FORTINET INC (FTNT) Technical Analysis
NASDAQ:FTNT • US34959E1091
Current stock price
87.09 USD
+1.83 (+2.15%)
At close:
85.51 USD
-1.58 (-1.81%)
After Hours:
FTNT Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to FTNT. FTNT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 76% of all other stocks performed better in the past year than FTNT.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month FTNT has a been trading in the 76.01 - 87.64 range, which is quite wide. It is currently trading near the high of this range.
- FTNT has an average volume of 6280330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FTNT is part of the Software industry. There are 272 other stocks in this industry, FTNT did better than 67% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
FTNT Weekly and Daily overview Charts
FTNT Setup Rating and Analysis
FTNT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FTNT Support and Resistance Analysis
73.65
88.70
We found 4 important support areas.
- Support @86.46 from a horizontal line in the daily time frame.
- A support zone ranging from 81.29 to 81.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @76.44 from a horizontal line in the daily time frame.
- A support zone ranging from 74.39 to 74.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 87.10 to 87.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
FTNT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FTNT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTNT is up. |
| ChartMill Relative Strength | 24.79 | NEGATIVE | FTNT has a low relative strength, it was outperformed by 75.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FTNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.14 | NEUTRAL | The RSI value for FTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests FTNT has a positive trend. |
| Stochastics (14,3) | 83.87 | OVERBOUGHT | The high Stochastics value suggests FTNT may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for FTNT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.59 | NEGATIVE | The low ADX value for FTNT suggests a weak or negative trend. |
FTNT Chart- and CandleStick Pattern Analysis
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)
FTNT Technicals: Chart, Performance Metrics, Trend & Indicators
87.09
+1.83 (+2.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.15%
1 Week9.35%
2 Weeks4.29%
1 Month9.77%
3 Month6.68%
6 Month1.79%
12 Month-14.45%
2 Year37.84%
3 Year38.13%
5 Year113.22%
10 Year1239.43%
15 Year794.15%
Volatility
ATR(14)2.9
ATR(20)%3.42%
ATR Inc5.37%
Range Today1.86
ADR(20)2.84
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.79
3 months CRS79.55
6 months CRS53.78
Mansfield-0.89
10 Day High87.64
10 Day Low76.01
20 Day High87.64
20 Day Low76.01
52 Week High109.33
52 Week Low70.12
CS1 End86.46
CR1 Start87.1
Volume & EV
DER(3)2.29%
DER(5)2.26%
Volume4.44M
Volume Incr-26.26%
Vol(5)4.82M
Vol(50)6.28M
FORTINET INC / FTNT TA FAQ
What is the ChartMill technical rating of FORTINET INC (FTNT) stock?
ChartMill assigns a technical rating of 5 / 10 to FTNT.
What is the current trend direction of FORTINET INC (FTNT) stock?
The current trend direction for FORTINET INC (FTNT) is Bearish.
Can you provide the RSI signal for FORTINET INC?
FORTINET INC (FTNT) has an RSI value of 63.141. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORTINET INC?
The MACD indicator for FORTINET INC (FTNT) has a value of 0.660266, indicating a bearish trend.
What is the short term momentum for FTNT stock?
The short term momentum for FORTINET INC (FTNT) is positive.