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(CIEN) Ciena Corporation complete technical analysis [charts+indicators] | Buy/Sell Ciena Corporation | (CIEN) share price targets

Complete technical analysis of Ciena Corporation (CIEN) by charts plus indicators, forecast predictions and share price targets for Ciena Corporation (CIEN)

Ciena Corporation trades in USA in Public Utilities sector.

Showing technical analysis as on 2024-05-30 View latest technical analysis

10 day averaged volume of Ciena Corporation is 1051891

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	47.85	48.22	48.47	47.17	2.093 times
29 Wed May 2024	49.34	48.86	49.47	48.75	0.978 times
28 Tue May 2024	49.50	49.55	49.86	49.27	0.796 times
24 Fri May 2024	49.34	49.17	49.53	48.96	0.776 times
23 Thu May 2024	48.88	49.75	49.97	48.62	1.374 times
22 Wed May 2024	49.56	49.60	50.25	49.11	1.205 times
21 Tue May 2024	49.43	48.60	49.45	48.58	1.223 times
20 Mon May 2024	48.87	48.75	49.09	48.60	0.932 times
17 Fri May 2024	48.85	49.27	49.33	48.78	0.79 times
16 Thu May 2024	49.20	49.68	49.68	49.02	0.758 times

Stock of Ciena Corporation (CIEN) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 47.7, for a target of 48.3 or 48.89

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	43.30
Downside Target	44.22
Downside Target	46.04
Downside Target	47.17
Upside Target	49.80
Upside Target	49.86
Upside Target	50.25
Upside Target	53.17
Upside Target	53.84
Upside Target	57.73
Upside Target	63.24

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	46.73
Downside Intraday Target	45.6
Upside Intraday Target	49.42
Upside Intraday Target	50.98
Upside Intraday Target	48.29

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	47.85	49.55	49.86	47.17	0.702 times
24 Fri May 2024	49.34	48.75	50.25	48.58	1.133 times
17 Fri May 2024	48.85	49.10	49.68	48.24	0.759 times
10 Fri May 2024	49.10	48.25	49.53	48.01	0.974 times
03 Fri May 2024	47.77	46.83	48.57	46.04	0.795 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ciena Corporation (CIEN)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Thu May 2024	47.85	46.23	50.25	46.04	0.723 times
30 Tue Apr 2024	46.23	49.61	49.80	43.30	0.586 times
28 Thu Mar 2024	49.45	57.14	63.24	49.04	1.628 times
29 Thu Feb 2024	56.98	53.94	57.73	53.17	0.98 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ciena Corporation (CIEN)

Price action analysis of Ciena Corporation ( (CIEN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ciena Corporation ( (CIEN) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ciena Corporation ( (CIEN) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Ciena Corporation ( (CIEN) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Ciena Corporation stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Ciena Corporation in short term but the sell signal is initial and weak.

Ciena Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Ciena Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ciena Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.96 and Ciena Corporation (CIEN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ciena Corporation (CIEN) stock. Volume based technical analysis of Ciena Corporation (CIEN) stock is negative.

Ciena Corporation Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.