FORTINET INC (FTNT) Stock Technical Analysis
NASDAQ:FTNT - Nasdaq - US34959E1091 - Common Stock - Currency: USD
Overall FTNT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTNT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FTNT did better than 92% of all other stocks. On top of that, FTNT also shows a nice and consistent pattern of rising prices.
FTNT is one of the better performing stocks in the Software industry, it outperforms 84% of 283 stocks in the same industry.
FTNT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FTNT is performing more or less in line with the market.
FTNT has an average volume of 5209230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FTNT has a been trading in the 93.25 - 109.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, FTNT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 102.50, a Stop Loss order could be placed below this zone.
More info and screens
62.37
108.40
5 important support areas can be observed.
- A support zone ranging from 99.08 to 102.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 97.42 to 97.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.35 from a trend line in the weekly time frame.
- Support @87.05 from a trend line in the daily time frame.
- Support @63.00 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 103.55 to 104.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @107.33 from a trend 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
CRS92.86
Mansfield1.75
10 Day High105.97
10 Day Low93.25
20 Day High109.33
20 Day Low93.25
52 Week High114.82
52 Week Low54.57
Performance
1 Week-0.38%
2 Weeks-3.64%
1 Month6.02%
3 Month-6.53%
6 Month10.85%
12 Month67.63%
2 Year50.5%
3 Year74.81%
5 Year269.4%
10 Year1183.57%
15 Year3050.74%
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)-0.11
RSI(14)51.65
LBB97.59
UBB110.09
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 104.70 | 99.07 | 5.63 (5.38%) | 18.60% |
| An entry @104.70. This is a Buy Stop order right above the resistance zone. | An exit @99.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.63 points, which is 5.38%. | When investing 18.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
102.84
-1.95 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.86%
1 Week-0.38%
2 Weeks-3.64%
1 Month6.02%
3 Month-6.53%
6 Month10.85%
12 Month67.63%
2 Year50.5%
3 Year74.81%
5 Year269.4%
10 Year1183.57%
15 Year3050.74%
Volatility
ATR(14)3.64
ATR(20)%3.33%
ATR Inc-51.44%
Range Today2.03
ADR(20)2.9
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.86
Mansfield1.75
10 Day High105.97
10 Day Low93.25
20 Day High109.33
20 Day Low93.25
52 Week High114.82
52 Week Low54.57
CS1 End102.5
CR1 Start103.55
Volume & EV
DER(3)0.62%
DER(5)1.35%
Volume4.42M
Volume Incr-17.77%
Vol(5)4.23M
Vol(50)5.21M