Cisco stock analysis

There is nothing new in the movement of Cisco's stock, as the stock continues to move below the support level 24.27, ending the sideways movement that it was moving within during the past two weeks. The stock fell towards the next support level 39.00

The trading stabilized below the moving averages, which are pressuring the price for further decline, which supports expectations for further decline in the upcoming sessions, provided that the stability is below the 50-20 averages, which form resistance levels.

The expected trading range is between 38.32 support and 445.20 resistance.

The expected general trend for today: Bearish.