CIENA CORP (CIEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIEN - US1717793095 - Common Stock
Overall CIEN gets a technical rating of 10 out of 10. 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.
Besides having an excellent technical rating, CIEN also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 225.20, a Stop Loss order could be placed below this zone.
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206.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 222.05 to 225.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 208.86 to 211.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for CIEN is neutral. |
| ChartMill Relative Strength | 97.69 | POSITIVE | CIEN has a high relative strength, it outperformed 97.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CIEN is below 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) | 51.71 | NEUTRAL | The RSI value for CIEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.58 | NEGATIVE | The MACD value suggests CIEN has a negative trend. |
| Stochastics (14,3) | 55.07 | NEUTRAL | The Stochastics value for CIEN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for CIEN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.75 | NEUTRAL | The ADX value for CIEN suggests a possible start of a new 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 |
|---|---|---|---|
| 239.92 | 222.04 | 17.88 (7.45%) | 13.42% |
| An entry @239.92. This is a Buy Stop order right above the 10 day moving average. | An exit @222.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.88 points, which is 7.45%. | For a 1.00% total portfolio risk, you can invest 13.42% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CIEN. Please evaluate whether better entry and exit points can be found.
- 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.
230.56
+5.35 (+2.38%)
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 trend direction for CIEN stock?
The current trend direction for CIENA CORP (CIEN) is Bullish.
Can you provide the RSI signal for CIENA CORP?
CIENA CORP (CIEN) has an RSI value of 51.7072. This indicates that the stock is currently neutral.
What is the short term momentum for CIENA CORP (CIEN) stock?
The short term momentum for CIENA CORP (CIEN) is neutral.