NASDAQ trade advice (C): US Telecommunications stock | 4-6% gain | USA stock trading idea on 23 Oct 2024

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

23 Oct 2024
11 Nov 2024
11 Nov 2024
11 days
Loss per
100,000 USD
Stop-loss
54.5
Buy Advice
23 Oct 2024
55.5 – 56.5
Target 1
11 Nov 2024
58.5
Target 2
11 Nov 2024
60
Profit per
100,000 USD
11 days
7,027
54.5
55.5 – 56.5
58.5
60
7,027
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Cisco Systems
  • 55.5 – 56.5
  • 58.5 – 60
  • Below 54.5
  • 4% – 6%
  • 12 - 14 Days
  • Buy Cisco Systems
  • Buy
    Range
    55.5 – 56.5
  • Target 58.5 – 60
  • Stoploss Below 54.5
  • Upside
    Potential
    4% – 6%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Cisco Systems (NASDAQ: CSCO) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • CSCO
  • Cisco Systems
  • Telecommunications
  • 57.055
  • 44.5
  • NASDAQ code CSCO
  • Stock Name Cisco Systems
  • Sector Telecommunications
  • 52 Weeks High 57.055
  • 52 Weeks Low 44.5
  • Company profile

    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.

  • Cisco Systems (NASDAQ: CSCO) vs NASDAQ - Relative Strength Comparison

    The image highlights Cisco Systems's performance over the last year versus NASDAQ.
    Relative Performance - Last 1 Year
    CSCO —   NASDAQ —

  • Cisco Systems (NASDAQ: CSCO) - Technical Analysis (Daily)

    Cisco Systems - Technical Analysis chart on Daily Price and Volume
    Cisco Systems - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    Cisco Systems stock analysis based on RSI indicator
    Cisco Systems - RSI indicator

    • Current RSI of this stock is 79.87, which indicates the strength of buyers.

  • Cisco Systems (NASDAQ: CSCO) - ADX & DI Indicator

    Cisco Systems stock analysis based on ADX & DI indicator
    Cisco Systems - ADX & DI indicator

    • 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.

  • Cisco Systems (NASDAQ: CSCO) - EMA Crossover

    Cisco Systems stock analysis based on EMA Crossover
    Cisco Systems - EMA Crossover

    • 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 day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Conclusion - Cisco Systems (NASDAQ: CSCO) Stock Price Forcast

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

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