(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 2024-04-12 View latest technical analysis
10 day averaged volume of Fortinet Inc is 4839940
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 66.45 | 67.47 | 67.72 | 65.93 | 1.061 times |
| 11 Thu Apr 2024 | 68.22 | 68.61 | 68.86 | 67.44 | 0.603 times |
| 10 Wed Apr 2024 | 68.13 | 67.08 | 68.50 | 67.08 | 0.752 times |
| 09 Tue Apr 2024 | 68.22 | 69.14 | 69.14 | 67.80 | 0.578 times |
| 08 Mon Apr 2024 | 68.39 | 70.04 | 70.24 | 68.23 | 1.054 times |
| 05 Fri Apr 2024 | 70.91 | 69.75 | 71.83 | 69.34 | 1.545 times |
| 04 Thu Apr 2024 | 69.23 | 72.03 | 73.63 | 69.21 | 1.438 times |
| 03 Wed Apr 2024 | 71.32 | 68.61 | 72.02 | 68.58 | 1.626 times |
| 02 Tue Apr 2024 | 68.85 | 66.97 | 68.93 | 66.60 | 0.973 times |
| 01 Mon Apr 2024 | 67.82 | 68.73 | 68.73 | 66.73 | 0.621 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.1, but if it comes above 67.1, then a intra day buy could be more profitable.
If you take a sell trade below 67.1, then use 67.1 as stoploss and 65.7 as target. However if you take a buy trade in stock , then use 67.1 as stoploss and 68.26 as target.
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 50.65 |
| Downside Target | 56.94 |
| Downside Target | 59.87 |
| Downside Target | 65.93 |
| Upside Target | 68.60 |
| Upside Target | 68.93 |
| Upside Target | 70.24 |
| Upside Target | 71.95 |
| Upside Target | 73.50 |
| Upside Target | 73.63 |
| Upside Target | 73.91 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 64.84 |
| Downside Intraday Target | 63.23 |
| Upside Intraday Target | 69.15 |
| Upside Intraday Target | 71.85 |
| Upside Intraday Target | 67.54 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Apr 2024 | 66.45 | 70.04 | 70.24 | 65.93 | 0.653 times |
| 05 Fri Apr 2024 | 70.91 | 68.73 | 73.63 | 66.60 | 2.134 times |
| 28 Thu Mar 2024 | 68.31 | 67.85 | 68.60 | 66.19 | 0.793 times |
| 22 Fri Mar 2024 | 68.30 | 66.99 | 68.93 | 66.45 | 0.641 times |
| 15 Fri Mar 2024 | 66.72 | 70.93 | 71.95 | 66.51 | 0.92 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 |
| 12 Fri Apr 2024 | 66.45 | 68.73 | 73.63 | 65.93 | 0.525 times |
| 28 Thu Mar 2024 | 68.31 | 69.09 | 73.50 | 66.19 | 0.631 times |
| 29 Thu Feb 2024 | 69.11 | 64.71 | 73.91 | 61.00 | 1.061 times |
| 31 Wed Jan 2024 | 64.49 | 58.10 | 67.36 | 56.94 | 1.139 times |
Scroll below to view daily charts
Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Fortinet Inc in short term but the sell signal is initial and weak.
Fortinet Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 69.12 and Fortinet Inc (FTNT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 negative.
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Fortinet Inc in short term but the sell signal is initial and weak.
Fortinet Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 69.12 and Fortinet Inc (FTNT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.