CIENA CORP (CIEN) Stock Technical Analysis
NYSE:CIEN - New York Stock Exchange, Inc. - US1717793095 - Common Stock - Currency: USD
Overall CIEN gets a technical rating of 4 out of 10. Although CIEN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CIEN has a been trading in the 70.77 - 86.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CIEN is one of the better performing stocks in the Communications Equipment industry, it outperforms 75% of 49 stocks in the same industry.
CIEN has an average volume of 2150420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that CIEN is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CIEN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CIEN is lagging the market slightly.
CIEN has an average technical rating and it also 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.
More info and screens
53.68
84.25
3 important support areas can be observed.
- A support zone ranging from 72.45 to 72.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.49 from a trend line in the weekly time frame.
- Support @54.22 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @77.39 from a trend line in the weekly time frame.
- Resistance @81.24 from a horizontal line in the weekly time frame.
- Resistance @83.42 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for CIEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CIEN is down. |
| ChartMill Relative Strength | 91 | POSITIVE | CIEN has a high relative strength, it outperformed 91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIEN is below a declining 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) | 40.66 | 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) | 12.78 | OVERSOLD | The low Stochastics value suggests CIEN may be oversold. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CIEN suggests some volalility. |
| Average Directional Index/ADX (14) | 29.68 | POSITIVE | The high ADX value value for CIEN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
72.46
-0.26 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.36%
1 Week-11.36%
2 Weeks-9.67%
1 Month-3.05%
3 Month13.5%
6 Month-19.24%
12 Month55.16%
2 Year70.53%
3 Year58.56%
5 Year33.79%
10 Year206%
15 Year471.45%
Volatility
ATR(14)3.17
ATR(20)%4.21%
ATR Inc-8.65%
Range Today2.92
ADR(20)2.6
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91
Mansfield0.23
10 Day High86.21
10 Day Low70.77
20 Day High86.21
20 Day Low70.77
52 Week High101.44
52 Week Low44.89
CS1 End72.45
CR1 Start77.39
Volume & EV
DER(3)-3.79%
DER(5)-2.71%
Volume3.40M
Volume Incr266.55%
Vol(5)5.00M
Vol(50)2.15M