USA - New York Stock Exchange - NYSE:CIEN - US1717793095 - Common Stock
Taking everything into account, CIEN scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CIEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
CIEN has an excellent technical rating and 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.
206.77
We found 2 important support areas.
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 worst case loss on the trade is limited to 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. |
230.56
+5.35 (+2.38%)
ChartMill assigns a technical rating of 10 / 10 to CIEN.
The current trend direction for CIENA CORP (CIEN) is Bullish.
CIENA CORP (CIEN) has an RSI value of 51.7072. This indicates that the stock is currently neutral.
The short term momentum for CIENA CORP (CIEN) is neutral.