Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(FTNT) Fortinet Inc complete technical analysis [charts+indicators] | Buy/Sell Fortinet Inc | (FTNT) share price targets

Complete technical analysis of Fortinet Inc (FTNT) by charts plus indicators, forecast predictions and share price targets for Fortinet Inc (FTNT)

Fortinet Inc trades in USA in Technology sector.

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Fortinet Inc is 4135220

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	61.26	58.55	61.30	58.45	1.464 times
05 Fri Jan 2024	58.34	58.26	58.93	58.08	1.188 times
04 Thu Jan 2024	58.39	58.00	58.73	57.78	1.297 times
03 Wed Jan 2024	57.85	57.28	58.22	56.94	1.289 times
02 Tue Jan 2024	57.78	58.10	58.77	57.35	1.454 times
29 Fri Dec 2023	58.53	59.30	59.39	58.27	0.697 times
29 Fri Dec 2023	58.53	59.30	59.39	58.27	0.697 times
28 Thu Dec 2023	59.40	59.50	59.58	59.06	0.701 times
27 Wed Dec 2023	59.34	59.66	59.83	59.02	0.696 times
26 Tue Dec 2023	59.80	59.46	59.87	59.13	0.758 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 61.7, for a target of 59.6 or 57.86

Share price targets for Fortinet Inc (FTNT)

Target Type	Value
Downside Target	44.12
Downside Target	50.65
Downside Target	55.46
Downside Target	56.94
Downside Target	59.39
Downside Target	59.53
Downside Target	59.87
Downside Target	60.60
Upside Target	61.30
Upside Target	65.68

Intraday share price targets for Fortinet Inc (FTNT)

Target Type	Value
Downside Intraday Target	59.37
Downside Intraday Target	57.49
Upside Intraday Target	62.22
Upside Intraday Target	63.19
Downside Intraday Target	60.34

Weekly technical analysis of Fortinet Inc (FTNT)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	61.26	58.55	61.30	58.45	0.28 times
05 Fri Jan 2024	58.34	58.10	58.93	56.94	7.506 times
29 Fri Dec 2023	58.53	59.30	59.39	58.27	0.244 times
29 Fri Dec 2023	58.53	59.46	59.87	58.27	0.352 times
22 Fri Dec 2023	59.27	57.71	59.53	55.80	0.752 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Fortinet Inc (FTNT)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	61.26	58.10	61.30	56.94	0.223 times
29 Fri Dec 2023	58.53	52.05	59.87	50.65	0.609 times
30 Thu Nov 2023	52.56	57.43	58.19	44.12	1.62 times
31 Tue Oct 2023	57.17	58.79	60.60	55.46	1.277 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Fortinet Inc (FTNT)

Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Fortinet Inc ( (FTNT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fortinet Inc ( (FTNT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Fortinet Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Fortinet Inc in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Fortinet Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Fortinet Inc in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Fortinet Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.9 and Fortinet Inc (FTNT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Fortinet Inc (FTNT) stock. Volume based technical analysis of Fortinet Inc (FTNT) stock is negative.

Fortinet Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.