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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 2024-03-05 View latest technical analysis

10 day averaged volume of Ciena Corporation is 2242800

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	61.11	62.21	62.41	60.79	1.055 times
04 Mon Mar 2024	62.48	62.00	63.24	62.00	1.773 times
01 Fri Mar 2024	60.84	57.14	61.01	57.00	1.677 times
29 Thu Feb 2024	56.98	57.09	57.25	56.30	1.168 times
28 Wed Feb 2024	56.62	55.79	56.83	55.52	0.682 times
27 Tue Feb 2024	56.14	56.36	56.50	55.35	0.501 times
26 Mon Feb 2024	56.16	55.37	56.17	54.66	0.923 times
23 Fri Feb 2024	55.33	56.29	56.29	54.82	0.858 times
22 Thu Feb 2024	56.32	55.51	56.35	54.89	0.916 times
21 Wed Feb 2024	54.45	54.05	54.49	53.17	0.735 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 61.5, for a target of 59 or 56.79

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
Downside Target	53.17
Downside Target	56.35
Downside Target	57.17
Downside Target	57.73
Downside Target	60.79
Downside Target	61.01
Upside Target	63.24

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	60.19
Downside Intraday Target	59.26
Upside Intraday Target	62.64
Upside Intraday Target	64.16
Upside Intraday Target	61.71

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	61.11	62.00	63.24	60.79	0.571 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
16 Fri Feb 2024	55.91	56.86	57.73	54.19	0.849 times
09 Fri Feb 2024	56.74	54.54	57.17	54.27	1.235 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
05 Tue Mar 2024	61.11	57.14	63.24	57.00	0.277 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 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 coming down

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

RSI is generating a BUY signal in short term but buying is losing 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 58.47 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.