FORTINET INC (FTNT)
US34959E1091 - Common Stock
We assign a technical rating of 0 out of 10 to FTNT. FTNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% of all other stocks performed better in the past year than FTNT.
In the last month FTNT has a been trading in the 57.70 - 62.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FTNT has an average volume of 5283550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FTNT is an average performer in the Software industry, it outperforms 41% of 276 stocks in the same industry.
FTNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTNT is lagging the market.
FTNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 60.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.18, a Stop Loss order could be placed below this zone.
More info and screens
52.03
68.91
We found 2 important support areas.
- A support zone ranging from 57.43 to 60.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.56 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 60.79 to 60.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.07 from a horizontal line in the daily time frame.
- Resistance @68.23 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.58
Mansfield-1.55
10 Day High60.89
10 Day Low58.16
20 Day High62.41
20 Day Low57.71
52 Week High81.24
52 Week Low44.12
Performance
1 Week1.77%
2 Weeks2.46%
1 Month-0.75%
3 Month-8.9%
6 Month5.1%
12 Month-16.49%
2 Year7.42%
3 Year27.59%
5 Year295.55%
10 Year1109.31%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.3
RSI(14)50.91
LBB58.16
UBB61.06
FORTINET INC
NASDAQ:FTNT (6/17/2024, 8:48:05 AM)
60.4
-0.38 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.63%
1 Week1.77%
2 Weeks2.46%
1 Month-0.75%
3 Month-8.9%
6 Month5.1%
12 Month-16.49%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.42
ATR(20)%2.34%
ATR Inc
Range Today0.46
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High60.89
10 Day Low58.16
20 Day High62.41
20 Day Low57.71
52 Week High81.24
52 Week Low44.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume182.94K
Volume Incr-5.94%
Vol(5)4.22M
Vol(50)5.28M