CIENA CORP (CIEN) Technical Analysis
NYSE:CIEN • US1717793095
Current stock price
CIEN 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 99% 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 95% of them.
- A new 52 week high is currently being made by CIEN, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CIEN is leading the market.
- In the last month CIEN has a been trading in the 278.39 - 419.80 range, which is quite wide. It is currently trading near the high of this range.
- CIEN has an average volume of 3551450 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.
CIEN Weekly and Daily overview Charts
CIEN Setup Rating and Analysis
CIEN has an excellent technical rating, but the quality of the setup is only medium 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
CIEN Support and Resistance Analysis
265.70
3 important support areas can be observed.
- Support @316.59 from a trend line in the daily time frame.
- Support @281.08 from a trend line in the daily time frame.
- Support @268.38 from a trend line in the weekly time frame.
CIEN 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 | 99.38 | POSITIVE | CIEN has a high relative strength, it outperformed 99.38% 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) | 63.23 | NEUTRAL | The RSI value for CIEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.25 | POSITIVE | The MACD value suggests CIEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.97 | OVERBOUGHT | The high Stochastics value suggests CIEN may be overbought. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for CIEN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for CIEN suggests a possible start of a new trend. |
CIEN Chart- and CandleStick Pattern Analysis
CIEN Technicals: Chart, Performance Metrics, Trend & Indicators
383.89
-28.69 (-6.95%)
CIENA CORP / CIEN TA 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 63.228. 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 positive.
What is the buy/sell signal for CIENA CORP (CIEN) stock?
The buy/sell signal for CIENA CORP (CIEN) is buy as both the short term and long term trends are positive.