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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 2024-03-20 View latest technical analysis

10 day averaged volume of Ciena Corporation is 3917650

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	50.22	49.74	50.62	49.54	0.346 times
19 Tue Mar 2024	49.74	49.07	50.22	49.04	0.36 times
18 Mon Mar 2024	49.50	50.02	50.14	49.45	0.474 times
15 Fri Mar 2024	50.02	50.19	50.53	49.18	1.107 times
14 Thu Mar 2024	50.23	51.30	51.54	50.04	0.48 times
13 Wed Mar 2024	51.56	51.47	51.85	50.91	0.706 times
12 Tue Mar 2024	51.51	51.76	52.78	51.21	0.733 times
11 Mon Mar 2024	51.54	54.03	54.14	51.47	0.768 times
08 Fri Mar 2024	54.28	53.03	54.86	52.75	0.871 times
07 Thu Mar 2024	52.84	53.75	55.14	51.25	3.463 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.6, but if it comes above 50.6, then a intra day buy could be more profitable.
If you take a sell trade below 50.6, then use 50.6 as stoploss and 45.5 as target. However if you take a buy trade in stock , then use 50.6 as stoploss and 54.77 as target.

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	41.83
Downside Target	44.22
Downside Target	46.66
Downside Target	48.36
Upside Target	50.62
Upside Target	53.17
Upside Target	54.14
Upside Target	54.66
Upside Target	56.35
Upside Target	57.73
Upside Target	61.01
Upside Target	63.24

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	49.3
Downside Intraday Target	48.38
Upside Intraday Target	50.88
Upside Intraday Target	51.54
Downside Intraday Target	49.96

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	50.22	50.02	50.62	49.04	0.311 times
15 Fri Mar 2024	50.02	54.03	54.14	49.18	0.543 times
08 Fri Mar 2024	54.28	62.00	63.24	51.25	2.467 times
01 Fri Mar 2024	60.84	55.37	61.01	54.66	1.511 times
23 Fri Feb 2024	55.33	55.46	56.35	53.17	0.861 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
20 Wed Mar 2024	50.22	57.14	63.24	49.04	1.386 times
29 Thu Feb 2024	56.98	53.94	57.73	53.17	0.98 times
31 Wed Jan 2024	53.00	44.53	53.84	44.22	0.801 times
29 Fri Dec 2023	45.01	45.71	48.36	42.20	2.142 times

Scroll below to view daily charts

Price has moved down 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 to mid 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Ciena Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ciena Corporation in short term but BUY signal is weak.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.81 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 negative.

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