(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 2024-07-30 View latest technical analysis
10 day averaged volume of Fortinet Inc is 5360854
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 57.50 | 57.49 | 58.44 | 56.93 | 0.758 times |
| 29 Mon Jul 2024 | 57.39 | 57.00 | 58.06 | 56.42 | 0.746 times |
| 26 Fri Jul 2024 | 57.00 | 57.66 | 57.81 | 56.84 | 0.792 times |
| 25 Thu Jul 2024 | 57.31 | 57.13 | 58.62 | 56.81 | 0.932 times |
| 24 Wed Jul 2024 | 56.64 | 57.83 | 58.70 | 56.52 | 0.934 times |
| 23 Tue Jul 2024 | 57.94 | 58.34 | 58.95 | 57.68 | 1.117 times |
| 22 Mon Jul 2024 | 58.45 | 59.00 | 59.00 | 58.04 | 0.818 times |
| 19 Fri Jul 2024 | 58.48 | 58.12 | 58.78 | 57.58 | 1.53 times |
| 18 Thu Jul 2024 | 58.13 | 60.48 | 60.51 | 58.07 | 1.044 times |
| 17 Wed Jul 2024 | 59.11 | 58.49 | 59.59 | 57.97 | 1.31 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.6, but if it comes above 57.6, then a intra day buy could be more profitable.
If you take a sell trade below 57.6, then use 57.6 as stoploss and 56 as target. However if you take a buy trade in stock , then use 57.6 as stoploss and 58.91 as target.
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 56.42 |
| Upside Target | 60.37 |
| Upside Target | 61.05 |
| 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 | 56.47 |
| Downside Intraday Target | 55.43 |
| Upside Intraday Target | 58.49 |
| Upside Intraday Target | 59.47 |
| Downside Intraday Target | 57.45 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Jul 2024 | 57.50 | 57.00 | 58.44 | 56.42 | 0.328 times |
| 26 Fri Jul 2024 | 57.00 | 59.00 | 59.00 | 56.52 | 0.853 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 |
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 |
| 30 Tue Jul 2024 | 57.50 | 60.43 | 61.48 | 56.42 | 0.925 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 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 and selling is picking up 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 57.91 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 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 and selling is picking up 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 57.91 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.