Stock Trend Analysis Report
Prepared for you on Tuesday, September 28, 2021.
Ciena Corporation (NYSE:CIEN)
Countertrend Down (-85) - CIEN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for CIEN
The long-term trend has been DOWN since Sep 20th, 2021 at 52.500
The intermediate-term trend has been DOWN since Sep 10th, 2021 at 54.263
The short-term trend has been UP since Sep 24th, 2021 at 52.050
Smart Scan Analysis for CIEN
Based on our trend formula, CIEN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||35.04||Year High Date||2018-11-08|
|Year Low||20.71||Year Low Date||2018-02-06|
|52wk High||61.09||52wk High Date||2021-06-08|
|52wk Low||38.03||52wk Low Date||2020-10-29|
|Average Volume||1,460,522||Shares Outstanding||154,929|