FORTINET INC (FTNT) Technical Analysis
NASDAQ:FTNT • US34959E1091
Current stock price
FTNT Technical Rating and Analysis
Taking everything into account, FTNT scores 0 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 78% of all other stocks performed better in the past year than FTNT.
- 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 76.01 - 86.42 range, which is quite wide. It is currently trading near the lows of this range.
- FTNT has an average volume of 6908640 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 68% of 271 stocks in the same industry.
FTNT Weekly and Daily overview Charts
FTNT Setup Rating and Analysis
Although the technical rating is bad, FTNT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 76.44, a Stop Loss order could be placed below this zone.
More info and screens
FTNT Support and Resistance Analysis
73.65
2 important support areas can be observed.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 80.50 to 82.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @85.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 86.92 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 | 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 | 22.18 | NEGATIVE | FTNT has a low relative strength, it was outperformed by 77.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTNT is below a declining 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) | 44.15 | NEUTRAL | The RSI value for FTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests FTNT has a negative trend. |
| Stochastics (14,3) | 25.78 | NEUTRAL | The Stochastics value for FTNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for FTNT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.14 | NEGATIVE | The low ADX value for FTNT suggests a weak or negative trend. |
FTNT Chart- and CandleStick Pattern Analysis
FTNT Technicals: Chart, Performance Metrics, Trend & Indicators
78.74
+2.04 (+2.66%)
FORTINET INC / FTNT TA FAQ
What is the ChartMill technical rating of FORTINET INC (FTNT) stock?
ChartMill assigns a technical rating of 0 / 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 44.148. 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 -0.32878, indicating a bearish trend.
What is the short term momentum for FTNT stock?
The short term momentum for FORTINET INC (FTNT) is negative.