Want to know the current price of Cisco Systems and what will happen to CSCO shares next? On this page, we share the latest news about Cisco Systems and give advice on buying shares. You can also view the latest Cisco Systems Forecast for 2022 and 2023 from our experts.
Should you buy or sell Cisco Systems stock today? To what levels can the shares of this company rise in a year, two, three? How much will Cisco Systems papers cost in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for CSCO shares, both up and down.
Cisco Systems Forecast for 2022 and 2023
Quotes of Cisco Systems continue to move within the framework of growth and the bullish channel, but so far the bulls have not yet gained a foothold in the local maximum. The moving averages indicate a short-term bullish trend for CSCO shares. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the share price is 59.04 per share. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the 50.55 area. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 75.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Cisco Systems quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the price of Cisco Systems shares will be a fall and a breakdown of the level of 43.05. This will indicate a breakdown of the support area, in which case we can consider the continuation of the decline in securities to the area at the level of 35.00. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 62.55.
Cisco Systems Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 50.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 75.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the CSCO rise option will be a fall and a breakdown of the level of 43.05. This will indicate a breakdown of the lower border of the channel and a continuation of the fall in value to the area below the level of 35.00.
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