Cisco Stock Analysis 25.06.2020

Cisco shares continue to provide noticeable negative trading beyond the moving average 20 and settle below it, which supports expectations of achieving a further decline in the upcoming sessions, provided that the average breach of 50, which complaints about a support level for the price, is awaiting the direction towards 43.47, which represents our next target.

Consequently, we will continue to favor the bearish trend on the intraday and short term if the price manages to break the support at 44.99 and the average level 50 will continue the negative pressure on the price to reach the level of 39.30.

The expected trading range for today is between 41.36 support and 48.26 resistance.

Expected trend for today: bearish.