CIENA CORP (CIEN) Stock Technical Analysis
NYSE:CIEN - New York Stock Exchange, Inc. - US1717793095 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CIEN. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that CIEN is one of the better performing stocks in the market, outperforming 92% 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 51 other stocks in this industry. CIEN outperforms 74% of them.
CIEN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CIEN is lagging the market slightly.
CIEN has an average volume of 2619110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CIEN has a been trading in the 74.89 - 101.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
47.55
94.05
3 important support areas can be observed.
- Support @80.91 from a trend line in the daily time frame.
- Support @76.29 from a horizontal line in the daily time frame.
- Support @48.03 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 87.30 to 88.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @93.12 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.03
Mansfield2.79
10 Day High94.2
10 Day Low83.59
20 Day High101.44
20 Day Low74.89
52 Week High101.44
52 Week Low43.3
Performance
1 Week-5.37%
2 Weeks-9.71%
1 Month-14.36%
3 Month19.89%
6 Month48.71%
12 Month51.96%
2 Year74.37%
3 Year22.89%
5 Year118.67%
10 Year301.91%
15 Year486.33%
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)
Technical Indicators
MACD(12,26,9)-0.66
RSI(14)44.97
LBB83.76
UBB93.36
84.08
-2.37 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-2.74%
1 Week-5.37%
2 Weeks-9.71%
1 Month-14.36%
3 Month19.89%
6 Month48.71%
12 Month51.96%
2 Year74.37%
3 Year22.89%
5 Year118.67%
10 Year301.91%
15 Year486.33%
Volatility
ATR(14)3.57
ATR(20)%5.48%
ATR Inc-7.44%
Range Today4.41
ADR(20)3.78
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.03
Mansfield2.79
10 Day High94.2
10 Day Low83.59
20 Day High101.44
20 Day Low74.89
52 Week High101.44
52 Week Low43.3
CS1 End80.91
CR1 Start87.3
Volume & EV
DER(3)-0.98%
DER(5)-0.26%
Volume1.89M
Volume Incr-29.16%
Vol(5)2.01M
Vol(50)2.62M