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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 2024-07-31 View latest technical analysis

10 day averaged volume of Ciena Corporation is 988894

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	52.74	52.54	53.62	52.22	2.211 times
30 Tue Jul 2024	51.48	50.44	51.69	50.25	1.546 times
29 Mon Jul 2024	50.13	50.25	50.85	49.68	0.734 times
26 Fri Jul 2024	50.16	50.45	50.73	49.76	0.757 times
25 Thu Jul 2024	49.83	49.69	50.63	49.37	0.98 times
24 Wed Jul 2024	49.63	50.93	51.25	49.61	1.262 times
23 Tue Jul 2024	51.27	50.19	51.41	49.90	1.157 times
22 Mon Jul 2024	50.47	49.69	50.66	49.18	0.96 times
19 Fri Jul 2024	49.39	49.53	49.72	49.07	0.734 times
18 Thu Jul 2024	49.65	50.43	50.83	49.53	0.982 times

Stock of Ciena Corporation (CIEN) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 53.1, for a target of 51.1 or 49.42

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	43.30
Downside Target	44.69
Downside Target	46.04
Downside Target	47.59
Downside Target	49.04
Downside Target	50.25
Downside Target	51.41
Downside Target	52.07
Upside Target	53.58
Upside Target	53.62
Upside Target	63.24

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	50.41
Downside Intraday Target	48.07
Upside Intraday Target	54.35
Upside Intraday Target	55.95
Downside Intraday Target	52.01

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	52.74	50.25	53.62	49.68	0.878 times
26 Fri Jul 2024	50.16	49.69	51.41	49.18	0.925 times
19 Fri Jul 2024	49.39	48.81	52.07	48.02	0.985 times
12 Fri Jul 2024	48.76	47.72	49.24	46.52	3.162 times
05 Fri Jul 2024	46.77	47.37	47.59	46.25	0.629 times

Price has moved up 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
31 Wed Jul 2024	52.74	48.29	53.62	46.25	0.592 times
28 Fri Jun 2024	48.18	48.83	53.58	44.69	1.553 times
31 Fri May 2024	48.17	46.23	50.25	46.04	0.783 times
30 Tue Apr 2024	46.23	49.61	49.80	43.30	0.586 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Ciena Corporation ( (CIEN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Ciena Corporation ( (CIEN) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Ciena Corporation in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ciena Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Ciena Corporation in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 50.8 and Ciena Corporation (CIEN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.