FORTINET INC (FTNT)

US34959E1091 - Common Stock

65.45  +0.65 (+1%)

After market: 65.15 -0.3 (-0.46%)

Technical Rating and Analysis

2

Taking everything into account, FTNT scores 2 out of 10 in our technical rating. FTNT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month FTNT has a been trading in the 62.61 - 73.63 range, which is quite wide. It is currently trading near the lows of this range.
FTNT has an average volume of 4744650 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 compared to the yearly performance of all other stocks, FTNT outperforms 48% of them, which is more or less in line with the market.
FTNT is part of the Software industry. There are 276 other stocks in this industry, FTNT did better than 50% of them.
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.
Weekly and Daily overview Charts
FTNT Weekly chart
FTNT Daily chart
Setup Rating and Analysis

6

FTNT has a poor technical rating and the quality of the setup is also not perfect 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.

Support and Resistance Analysis

51.58

73.80

2 important support areas can be observed.

  • A support zone ranging from 63.40 to 63.80. 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.

When analyzing the resistance we notice 3 important areas.

  • Resistance @69.79 from a trend line in the weekly time frame.
  • A resistance zone ranging from 71.35 to 71.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @73.07 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.16
Mansfield-0.69
10 Day High68.86
10 Day Low62.61
20 Day High73.63
20 Day Low62.61
52 Week High81.24
52 Week Low44.12
Performance
1 Week1.22%
2 Weeks-3.93%
1 Month-2.97%
3 Month-1.01%
6 Month16.33%
12 Month3.81%
2 Year13.23%
3 Year60.24%
5 Year250.3%
10 Year1388.85%
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)-0.26
RSI(14)44.66
LBB61.71
UBB70.51
FTNT Daily chart

FORTINET INC

NASDAQ:FTNT (4/24/2024, 7:04:08 PM)

After market: 65.15 -0.3 (-0.46%)

65.45

+0.65 (+1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1%
1 Week1.22%
2 Weeks-3.93%
1 Month-2.97%
3 Month-1.01%
6 Month16.33%
12 Month3.81%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.71
ATR(20)%3.05%
ATR Inc
Range Today1.21
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 High68.86
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)
Volume3.82M
Volume Incr-11.76%
Vol(5)3.78M
Vol(50)4.74M