CIENA CORP (CIEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIEN - US1717793095 - Common Stock
We assign a technical rating of 10 out of 10 to CIEN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CIEN is showing a nice and steady performance.
CIEN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for CIEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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174.68
2 important support areas can be observed.
- Support @190.27 from a trend line in the daily time frame.
- A support zone ranging from 176.44 to 182.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CIEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIEN is up. |
| ChartMill Relative Strength | 97.79 | POSITIVE | CIEN has a high relative strength, it outperformed 97.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.68 | NEUTRAL | The RSI value for CIEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests CIEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.08 | NEUTRAL | The Stochastics value for CIEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for CIEN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for CIEN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 209.20 | 190.26 | 18.94 (9.05%) | 11.05% |
| An entry @209.20. This is a Buy Stop order right above the 10 day high. | An exit @190.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 18.94 points, which is 9.05%. | For a 1.00% total portfolio risk, you can invest 11.05% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
201.71
+5.98 (+3.06%)
CIENA CORP / CIEN FAQ
Can you provide the ChartMill technical rating for CIENA CORP?
ChartMill assigns a technical rating of 10 / 10 to CIEN.
What is the current trend direction of CIENA CORP (CIEN) stock?
The current trend direction for CIENA CORP (CIEN) is Bullish.
What is the RSI signal for CIEN stock?
CIENA CORP (CIEN) has an RSI value of 58.677. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CIENA CORP?
The short term momentum for CIENA CORP (CIEN) is positive.
Can you provide the buy/sell signal for CIENA CORP?
The buy/sell signal for CIENA CORP (CIEN) is buy as both the short term and long term trends are positive.