FORTINET INC (FTNT)
US34959E1091 - Common Stock
We assign a technical rating of 1 out of 10 to FTNT. FTNT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
FTNT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
FTNT has an average volume of 4718570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, FTNT turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
FTNT is an average performer in the Software industry, it outperforms 47% 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 trading in the upper part of its 52 week range, so FTNT is lagging the market slightly.
Although the technical rating is bad, FTNT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 64.06, a Stop Loss order could be placed below this zone.
More info and screens
51.58
73.80
When analyzing the support we can see 2 important areas.
- A support zone ranging from 63.39 to 64.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.10 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @69.79 from a trend line in the weekly time frame.
- Resistance @71.35 from a horizontal line in the weekly time frame.
- Resistance @73.07 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.54
Mansfield-0.92
10 Day High67.19
10 Day Low62.61
20 Day High73.63
20 Day Low62.61
52 Week High81.24
52 Week Low44.12
Performance
1 Week1.23%
2 Weeks-3.42%
1 Month-6.05%
3 Month-2.93%
6 Month14.08%
12 Month1.79%
2 Year11.03%
3 Year57.13%
5 Year243.5%
10 Year1359.96%
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)-0.19
RSI(14)40.46
LBB61.99
UBB68.65
FORTINET INC
NASDAQ:FTNT (4/26/2024, 7:00:00 PM)
After market: 64.15 -0.03 (-0.05%)64.18
+0.15 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.23%
1 Week1.23%
2 Weeks-3.42%
1 Month-6.05%
3 Month-2.93%
6 Month14.08%
12 Month1.79%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.61
ATR(20)%3.11%
ATR Inc
Range Today1.25
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 High67.19
10 Day Low62.61
20 Day High73.63
20 Day Low62.61
52 Week High81.24
52 Week Low44.12
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.14M
Volume Incr-12.19%
Vol(5)3.76M
Vol(50)4.72M