Technical Analysis for CIEN - Ciena Corporation

Grade Last Price % Change Price Change
C 47.74 -0.91% -0.44
CIEN closed down 0.91 percent on Monday, July 1, 2024, on 73 percent of normal volume. It was able to find support at its 50 day moving average. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze Started Range Contraction 0.00%
Shooting Star Candlestick Bearish -0.91%
Lizard Bearish Bearish Day Trade Setup -0.91%
200 DMA Support Bullish -0.91%
Pocket Pivot Bullish Swing Setup -0.91%
Doji - Bearish? Reversal -0.91%

   Recent Intraday Alerts

Alert Time
50 DMA Support about 7 hours ago
20 DMA Support about 10 hours ago
10 DMA Support about 10 hours ago
Down 2 % about 11 hours ago
Fell Below 20 DMA about 11 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 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 1,656,111
200-Day Moving Average 48.02
50-Day Moving Average 47.67
20-Day Moving Average 47.42
10-Day Moving Average 47.53
Average True Range 1.30
RSI (14) 50.00
ADX 16.83
+DI 32.46
-DI 22.77
Chandelier Exit (Long, 3 ATRs) 49.69
Chandelier Exit (Short, 3 ATRs) 48.58
Upper Bollinger Bands 49.24
Lower Bollinger Band 45.60
Percent B (%b) 0.59
BandWidth 7.68
MACD Line -0.06
MACD Signal Line -0.16
MACD Histogram 0.106
Fundamentals Value
Market Cap 6.92 Billion
Num Shares 145 Million
EPS 1.71
Price-to-Earnings (P/E) Ratio 27.92
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) 49.41
Resistance 3 (R3) 49.40 48.85 49.13
Resistance 2 (R2) 48.85 48.42 48.85 49.03
Resistance 1 (R1) 48.29 48.16 48.02 48.30 48.94
Pivot Point 47.74 47.74 47.60 47.74 47.74
Support 1 (S1) 47.18 47.31 46.91 47.19 46.54
Support 2 (S2) 46.63 47.05 46.63 46.45
Support 3 (S3) 46.07 46.63 46.35
Support 4 (S4) 46.08