CIENA CORP. - 15 min. - Technical analysis published on 03/17/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 49.86 USD
My targets
48.91 USD (-1.07%)
48.39 USD (-2.13%)
My analysis
CIENA CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 49.86 USD. The next support located at 48.91 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 48.39 USD. Below this support, sellers could then target 47.44 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by wainez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CIENA CORP. price is 49.44 USD. On the day, this instrument lost -2.83% with the lowest point at 49.33 USD and the highest point at 50.80 USD. The deviation from the price is +0.22% for the low point and -2.68% for the high point.49.33
50.80
49.44
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CIENA CORP. in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 46.18 | 47.98 | 48.70 | 49.44 | 50.01 | 51.96 | 54.25 |
| Change (%) | -6.59% | -2.95% | -1.50% | - | +1.15% | +5.10% | +9.73% |
| Change | -3.26 | -1.46 | -0.74 | - | +0.57 | +2.52 | +4.81 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.44 | 48.39 | 48.91 | 49.86 | 50.38 | 51.33 | 51.85 |
| Camarilla | 49.04 | 49.17 | 49.31 | 49.44 | 49.58 | 49.71 | 49.84 |
| Woodie | 47.24 | 48.28 | 48.71 | 49.75 | 50.18 | 51.22 | 51.65 |
| Fibonacci | 48.39 | 48.95 | 49.30 | 49.86 | 50.42 | 50.77 | 51.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.83 | 45.89 | 47.67 | 49.73 | 51.51 | 53.57 | 55.35 |
| Camarilla | 48.38 | 48.74 | 49.09 | 49.44 | 49.79 | 50.14 | 50.50 |
| Woodie | 43.68 | 45.82 | 47.52 | 49.66 | 51.36 | 53.50 | 55.20 |
| Fibonacci | 45.89 | 47.36 | 48.27 | 49.73 | 51.20 | 52.11 | 53.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.40 | 42.11 | 45.17 | 48.88 | 51.94 | 55.65 | 58.71 |
| Camarilla | 46.36 | 46.98 | 47.60 | 48.22 | 48.84 | 49.46 | 50.08 |
| Woodie | 38.07 | 41.95 | 44.84 | 48.72 | 51.61 | 55.49 | 58.38 |
| Fibonacci | 42.11 | 44.70 | 46.30 | 48.88 | 51.47 | 53.07 | 55.65 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.69 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -13.16 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 49.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.79 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 50.11 | |
| Zig ZAG (10): | 49.43 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 20.51 | |
| TEMA (21): | 49.48 | |
| Williams %R (14): | -87.18 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.42 |
| MA7: | 49.95 | |
| MA20: | 48.99 | |
| MA50: | 49.84 | |
| MA100: | 48.27 | |
| MAexp7: | 49.59 | |
| MAexp20: | 49.77 | |
| MAexp50: | 49.94 | |
| MAexp100: | 50.02 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | -0.80% | |
| Price / MA100: | +2.42% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -1.18% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on CIENA CORP.. At the time of publication of this analysis, the latest news was as follows:
- Ciena Supports Colt’s Launch of Long-Haul Networking Services in Japan
- ASE Reduces Cable Power Consumption by 60% with Ciena
- Thinking about buying stock in BridgeBio Pharma, Kala Pharmaceuticals, Azul, Unicycive Therapeutics, or Ciena Corp?
- Ciena Reports Fiscal First Quarter 2023 Financial Results
- Ciena to Webcast Financial Community Event
This member declared not having a position on this financial instrument or a related financial instrument.
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