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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 2024-02-07 View latest technical analysis

10 day averaged volume of Ciena Corporation is 1682930

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	55.79	55.07	55.85	54.27	0.762 times
06 Tue Feb 2024	54.91	55.30	56.27	54.64	1.626 times
05 Mon Feb 2024	54.77	54.54	55.44	54.41	1.393 times
02 Fri Feb 2024	54.62	54.44	54.76	53.81	0.874 times
01 Thu Feb 2024	54.09	53.94	54.80	53.60	1.064 times
31 Wed Jan 2024	53.00	52.48	53.84	52.37	1.201 times
30 Tue Jan 2024	52.88	52.44	53.08	52.20	0.948 times
29 Mon Jan 2024	52.77	51.28	52.85	51.28	0.749 times
26 Fri Jan 2024	51.42	51.86	52.08	51.31	0.489 times
25 Thu Jan 2024	51.69	52.00	52.44	51.34	0.66 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 56.4, for a target of 54.1 or 52.14

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	39.94
Downside Target	41.83
Downside Target	44.22
Downside Target	46.66
Downside Target	48.06
Downside Target	49.40
Downside Target	50.63
Downside Target	52.57
Downside Target	53.60
Downside Target	53.84
Downside Target	54.27
Downside Target	54.80
Upside Target	56.27

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	54.62
Downside Intraday Target	53.44
Upside Intraday Target	56.62
Upside Intraday Target	57.44
Downside Intraday Target	55.44

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Feb 2024	55.79	54.54	56.27	54.27	0.782 times
02 Fri Feb 2024	54.62	51.28	54.80	51.28	1.225 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

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
07 Wed Feb 2024	55.79	53.94	56.27	53.60	0.258 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
30 Thu Nov 2023	45.85	42.07	46.66	41.83	0.732 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 losing 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 SELL signal in short term but selling is losing 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 53.86 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.