Technical Analysis for CIEN - Ciena Corporation

Grade Last Price % Change Price Change
D 49.50 -1.04% -0.52
CIEN closed down 1.04 percent on Monday, March 18, 2024, on 82 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. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Multiple of Ten Bearish Other 0.00%
Inside Day Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Calm After Storm Range Contraction -1.04%
Multiple of Ten Bullish Other -1.04%
Oversold Stochastic Weakness -1.04%
Calm After Storm Range Contraction -1.45%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 8 hours ago
Down 1% about 8 hours ago
Possible NR7 about 10 hours ago
Possible Inside Day about 10 hours ago
Down 2 % 4 days 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 Network Computer Networking Network Architecture Backhaul Communications Network Network Operators Communications Service Providers Fiber Optic Communication Cable Operator Networking Solutions 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 63.24
52 Week Low 39.94
Average Volume 2,273,557
200-Day Moving Average 46.39
50-Day Moving Average 53.64
20-Day Moving Average 55.22
10-Day Moving Average 53.46
Average True Range 1.99
RSI (14) 36.71
ADX 32.77
+DI 19.98
-DI 39.49
Chandelier Exit (Long, 3 ATRs) 57.27
Chandelier Exit (Short, 3 ATRs) 55.15
Upper Bollinger Bands 63.03
Lower Bollinger Band 47.40
Percent B (%b) 0.13
BandWidth 28.31
MACD Line -1.04
MACD Signal Line 0.12
MACD Histogram -1.1546
Fundamentals Value
Market Cap 7.18 Billion
Num Shares 145 Million
EPS 1.71
Price-to-Earnings (P/E) Ratio 28.95
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) 50.54
Resistance 3 (R3) 50.63 50.39 50.36
Resistance 2 (R2) 50.39 50.12 50.34 50.30
Resistance 1 (R1) 49.94 49.96 49.82 49.85 50.25
Pivot Point 49.70 49.70 49.64 49.65 49.70
Support 1 (S1) 49.25 49.43 49.13 49.16 48.75
Support 2 (S2) 49.01 49.27 48.96 48.70
Support 3 (S3) 48.56 49.01 48.64
Support 4 (S4) 48.47