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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 2024-08-23 View latest technical analysis

10 day averaged volume of Ciena Corporation is 1173398

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	56.54	55.04	56.72	54.62	1.118 times
22 Thu Aug 2024	54.30	54.91	55.42	54.26	0.621 times
21 Wed Aug 2024	54.80	54.61	55.47	54.40	0.75 times
20 Tue Aug 2024	54.60	54.02	54.61	53.69	0.796 times
19 Mon Aug 2024	53.94	53.83	53.97	53.40	0.582 times
16 Fri Aug 2024	53.80	54.31	54.48	53.39	1.054 times
15 Thu Aug 2024	54.31	52.42	54.74	51.60	2.961 times
14 Wed Aug 2024	50.03	49.68	50.13	49.26	0.766 times
13 Tue Aug 2024	49.68	48.78	49.77	48.70	1.083 times
12 Mon Aug 2024	48.50	49.01	49.13	48.36	0.75 times

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 57.9, for a target of 54.1 or 51.03

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	43.30
Downside Target	44.69
Downside Target	46.04
Downside Target	47.95
Downside Target	51.41
Downside Target	53.40
Downside Target	53.58
Downside Target	53.62
Downside Target	54.74
Upside Target	56.72

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	54.39
Downside Intraday Target	52.23
Upside Intraday Target	57.71
Upside Intraday Target	58.87
Downside Intraday Target	55.55

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	56.54	53.83	56.72	53.40	0.585 times
16 Fri Aug 2024	53.80	49.01	54.74	48.36	1.285 times
09 Fri Aug 2024	48.81	45.53	48.85	44.89	0.79 times
02 Fri Aug 2024	48.12	50.25	53.62	47.95	1.512 times
26 Fri Jul 2024	50.16	49.69	51.41	49.18	0.925 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
23 Fri Aug 2024	56.54	52.75	56.72	44.89	0.86 times
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

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 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 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.

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 tired and bears are picking up momentum.

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 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 53.33 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.