(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 2024-01-09 View latest technical analysis
10 day averaged volume of Fortinet Inc is 4234920
Date | Daily Closing Price | Open | High | Low | Volume |
09 Tue Jan 2024 | 59.40 | 60.31 | 61.20 | 59.31 | 2.145 times |
08 Mon Jan 2024 | 61.26 | 58.55 | 61.30 | 58.45 | 1.43 times |
05 Fri Jan 2024 | 58.34 | 58.26 | 58.93 | 58.08 | 1.16 times |
04 Thu Jan 2024 | 58.39 | 58.00 | 58.73 | 57.78 | 1.267 times |
03 Wed Jan 2024 | 57.85 | 57.28 | 58.22 | 56.94 | 1.258 times |
02 Tue Jan 2024 | 57.78 | 58.10 | 58.77 | 57.35 | 1.42 times |
29 Fri Dec 2023 | 58.53 | 59.30 | 59.39 | 58.27 | 0.68 times |
29 Fri Dec 2023 | 58.53 | 59.30 | 59.39 | 58.27 | 0.68 times |
28 Thu Dec 2023 | 59.40 | 59.50 | 59.58 | 59.06 | 0.685 times |
27 Wed Dec 2023 | 59.34 | 59.66 | 59.83 | 59.02 | 0.68 times |
Stock of Fortinet Inc (FTNT) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 59.6 as stoploss in an intra day sell trade for a target of 58.15. However, stock will show a bullish move above 59.6.
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 |
Upside Target | 59.53 |
Upside Target | 59.87 |
Upside 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 | 58.13 |
Downside Intraday Target | 56.87 |
Upside Intraday Target | 60.98 |
Upside Intraday Target | 62.57 |
Upside Intraday Target | 59.72 |
Weekly technical analysis of Fortinet Inc (FTNT)
Date | Weekly Closing Price | Open | High | Low | Volume |
09 Tue Jan 2024 | 59.40 | 58.55 | 61.30 | 58.45 | 0.7 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 |
09 Tue Jan 2024 | 59.40 | 58.10 | 61.30 | 56.94 | 0.297 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 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 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 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 losing momentum.
MACD generated a BUY signal for Fortinet Inc in short term and the buy signal is strong.
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 coming down
CCI has generated a SELL signal for Fortinet Inc in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Fortinet Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 58.93 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 has given negative 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.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short 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 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 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 losing momentum.
MACD generated a BUY signal for Fortinet Inc in short term and the buy signal is strong.
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 coming down
CCI has generated a SELL signal for Fortinet Inc in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Fortinet Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 58.93 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 has given negative 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.