Infinera Corp (INFN): Price Down $-0.03 (-0.42)% Over Past Day, Down $-0.03 (-0.3)% Over Past Hour

The Hourly View for INFN

At the moment, INFN (Get Ratings)’s price is down $-0.03 (-0.3%) from the hour prior. INFN has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Electronic Equipment stocks, INFN ranks 66th in regards to today’s price percentage change.

INFN’s Technical Outlook on the Daily Chart

Currently, INFN’s price is down $-0.03 (-0.42%) from the day prior. INFN has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows INFN’s price action over the past 90 days.

INFN

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INFN: Daily RSI Analysis

  • INFN’s RSI now stands at 48.1013.
  • INFN and RSI both have consistent trends, as they are both heading down.

For INFN News Traders

News traders keeping an eye on INFN may find value in this recent story:

GÉANT Delivers 800G Transmission on Research & Education Network with Infinera ICE6

SAN JOSE, Calif., Sept. 14, 2021 (GLOBE NEWSWIRE) — Infinera (NASDAQ: INFN) announced today that GÉANT, Europe’s leading collaboration on network and related infrastructure and services for research and education, completed a live network trial of 800G transmission on its pan-European production network. Powered by Infinera’s industry-leading ICE6 800G coherent technology on the GX Series Compact Modular Platform, this trial demonstrated the ability of GÉANT’s network to massively increase capa

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