CIENA CORP (CIEN) Stock Technical Analysis
NYSE:CIEN - New York Stock Exchange, Inc. - US1717793095 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CIEN. CIEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CIEN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
CIEN has an average volume of 2504550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CIEN turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
CIEN is part of the Communications Equipment industry. There are 49 other stocks in this industry, CIEN did better than 58% of them.
In the last month CIEN has a been trading in the 49.21 - 70.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CIEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 59.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.10, a Stop Loss order could be placed below this zone.
More info and screens
52.96
60.75
We found 1 important support area.
- A support zone ranging from 53.49 to 54.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 59.95 to 60.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.96
Mansfield0.02
10 Day High63.69
10 Day Low52.98
20 Day High70.57
20 Day Low49.21
52 Week High101.44
52 Week Low44.69
Performance
1 Week1.71%
2 Weeks7.75%
1 Month-14.43%
3 Month-38.42%
6 Month-7.21%
12 Month27.66%
2 Year29.24%
3 Year7.85%
5 Year28.65%
10 Year179.34%
15 Year221.1%
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)0.73
RSI(14)45.11
LBB52.51
UBB64.26
59.5
+1.66 (+2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.87%
1 Week1.71%
2 Weeks7.75%
1 Month-14.43%
3 Month-38.42%
6 Month-7.21%
12 Month27.66%
2 Year29.24%
3 Year7.85%
5 Year28.65%
10 Year179.34%
15 Year221.1%
Volatility
ATR(14)5.13
ATR(20)%7.5%
ATR Inc-47.15%
Range Today1.46
ADR(20)3.99
ADR(20)%6.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.96
Mansfield0.02
10 Day High63.69
10 Day Low52.98
20 Day High70.57
20 Day Low49.21
52 Week High101.44
52 Week Low44.69
CS1 End54.1
CR1 Start59.95
Volume & EV
DER(3)-0.09%
DER(5)1.32%
Volume1.20M
Volume Incr-47.93%
Vol(5)1.31M
Vol(50)2.50M