Previous Hold Today CIEN ranks #3057 as HOLD CANDIDATE #3057 Next Hold

CIEN stock forecast Ciena Corporation

CIEN stock forecast

Friday December 13, 2019 Change -2.91% Price $41.38
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (1 opinions)
100%
0%
Social Sentiment 0.00

CIEN Forecast and Technical Stock Analysis


Hold candidate since 2019-12-12 Loss -2.91% PDF

Ciena Corporation fell by -2.91% in the last day ( Friday, 13th Dec 2019 ) from $42.62 to $41.38 During the day the stock fluctuated 6.75% from a day low at $41.19 to a day high of $43.97. The price has fallen in 7 of the last 10 days , but is still up by 9.01% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -12.81 million shares and in total 10.06 million shares bought and sold for approximately $416.33 million.

Quick summary:

  • 30 day high of the CIEN stock price was $43.97 and low was $33.22.
  • 90 day high was $43.97 and low was $33.22.
  • 52 week high for Ciena Corporation - $46.78 and low - $30.77.
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Trend

Ciena Corporation lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $42.58 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.97% during the next 3 months and, with 90% probability hold a price between $32.76 and $40.47 at the end of this period.

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Signals

Ciena Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $37.14 and $37.18. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday December 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 66 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Ciena Corporation finds support from accumulated volume at $39.58.

Support: $39.58 Price: $41.38 Resistance: $42.62

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.78 between high and low, or 6.75%. For the last week, the stock has had a daily average volatility of 5.41%.

Our recommended stop-loss: $39.18 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)

5.41 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Ciena Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development.

Previous Hold Today CIEN ranks #3057 as HOLD CANDIDATE #3057 Next Hold
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