Cisco Systems, Inc. (CISCO) stock price advanced in its latest intraday trading, rebounding after stabilizing at the important support level of $66.50, which provided positive momentum that helped the stock recover part of its previous losses. At the same time, the stock is attempting to ease its apparent oversold conditions reflected on the RSI indicators, especially with the beginning of a positive crossover signal. However, the stock remains under negative pressure after previously breaking a short-term upward trend line and continuing to trade below its 50-day SMA.

Therefore, we expect the stock to decline in upcoming trading, especially if it breaks below the $66.50 support level, targeting the next support at $62.70.

Today's price forecast: Bearish