81.64 USD
+4.02 (+5.18%)
81.43 USD
-0.21 (-0.26%)
Overall FTNT gets a technical rating of 2 out of 10. FTNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, FTNT is a bad performer in the overall market: 79% of all stocks are doing better.
- FTNT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month FTNT has a been trading in the 73.55 - 85.06 range, which is quite wide. It is currently trading near the high of this range.
- FTNT has an average volume of 5791380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- FTNT is an average performer in the Software industry, it outperforms 68% of 278 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of FTNT is bad and it also does not present a 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
73.65
97.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 80.39 to 81.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice 3 important areas.
- Resistance @85.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 86.92 to 87.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @96.99 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for FTNT is neutral. |
| ChartMill Relative Strength | 21.6 | NEGATIVE | FTNT has a low relative strength, it was outperformed by 78.4% 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) | DOWN | MIXED | The current price of FTNT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FTNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.93 | NEUTRAL | The RSI value for FTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests FTNT has a positive trend. |
| Stochastics (14,3) | 52.02 | NEUTRAL | The Stochastics value for FTNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for FTNT suggests some volalility. |
| Average Directional Index/ADX (14) | 30.31 | POSITIVE | The high ADX value value for FTNT suggests a strong trend. |
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)
81.64
+4.02 (+5.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg5.18%
1 Week6.97%
2 Weeks4.6%
1 Month1.21%
3 Month-4.58%
6 Month-22.11%
12 Month-15.75%
2 Year26.59%
3 Year55.98%
5 Year182%
10 Year1350.6%
15 Year961.64%
Volatility
ATR(14)2.29
ATR(20)%2.45%
ATR Inc152.05%
Range Today3.96
ADR(20)1.76
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.6
3 months CRS28.27
6 months CRS14.45
Mansfield-2.03
10 Day High85.06
10 Day Low73.55
20 Day High85.06
20 Day Low73.55
52 Week High114.82
52 Week Low70.12
CS1 End81.04
CR1 Start85.27
Volume & EV
DER(3)0.63%
DER(5)0.11%
Volume10.96M
Volume Incr18.65%
Vol(5)7.39M
Vol(50)5.79M
FORTINET INC / FTNT FAQ
What is the ChartMill technical rating of FORTINET INC (FTNT) stock?
ChartMill assigns a technical rating of 2 / 10 to FTNT.
What is the current trend direction of FORTINET INC (FTNT) stock?
The current trend direction for FORTINET INC (FTNT) is Bearish.
What is the RSI signal for FORTINET INC (FTNT) stock?
FORTINET INC (FTNT) has an RSI value of 58.9331. This indicates that the stock is currently neutral.
What is the short term momentum for FORTINET INC (FTNT) stock?
The short term momentum for FORTINET INC (FTNT) is neutral.