ($PANW)||$31.6B||Neutral||0|
1 In the last 30 days.
Cisco Systems performance
To better understand Cisco Systems stock performance you must compare its gains with other related stocks in same sector or industry.. For Cisco Systems, the benchmark is made against Microsoft, Amazon, Broadcom, Zoom, Dell Technologies, Vmware, Palo Alto Networks, Fortinet, Ringcentral and Zscaler.
|Cisco Systems ($CSCO)||4.30%||7.80%||21.00%|
|Dell Technologies ($DELL)||-3.40%||-4.80%||28.80%|
|Palo Alto Networks ($PANW)||4.70%||10.50%||13.90%|
Important note:The thoughts written in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not know the specific scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for educative purposes only
Cisco Systems summary
|Wednesday, July 28th, 2021|
|Day range||$54.41 - $55.52|
|Average true range||$0.86|
|50d mov avg||$53.24|
|100d mov avg||$51.96|
|200d mov avg||$47.18|
|Earnings date||August 11th, 2021|