Cisco Systems trades in macro range - on 5 and 10 year basis.
Price is now currently trading between 2 key levels. The lower level is combined from 5-year (260 weeks) and 10-year (520 weeks) means and is at about 22. The higher level is combined from upper 1st standard deviations from the same means and is at 27.
Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral
On short term basis the held the lower 1st standard deviation from 1-year mean (264 days), thus failed to enter a downtrend on 1-year basis. However it succeeded in falling below the 1st standard deviation from quarterly mean (66 days), thus it is on a downtrend risk there at the moment.
Overall situation hints that the price is likely to remain in the long term range for observable future (22-27)
Price is now currently trading between 2 key levels. The lower level is combined from 5-year (260 weeks) and 10-year (520 weeks) means and is at about 22. The higher level is combined from upper 1st standard deviations from the same means and is at 27.
Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral
On short term basis the held the lower 1st standard deviation from 1-year mean (264 days), thus failed to enter a downtrend on 1-year basis. However it succeeded in falling below the 1st standard deviation from quarterly mean (66 days), thus it is on a downtrend risk there at the moment.
Overall situation hints that the price is likely to remain in the long term range for observable future (22-27)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.