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(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 2024-01-29 View latest technical analysis

10 day averaged volume of Fortinet Inc is 6822490

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	66.45	65.81	66.64	65.66	0.651 times
26 Fri Jan 2024	66.12	65.46	66.77	65.35	0.981 times
25 Thu Jan 2024	65.55	67.27	67.36	65.02	0.997 times
24 Wed Jan 2024	66.11	65.06	66.72	64.77	1.134 times
23 Tue Jan 2024	64.41	64.26	64.78	63.77	1.205 times
22 Mon Jan 2024	62.66	61.88	62.80	61.40	1.231 times
19 Fri Jan 2024	60.90	61.55	62.10	60.08	1.344 times
18 Thu Jan 2024	61.41	61.00	61.49	60.29	0.649 times
17 Wed Jan 2024	60.62	61.20	61.62	59.73	0.793 times
16 Tue Jan 2024	62.00	61.09	62.39	61.01	0.964 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 64.6, but if it comes below 64.6, then a intra day sell could be more profitable.
If you take a sell trade below 64.6, then use 64.6 as stoploss and 61.89 as target. However if you take a buy trade in stock , then use 64.6 as stoploss and 67.8 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	59.73
Downside Target	63.04
Downside Target	65.66
Downside Target	65.68
Upside Target	66.64
Upside Target	67.36

Intraday share price targets for Fortinet Inc (FTNT)

Target Type	Value
Downside Intraday Target	65.86
Downside Intraday Target	65.27
Upside Intraday Target	66.84
Upside Intraday Target	67.23
Downside Intraday Target	66.25

Weekly technical analysis of Fortinet Inc (FTNT)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	66.45	65.81	66.64	65.66	0.117 times
26 Fri Jan 2024	66.12	61.88	67.36	61.40	1.479 times
19 Fri Jan 2024	60.90	61.09	62.39	59.73	5.337 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

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
29 Mon Jan 2024	66.45	58.10	67.36	56.94	1.014 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 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 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 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 63.6 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.