CSCO shares climb as MACD and ADX point to strong momentum: weekly forecast

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Cisco rises 2.17% this week

Highlights

Cisco maintains a strong medium- and long-term bullish trend, trading well above key moving averages with buyers in control.
Momentum remains robust with multiple weekly indicators signaling strong buy conditions, though oscillators reveal some overbought signals and divergence.
Expected 7-day range is $115.36 to $122.79, with over 80% probability of an upside breakout if $122.79 is surpassed.

Record revenue and restructuring drive mixed sentiment this week

Cisco reported record Q3 FY2026 revenue of $15.8 billion but also announced the elimination of 471 jobs in California as part of its global restructuring to invest more heavily in AI infrastructure. Several institutional investors, such as Towne Trust Company N.A and Pictet Asset Management Holding SA, reduced their positions during the first quarter. Additionally, CISA issued an urgent directive to address a critical vulnerability in Cisco Unified Communications Manager Server.

Momentum surges as weekly indicators approach overbought levels

On the weekly chart, CSCO is trading well above the MA-20, MA-50, and MA-200, with the MA-20 at $95.49 offering the nearest dynamic support. Weekly momentum indicators remain largely bullish — the MACD and ADX both point to upward momentum, with the ADX showing notable strength. RSI stands at 71.89, still in buy territory but bordering overbought, while the Stochastic RSI is neutral and the CCI supports continued buying interest. Bull/Bear Power reflects clear dominance by buyers, though oscillators show some divergence amid a recent retreat from highs.

Upside bias persists as technicals reinforce consolidation outlook

For the next 5 trading days, the expected range is $115.36 to $122.79. There is a strong probability of an upward move, as all four key weekly indicators signal Buy or Strong Buy. The baseline scenario is consolidation between $115.36 and $122.79 while short-term momentum cools. A break above $122.79 could drive renewed buying toward recent highs, while a drop below $115.36 could initiate a new test of the MA-20 near $95.49, though this is less likely in the near term given persistent bullish momentum.

Viktoras Karapetjanc, expert at Traders Union, sees Cisco maintaining a robust bullish profile this week, supported by outstanding technical strength and record quarterly revenue. Even with some institutional reduction in holdings and headlines around restructuring, momentum remains positive as the stock holds well above all major moving averages. The weekly indicators confirm sustained buying interest, and macro developments like AI investment and product security issues are unlikely to disrupt the prevailing uptrend. Karapetjanc believes the expected range consolidation offers attractive upside opportunities, especially with buyers clearly in control. "With strong fundamentals and resilient momentum, I anticipate further growth for Cisco in the coming week as bullish sentiment dominates the market."

Earlier, analysts noted that mounting cybersecurity incidents had shifted Cisco's near-term sentiment to the downside, prompting investor caution. The current technical and fundamental posture, marked by resilient price action and bullish weekly momentum, signals a potential upside scenario with $122.79 emerging as the next key resistance to watch.

Source of Data: CSCO Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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