(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 2024-08-07 View latest technical analysis
10 day averaged volume of Fortinet Inc is 5384115
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 69.93 | 65.68 | 71.82 | 65.00 | 4.341 times |
| 06 Tue Aug 2024 | 55.81 | 56.00 | 56.85 | 55.19 | 1.621 times |
| 05 Mon Aug 2024 | 55.39 | 54.91 | 56.36 | 54.57 | 1.424 times |
| 02 Fri Aug 2024 | 56.51 | 56.62 | 56.75 | 55.51 | 1.098 times |
| 01 Thu Aug 2024 | 57.20 | 58.03 | 58.30 | 56.47 | 0.844 times |
| 31 Wed Jul 2024 | 58.04 | 58.30 | 59.07 | 57.94 | 0.869 times |
| 30 Tue Jul 2024 | 57.50 | 57.49 | 58.44 | 56.93 | 0.755 times |
| 29 Mon Jul 2024 | 57.39 | 57.00 | 58.06 | 56.42 | 0.743 times |
| 26 Fri Jul 2024 | 57.00 | 57.66 | 57.81 | 56.84 | 0.788 times |
| 25 Thu Jul 2024 | 57.31 | 57.13 | 58.62 | 56.81 | 0.928 times |
Stock of Fortinet Inc (FTNT) has showed a significant upmove. This could be a good time to enter in this stock!
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 64.8, for a target of 61.3 or 58.43
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 54.57 |
| Downside Target | 60.72 |
| Downside Target | 61.05 |
| Downside Target | 61.48 |
| Downside Target | 62.61 |
| Downside Target | 65.26 |
| Upside Target | 71.82 |
| Upside Target | 73.63 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 59.06 |
| Downside Intraday Target | 48.19 |
| Upside Intraday Target | 76.31 |
| Upside Intraday Target | 82.69 |
| Downside Intraday Target | 65.44 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 69.93 | 54.91 | 71.82 | 54.57 | 1.714 times |
| 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 |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fortinet Inc (FTNT)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 07 Wed Aug 2024 | 69.93 | 58.03 | 71.82 | 54.57 | 0.474 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 up 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 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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Fortinet Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Fortinet Inc in short term and the buy signal is strong.
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 buy signal for Fortinet Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 60.98 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
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 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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Fortinet Inc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Fortinet Inc in short term and the buy signal is strong.
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 buy signal for Fortinet Inc in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining 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 60.98 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 rising upwards.
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 is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.