(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 2024-07-22 View latest technical analysis
10 day averaged volume of Fortinet Inc is 4995403
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Jul 2024 | 58.45 | 59.00 | 59.00 | 58.04 | 0.878 times |
| 19 Fri Jul 2024 | 58.48 | 58.12 | 58.78 | 57.58 | 1.642 times |
| 18 Thu Jul 2024 | 58.13 | 60.48 | 60.51 | 58.07 | 1.121 times |
| 17 Wed Jul 2024 | 59.11 | 58.49 | 59.59 | 57.97 | 1.406 times |
| 16 Tue Jul 2024 | 59.48 | 60.15 | 60.27 | 59.41 | 0.833 times |
| 15 Mon Jul 2024 | 59.90 | 59.74 | 60.72 | 59.26 | 0.777 times |
| 12 Fri Jul 2024 | 59.55 | 58.93 | 59.90 | 58.77 | 0.881 times |
| 11 Thu Jul 2024 | 58.79 | 59.63 | 59.92 | 58.78 | 0.876 times |
| 10 Wed Jul 2024 | 59.59 | 60.50 | 60.55 | 58.98 | 0.782 times |
| 09 Tue Jul 2024 | 60.28 | 60.26 | 60.78 | 59.32 | 0.713 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.7, but if it comes above 58.7, then a intra day buy could be more profitable.
If you take a sell trade below 58.7, then use 58.7 as stoploss and 57.6 as target. However if you take a buy trade in stock , then use 58.7 as stoploss and 59.62 as target.
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 57.00 |
| Upside Target | 61.48 |
| Upside Target | 62.61 |
| Upside Target | 65.26 |
| Upside Target | 66.19 |
| Upside Target | 73.50 |
| Upside Target | 73.63 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 57.99 |
| Downside Intraday Target | 57.54 |
| Upside Intraday Target | 58.95 |
| Upside Intraday Target | 59.46 |
| Upside Intraday Target | 58.5 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Jul 2024 | 58.45 | 59.00 | 59.00 | 58.04 | 0.152 times |
| 19 Fri Jul 2024 | 58.48 | 59.74 | 60.72 | 57.58 | 1.369 times |
| 12 Fri Jul 2024 | 59.55 | 60.98 | 61.05 | 58.77 | 3.424 times |
| 05 Fri Jul 2024 | 61.09 | 61.14 | 61.48 | 60.37 | 0.492 times |
| 03 Wed Jul 2024 | 60.73 | 60.43 | 61.48 | 59.58 | 0.435 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 |
| 22 Mon Jul 2024 | 58.45 | 60.43 | 61.48 | 57.58 | 0.666 times |
| 28 Fri Jun 2024 | 60.27 | 59.61 | 61.48 | 57.00 | 0.732 times |
| 31 Fri May 2024 | 59.32 | 63.51 | 65.26 | 57.71 | 1.549 times |
| 30 Tue Apr 2024 | 63.18 | 68.73 | 73.63 | 62.61 | 1.024 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Fortinet Inc in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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 59.06 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Fortinet Inc in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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 59.06 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.