(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 2024-08-09 View latest technical analysis
10 day averaged volume of Fortinet Inc is 7805154
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 69.69 | 68.99 | 69.98 | 67.98 | 0.895 times |
| 08 Thu Aug 2024 | 68.68 | 69.72 | 70.99 | 68.39 | 1.389 times |
| 07 Wed Aug 2024 | 69.93 | 65.68 | 71.82 | 65.00 | 2.995 times |
| 06 Tue Aug 2024 | 55.81 | 56.00 | 56.85 | 55.19 | 1.118 times |
| 05 Mon Aug 2024 | 55.39 | 54.91 | 56.36 | 54.57 | 0.982 times |
| 02 Fri Aug 2024 | 56.51 | 56.62 | 56.75 | 55.51 | 0.758 times |
| 01 Thu Aug 2024 | 57.20 | 58.03 | 58.30 | 56.47 | 0.582 times |
| 31 Wed Jul 2024 | 58.04 | 58.30 | 59.07 | 57.94 | 0.599 times |
| 30 Tue Jul 2024 | 57.50 | 57.49 | 58.44 | 56.93 | 0.521 times |
| 29 Mon Jul 2024 | 57.39 | 57.00 | 58.06 | 56.42 | 0.513 times |
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 69, for a target of 63.8 or 59.43
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 | 58.9 |
| Downside Intraday Target | 48.11 |
| Upside Intraday Target | 76.15 |
| Upside Intraday Target | 82.61 |
| Downside Intraday Target | 65.36 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Fri Aug 2024 | 69.69 | 54.91 | 71.82 | 54.57 | 2.483 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 |
| 09 Fri Aug 2024 | 69.69 | 58.03 | 71.82 | 54.57 | 0.642 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 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 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 mid to longer 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.
ADX buy sell signal for Fortinet Inc stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 BUY signal in short term but buying 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 63.2 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 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 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 mid to longer 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.
ADX buy sell signal for Fortinet Inc stock for short term is BUY. Signal strength is Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
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 BUY signal in short term but buying 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 63.2 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.