USA - New York Stock Exchange - NYSE:CIEN - US1717793095 - Common Stock
We assign a technical rating of 10 out of 10 to CIEN. 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.
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.
200.93
When analyzing the support we can see 2 important areas.
We found 1 important resistance area.
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 | 98.44 | POSITIVE | CIEN has a high relative strength, it outperformed 98.44% 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) | 60.2 | NEUTRAL | The RSI value for CIEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests CIEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.41 | NEUTRAL | The Stochastics value for CIEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for CIEN suggests some volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for CIEN suggests a strong trend. |
233.87
-4.49 (-1.88%)
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 60.2022. This indicates that the stock is currently neutral.
The short term momentum for CIENA CORP (CIEN) is positive.
The buy/sell signal for CIENA CORP (CIEN) is buy as both the short term and long term trends are positive.