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)