Taking everything into account, FTNT scores 1 out of 10 in our technical rating. 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.
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 81.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.14, a Stop Loss order could be placed below this zone.
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73.65
When analyzing the support we can see 4 important areas.
- Support @81.14 from a trend line in the weekly time frame.
- A support zone ranging from 78.04 to 79.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 can see 4 important resistance areas.
- A resistance zone ranging from 81.20 to 82.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.36 to 85.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @98.19 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 | DOWN | NEGATIVE | The long term trend for FTNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FTNT is down. |
| ChartMill Relative Strength | 22.62 | NEGATIVE | FTNT has a low relative strength, it was outperformed by 77.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FTNT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTNT is below 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) | 45.95 | NEUTRAL | The RSI value for FTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests FTNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.07 | NEUTRAL | The Stochastics value for FTNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for FTNT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.17 | POSITIVE | The high ADX value value for FTNT suggests a strong trend. |
81.18
+0.52 (+0.64%)
FORTINET INC / FTNT FAQ
What is the ChartMill technical rating of FORTINET INC (FTNT) stock?
ChartMill assigns a technical rating of 1 / 10 to FTNT.
What is the trend direction for 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 45.9459. 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 -0.164784, indicating a bearish trend.
What is the buy/sell signal for FORTINET INC (FTNT) stock?
The buy/sell signal for FORTINET INC (FTNT) is sell as both the short term and long term trends are negative.