Technical Analysis for CIEN - Ciena Corporation

Grade Last Price % Change Price Change
B 68.68 3.31% 2.20
CIEN closed down 0.92 percent on Wednesday, November 20, 2024, on 54 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
Earnings due: Dec 5
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 3.31%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 3.31%
NR7 Range Contraction 3.31%
NR7-2 Range Contraction 3.31%
Inside Day Range Contraction 3.31%
20 DMA Resistance Bearish 2.35%
NR7 Range Contraction 2.35%
Fell Below 20 DMA Bearish 3.15%
MACD Bearish Signal Line Cross Bearish 3.15%
Down 3 Days in a Row Weakness 3.15%

   Recent Intraday Alerts

Alert Time
Up 3% about 1 hour ago
Up 1 ATR about 1 hour ago
Up 2% about 2 hours ago
60 Minute Opening Range Breakout about 2 hours ago
Gap Up Partially Closed about 2 hours ago

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Profile

Ciena Corporation Description

Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. Its product portfolio consists of packet-optical transport that includes optical transport solutions to increase network capacity and enable delivery of a broader mix of high-bandwidth services; and packet-optical switching, which comprise optical switching platforms incorporating multiservice and multi-protocol switching systems that enable automated optical infrastructures for the delivery of various enterprise and consumer-oriented network services. The company also offers carrier Ethernet solutions, including service delivery switches and service aggregation switches to support the access and aggregation tiers of communications networks, as well as to support wireless backhaul infrastructures and business data services; and software solutions to track individual services across multiple product suites, facilitating planned network maintenance, outage detection, and identification of customers or services affected by network troubles. In addition, Ciena Corporation provides consulting and support services, such as project management, deployment, maintenance support, consulting, and training services, as well as network analysis, planning, design, optimization, modernization, and assurance. Its packet-optical transport, packet-optical switching, and carrier Ethernet solutions products are used individually or as part of an integrated solution in networks operated by communications service providers, cable operators, governments, enterprises, and other network operators. The company sells its communications networking solutions directly, as well as through strategic channel relationships. Ciena Corporation was founded in 1992 and is headquartered in Hanover, Maryland.


Classification

Sector: Technology
Industry: Communication Equipment
Keywords: Computing Telecommunications Project Management Ethernet Computer Networking Computer Network Network Architecture Backhaul Communications Network Network Operators Communications Service Providers Fiber Optic Communication Networking Solutions Cable Operator Network Switch Ethernet Solutions Wireless Backhaul Overture Networks Transport Solutions

Is CIEN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 73.47
52 Week Low 42.2
Average Volume 1,898,601
200-Day Moving Average 53.92
50-Day Moving Average 64.66
20-Day Moving Average 67.15
10-Day Moving Average 69.37
Average True Range 2.01
RSI (14) 48.98
ADX 22.14
+DI 26.09
-DI 25.05
Chandelier Exit (Long, 3 ATRs) 67.43
Chandelier Exit (Short, 3 ATRs) 69.04
Upper Bollinger Bands 72.95
Lower Bollinger Band 61.35
Percent B (%b) 0.44
BandWidth 17.27
MACD Line 1.00
MACD Signal Line 1.44
MACD Histogram -0.4401
Fundamentals Value
Market Cap 9.64 Billion
Num Shares 145 Million
EPS 1.71
Price-to-Earnings (P/E) Ratio 38.88
Price-to-Sales 1.88
Price-to-Book 2.89
PEG Ratio 0.77
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 68.49
Resistance 3 (R3) 68.55 67.93 68.16
Resistance 2 (R2) 67.93 67.42 67.91 68.04
Resistance 1 (R1) 67.21 67.11 66.90 67.15 67.93
Pivot Point 66.59 66.59 66.44 66.57 66.59
Support 1 (S1) 65.87 66.08 65.56 65.81 65.03
Support 2 (S2) 65.25 65.77 65.23 64.92
Support 3 (S3) 64.53 65.25 64.81
Support 4 (S4) 64.47