(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 2024-01-17 View latest technical analysis
10 day averaged volume of Fortinet Inc is 5828330
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 60.62 | 61.20 | 61.62 | 59.73 | 0.928 times |
| 16 Tue Jan 2024 | 62.00 | 61.09 | 62.39 | 61.01 | 1.129 times |
| 12 Fri Jan 2024 | 62.44 | 62.63 | 63.04 | 61.76 | 0.823 times |
| 12 Fri Jan 2024 | 62.44 | 62.63 | 63.04 | 61.76 | 0.823 times |
| 11 Thu Jan 2024 | 62.25 | 62.00 | 62.33 | 60.96 | 0.87 times |
| 10 Wed Jan 2024 | 61.37 | 59.38 | 61.60 | 59.13 | 1.08 times |
| 09 Tue Jan 2024 | 59.40 | 60.31 | 61.20 | 59.31 | 1.559 times |
| 08 Mon Jan 2024 | 61.26 | 58.55 | 61.30 | 58.45 | 1.039 times |
| 05 Fri Jan 2024 | 58.34 | 58.26 | 58.93 | 58.08 | 0.843 times |
| 04 Thu Jan 2024 | 58.39 | 58.00 | 58.73 | 57.78 | 0.921 times |
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 61.4 as stoploss in an intra day sell trade for a target of 59.75. However, stock will show a bullish move above 61.4.
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 | 59.87 |
| Downside Target | 60.60 |
| Upside 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 | 59.44 |
| Downside Intraday Target | 58.25 |
| Upside Intraday Target | 62.1 |
| Upside Intraday Target | 63.57 |
| Upside Intraday Target | 60.91 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 60.62 | 61.09 | 62.39 | 59.73 | 2.5 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fortinet Inc (FTNT)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Wed Jan 2024 | 60.62 | 58.10 | 63.04 | 56.94 | 0.563 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Weak 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 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 in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fortinet Inc in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 60.78 and Fortinet Inc (FTNT) stock is trading below this level. This means that stock is falling with high volumes. 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Weak 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 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 in or below the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Fortinet Inc in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing 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 60.78 and Fortinet Inc (FTNT) stock is trading below this level. This means that stock is falling with high volumes. 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.