(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 2024-08-02 View latest technical analysis
10 day averaged volume of Fortinet Inc is 5011429
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 56.51 | 56.62 | 56.75 | 55.51 | 1.18 times |
| 01 Thu Aug 2024 | 57.20 | 58.03 | 58.30 | 56.47 | 0.907 times |
| 31 Wed Jul 2024 | 58.04 | 58.30 | 59.07 | 57.94 | 0.933 times |
| 30 Tue Jul 2024 | 57.50 | 57.49 | 58.44 | 56.93 | 0.811 times |
| 29 Mon Jul 2024 | 57.39 | 57.00 | 58.06 | 56.42 | 0.798 times |
| 26 Fri Jul 2024 | 57.00 | 57.66 | 57.81 | 56.84 | 0.847 times |
| 25 Thu Jul 2024 | 57.31 | 57.13 | 58.62 | 56.81 | 0.997 times |
| 24 Wed Jul 2024 | 56.64 | 57.83 | 58.70 | 56.52 | 0.999 times |
| 23 Tue Jul 2024 | 57.94 | 58.34 | 58.95 | 57.68 | 1.195 times |
| 22 Mon Jul 2024 | 58.45 | 59.00 | 59.00 | 58.04 | 0.875 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.2, but if it comes above 57.2, then a intra day buy could be more profitable.
If you take a sell trade below 57.2, then use 57.2 as stoploss and 55.8 as target. However if you take a buy trade in stock , then use 57.2 as stoploss and 58.37 as target.
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 55.51 |
| Upside Target | 60.37 |
| Upside Target | 60.72 |
| Upside Target | 61.05 |
| Upside Target | 61.48 |
| Upside Target | 62.61 |
| Upside Target | 65.26 |
| Upside Target | 73.63 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 54.99 |
| Downside Intraday Target | 53.47 |
| Upside Intraday Target | 58.55 |
| Upside Intraday Target | 60.59 |
| Upside Intraday Target | 57.03 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 56.51 | 57.00 | 59.07 | 55.51 | 0.942 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 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 |
| 02 Fri Aug 2024 | 56.51 | 58.03 | 58.30 | 55.51 | 0.099 times |
| 31 Wed Jul 2024 | 58.04 | 60.43 | 61.48 | 56.42 | 0.967 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 |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL signal for Fortinet Inc in short term and the sell signal is strong.
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 below the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 57.38 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 SELL signal for Fortinet Inc in short term and the sell signal is strong.
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 below the red 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL 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 57.38 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.