Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Ciena Corporation (NYSE:CIEN)

Bear Market Rally (-75) - CIEN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CIEN as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CIEN?

MarketClub looks at technical strength and momentum to determine if the timing is right for CIEN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low CIEN Price Change
43.78 44.93 43.53 44.73 +0.81
Entry Signal

MarketClub’s Trade Triangles for CIEN

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 44.22

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2024 at 53.17

short term up The short-term trend has been UP since Apr 23rd, 2024 at 44.62

Smart Scan Analysis for CIEN

Based on our trend formula, CIEN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for CIEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
43.78 44.93 43.53 44.73 +0.81
Prev. Close Volume Bid Ask Time
43.92 1526437 2024-04-23 15:59:56
Year High35.04Year High Date2018-11-08
Year Low20.71Year Low Date2018-02-06
52wk High63.2452wk High Date2024-03-04
52wk Low39.9452wk Low Date2023-10-26
Average Volume1,480,166Shares Outstanding144,603
Market Cap6,270MAssets559,321,000M
Liabilities266,971,100MP/E Ratio28.5195
Get a free daily analysis and signals for Ciena Corporation (CIEN) - Request Your Free Report.