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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 2024-01-31 View latest technical analysis

10 day averaged volume of Ciena Corporation is 1489070

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	53.00	52.48	53.84	52.37	1.357 times
30 Tue Jan 2024	52.88	52.44	53.08	52.20	1.071 times
29 Mon Jan 2024	52.77	51.28	52.85	51.28	0.846 times
26 Fri Jan 2024	51.42	51.86	52.08	51.31	0.553 times
25 Thu Jan 2024	51.69	52.00	52.44	51.34	0.746 times
24 Wed Jan 2024	51.43	51.00	51.48	50.63	1.126 times
23 Tue Jan 2024	50.67	51.45	51.64	50.64	1.126 times
22 Mon Jan 2024	51.91	52.79	52.93	51.80	0.91 times
19 Fri Jan 2024	52.51	51.50	52.57	51.41	1.231 times
18 Thu Jan 2024	51.33	51.00	51.60	50.35	1.072 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 52.4, but if it comes below 52.4, then a intra day sell could be more profitable.
If you take a sell trade below 52.4, then use 52.4 as stoploss and 50.23 as target. However if you take a buy trade in stock , then use 52.4 as stoploss and 55 as target.

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	39.94
Downside Target	41.83
Downside Target	44.22
Downside Target	45.75
Downside Target	48.06
Downside Target	49.40
Downside Target	50.63
Downside Target	50.72
Downside Target	51.28
Downside Target	52.57
Downside Target	52.93
Upside Target	53.84

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	51.57
Downside Intraday Target	50.15
Upside Intraday Target	54.13
Upside Intraday Target	55.27
Downside Intraday Target	52.71

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	53.00	51.28	53.84	51.28	0.734 times
26 Fri Jan 2024	51.42	52.79	52.93	50.63	0.834 times
19 Fri Jan 2024	52.51	49.72	52.57	49.55	3.182 times
12 Fri Jan 2024	49.72	49.90	50.66	49.40	0.283 times
12 Fri Jan 2024	49.72	46.27	50.66	46.04	1.368 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 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
30 Thu Nov 2023	45.85	42.07	46.66	41.83	0.732 times
31 Tue Oct 2023	42.20	47.30	48.06	39.94	0.931 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 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 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 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 SELL signal in short term and selling is picking up 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 52.01 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.