(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 2024-05-16 View latest technical analysis
10 day averaged volume of Fortinet Inc is 9215796
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 61.24 | 60.61 | 61.35 | 59.58 | 0.482 times |
| 15 Wed May 2024 | 60.73 | 60.82 | 61.28 | 60.61 | 0.385 times |
| 14 Tue May 2024 | 60.20 | 59.80 | 60.50 | 59.23 | 0.463 times |
| 13 Mon May 2024 | 59.63 | 58.56 | 59.92 | 58.40 | 0.596 times |
| 10 Fri May 2024 | 58.16 | 58.25 | 59.40 | 58.07 | 0.427 times |
| 09 Thu May 2024 | 58.11 | 59.40 | 59.75 | 58.01 | 0.752 times |
| 08 Wed May 2024 | 59.63 | 59.42 | 59.80 | 57.84 | 1.181 times |
| 07 Tue May 2024 | 59.43 | 59.00 | 60.40 | 58.41 | 2.001 times |
| 06 Mon May 2024 | 58.81 | 59.25 | 60.35 | 58.43 | 1.57 times |
| 03 Fri May 2024 | 58.88 | 61.86 | 62.49 | 58.79 | 1.725 times |
My analysis of stock is bearish for shortterm, and stock might move down till 59.3 or till 56.3. Use a stoploss of 61.83 and if the stock hits stoploss, then it can shoot up till 64.33
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 56.94 |
| Downside Target | 60.40 |
| 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 | 59.31 |
| Downside Intraday Target | 57.38 |
| Upside Intraday Target | 62.26 |
| Upside Intraday Target | 63.28 |
| Downside Intraday Target | 60.33 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 61.24 | 58.56 | 61.35 | 58.40 | 0.325 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 |
| 16 Thu May 2024 | 61.24 | 63.51 | 65.26 | 57.84 | 1.044 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 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 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 gaining momentum.
MACD generated a BUY signal for Fortinet Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fortinet Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Fortinet Inc in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 59.29 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 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 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 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 gaining momentum.
MACD generated a BUY signal for Fortinet Inc in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Fortinet Inc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Fortinet Inc in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 59.29 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 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.