Cisco Systems’ stock (CSCO) rose in the intraday levels, amid the dominance of the downward medium-term trend, with negative pressure from the 50-day SMA, while recouping some recent losses, as it also vented off oversold saturation in the RSI.

Therefore we expect the stock to return lower, targeting the pivotal support of $45.56, provided it settles below the resistance of $47.66. 

Trend forecast: Likely Bearish