CIEN Technical Analysis - CIENA CORP

Technical Rating and Analysis

Taking everything into account, CIEN scores 10 out of 10 in our technical rating. 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.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that CIEN is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, CIEN also shows a nice and consistent pattern of rising prices.

CIEN is part of the Communications Equipment industry. There are 48 other stocks in this industry. CIEN outperforms 80% of them.

CIEN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CIEN has a been trading in the 84.41 - 134.31 range, which is quite wide. It is currently trading near the high of this range.

CIEN has an average volume of 2247900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CIEN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

91.36

132.59

We found 1 important support area.

A support zone ranging from 92.28 to 93.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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Technical Indicator Signal Analysis

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	96.64	POSITIVE	CIEN has a high relative strength, it outperformed 96.64% 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)	82.37	OVERBOUGHT	The high RSI value suggests CIEN may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.68	POSITIVE	The MACD value suggests CIEN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	95.34	OVERBOUGHT	The high Stochastics value suggests CIEN may be overbought.
Average True Range in percent/ATR (20)	3.64	MEDIUM VOLATILITY	The ATR as a percentage value for CIEN suggests some volalility.
Average Directional Index/ADX (14)	39.74	POSITIVE	The high ADX value value for CIEN suggests a strong trend.