Technical Analysis for CIEN - Ciena Corporation

Grade Last Price % Change $ Change
grade B $24.53 1.70% 0.41
CIEN closed up 1.7 percent on Friday, January 13, 2017, on 85 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. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical CIEN trend table...

Date Alert Name Type % Chg
Jan 13 Bollinger Band Squeeze Range Contraction 0.00%
Jan 13 Shooting Star Candlestick Bearish 0.00%
Jan 13 NR7 Range Contraction 0.00%
Jan 12 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.70%
Jan 12 Bollinger Band Squeeze Range Contraction 1.70%
Jan 11 Bollinger Band Squeeze Range Contraction 0.57%
Jan 10 Bollinger Band Squeeze Range Contraction 1.78%
Jan 9 Bollinger Band Squeeze Range Contraction 1.24%
Jan 6 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.36%
Jan 6 Bollinger Band Squeeze Range Contraction 1.36%

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Profile
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.
Is CIEN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.19
52 Week Low 15.61
Average Volume 2,848,258
200-Day Moving Average 20.44
50-Day Moving Average 22.81
20-Day Moving Average 24.35
10-Day Moving Average 24.35
Average True Range 0.67
ADX 25.26
+DI 23.98
-DI: 14.67
Chandelier Exit (Long, 3 ATRs) 23.18
Chandelier Exit (Short, 3 ATRs) 25.23
Upper Bollinger Band 25.1
Lower Bollinger Band 23.6
Percent B (%b) 0.62
Bandwidth 0.061602