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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.

10 day averaged volume of Ciena Corporation is 1634490

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	47.51	47.06	47.54	46.47	0.547 times
01 Wed May 2024	46.63	46.23	47.50	46.04	0.899 times
30 Tue Apr 2024	46.23	46.50	47.38	46.21	1.357 times
29 Mon Apr 2024	46.76	46.83	47.05	46.50	0.756 times
26 Fri Apr 2024	46.61	45.98	46.85	45.72	0.894 times
25 Thu Apr 2024	45.68	44.73	45.89	44.69	1.581 times
24 Wed Apr 2024	45.04	45.00	45.53	44.87	0.893 times
23 Tue Apr 2024	44.72	43.78	44.93	43.53	1.132 times
22 Mon Apr 2024	43.92	43.75	43.99	43.30	0.821 times
19 Fri Apr 2024	43.56	43.79	44.03	43.32	0.748 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 47.2, but if it comes below 47.2, then a intra day sell could be more profitable.
If you take a sell trade below 47.2, then use 47.2 as stoploss and 45.84 as target. However if you take a buy trade in stock , then use 47.2 as stoploss and 48.8 as target.

Share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Target	43.30
Downside Target	44.22
Downside Target	45.26
Upside Target	48.03
Upside Target	49.04
Upside Target	49.80
Upside Target	53.17
Upside Target	53.84
Upside Target	57.73
Upside Target	63.24

Intraday share price targets for Ciena Corporation (CIEN)

Target Type	Value
Downside Intraday Target	46.52
Downside Intraday Target	45.53
Upside Intraday Target	48.02
Upside Intraday Target	48.53
Downside Intraday Target	47.03

Weekly technical analysis of Ciena Corporation (CIEN)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	47.51	46.83	47.54	46.04	0.669 times
26 Fri Apr 2024	46.61	43.75	46.85	43.30	1.122 times
19 Fri Apr 2024	43.56	45.74	45.84	43.32	1.042 times
12 Fri Apr 2024	45.60	47.94	48.03	45.26	0.992 times
05 Fri Apr 2024	47.59	49.61	49.80	47.52	1.346 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
02 Thu May 2024	47.51	46.23	47.54	46.04	0.068 times
30 Tue Apr 2024	46.23	49.61	49.80	43.30	0.586 times
28 Thu Mar 2024	49.45	57.14	63.24	49.04	1.628 times
29 Thu Feb 2024	56.98	53.94	57.73	53.17	0.98 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Ciena Corporation stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Ciena Corporation in short term but the buy signal is initial and weak.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 positive zone. This is a BUY 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 45.63 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.