(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 2024-05-13 View latest technical analysis
10 day averaged volume of Fortinet Inc is 9233480
| Date | Daily Closing Price | Open | High | Low | Volume |
| 13 Mon May 2024 | 59.63 | 58.56 | 59.92 | 58.40 | 0.595 times |
| 10 Fri May 2024 | 58.16 | 58.25 | 59.40 | 58.07 | 0.426 times |
| 09 Thu May 2024 | 58.11 | 59.40 | 59.75 | 58.01 | 0.75 times |
| 08 Wed May 2024 | 59.63 | 59.42 | 59.80 | 57.84 | 1.179 times |
| 07 Tue May 2024 | 59.43 | 59.00 | 60.40 | 58.41 | 1.997 times |
| 06 Mon May 2024 | 58.81 | 59.25 | 60.35 | 58.43 | 1.567 times |
| 03 Fri May 2024 | 58.88 | 61.86 | 62.49 | 58.79 | 1.722 times |
| 02 Thu May 2024 | 65.20 | 63.15 | 65.26 | 63.01 | 0.898 times |
| 01 Wed May 2024 | 63.53 | 63.51 | 64.87 | 63.14 | 0.47 times |
| 30 Tue Apr 2024 | 63.18 | 63.79 | 64.44 | 63.16 | 0.577 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.8, but if it comes above 59.8, then a intra day buy could be more profitable.
If you take a sell trade below 59.8, then use 59.8 as stoploss and 56.7 as target. However if you take a buy trade in stock , then use 59.8 as stoploss and 62.38 as target.
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 56.94 |
| Upside Target | 62.61 |
| Upside Target | 65.26 |
| Upside Target | 65.80 |
| Upside Target | 66.19 |
| Upside Target | 67.19 |
| Upside Target | 67.36 |
| 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 | 58.71 |
| Downside Intraday Target | 57.8 |
| Upside Intraday Target | 60.23 |
| Upside Intraday Target | 60.84 |
| Downside Intraday Target | 59.32 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 13 Mon May 2024 | 59.63 | 58.56 | 59.92 | 58.40 | 0.1 times |
| 10 Fri May 2024 | 58.16 | 59.25 | 60.40 | 57.84 | 1.451 times |
| 03 Fri May 2024 | 58.88 | 64.35 | 65.26 | 58.79 | 2.004 times |
| 26 Fri Apr 2024 | 64.18 | 63.97 | 65.80 | 62.61 | 0.983 times |
| 19 Fri Apr 2024 | 63.40 | 67.08 | 67.19 | 62.92 | 0.976 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 |
| 13 Mon May 2024 | 59.63 | 63.51 | 65.26 | 57.84 | 0.917 times |
| 30 Tue Apr 2024 | 63.18 | 68.73 | 73.63 | 62.61 | 1.024 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 |
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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer 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.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Fortinet Inc in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fortinet Inc in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 60.04 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer 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.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Fortinet Inc in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fortinet Inc in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling 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 60.04 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.