(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 2024-01-16 View latest technical analysis
10 day averaged volume of Fortinet Inc is 5771750
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 62.00 | 61.09 | 62.39 | 61.01 | 1.14 times |
| 12 Fri Jan 2024 | 62.44 | 62.63 | 63.04 | 61.76 | 0.831 times |
| 12 Fri Jan 2024 | 62.44 | 62.63 | 63.04 | 61.76 | 0.831 times |
| 11 Thu Jan 2024 | 62.25 | 62.00 | 62.33 | 60.96 | 0.879 times |
| 10 Wed Jan 2024 | 61.37 | 59.38 | 61.60 | 59.13 | 1.091 times |
| 09 Tue Jan 2024 | 59.40 | 60.31 | 61.20 | 59.31 | 1.574 times |
| 08 Mon Jan 2024 | 61.26 | 58.55 | 61.30 | 58.45 | 1.049 times |
| 05 Fri Jan 2024 | 58.34 | 58.26 | 58.93 | 58.08 | 0.851 times |
| 04 Thu Jan 2024 | 58.39 | 58.00 | 58.73 | 57.78 | 0.93 times |
| 03 Wed Jan 2024 | 57.85 | 57.28 | 58.22 | 56.94 | 0.923 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.3, but if it comes below 61.3, then a intra day sell could be more profitable.
If you take a sell trade below 61.3, then use 61.3 as stoploss and 59.61 as target. However if you take a buy trade in stock , then use 61.3 as stoploss and 63.3 as target.
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 | 60.60 |
| Downside Target | 61.01 |
| Downside Target | 61.76 |
| Upside Target | 62.39 |
| Upside Target | 63.04 |
| Upside Target | 65.68 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 61.21 |
| Downside Intraday Target | 60.42 |
| Upside Intraday Target | 62.59 |
| Upside Intraday Target | 63.18 |
| Downside Intraday Target | 61.8 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Tue Jan 2024 | 62.00 | 61.09 | 62.39 | 61.01 | 1.372 times |
| 12 Fri Jan 2024 | 62.44 | 62.63 | 63.04 | 61.76 | 0.153 times |
| 12 Fri Jan 2024 | 62.44 | 58.55 | 63.04 | 58.45 | 1.448 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 |
Price has moved down 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 |
| 16 Tue Jan 2024 | 62.00 | 58.10 | 63.04 | 56.94 | 0.519 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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fortinet Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 60.52 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.
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 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fortinet Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 60.52 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.