Cisco stock analysis

We have nothing new on the movement of Cisco's stock, as the stock continues to provide noticeable positive trades to stabilize trading above the moving averages, which supports expectations of achieving more gains during the upcoming sessions, provided that stability is above the 20 average, which constitutes a support level for the price, awaiting the direction towards 48.31, which represents our next target.

Consequently, we will continue suggesting the bullish trend in the intraday and short term, and in case the price manages to reach 48.31 resistance, the positive pressure on the price will increase to reach level 50.56.

You can buy the stock above the average of 20 at the value of 46.60, targets 48.30-50.56, and stop the loss below the level of 45.25.

The expected trading range is between 42.30 support and 48.30 resistance.

The expected general trend for today: Bullish.