FORTINET INC (FTNT)
US34959E1091 - Common Stock
Overall FTNT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, FTNT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that FTNT is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by FTNT over the past year are nicely spread over this period.
FTNT is part of the Software industry. There are 280 other stocks in this industry. FTNT outperforms 79% of them.
FTNT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FTNT is performing more or less in line with the market.
In the last month FTNT has a been trading in the 92.33 - 100.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FTNT has an average volume of 4820950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FTNT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 99.15. Right above this resistance zone may be a good entry point.
More info and screens
59.00
100.20
When analyzing the support we can see 6 important areas.
- A support zone ranging from 96.39 to 97.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.36 from a horizontal line in the daily time frame.
- A support zone ranging from 89.01 to 89.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.81 from a trend line in the daily time frame.
- Support @76.49 from a horizontal line in the daily time frame.
- Support @59.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 99.15 to 99.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93
Mansfield2.55
10 Day High100.4
10 Day Low92.83
20 Day High100.4
20 Day Low92.33
52 Week High100.59
52 Week Low54.57
Performance
1 Week-0.78%
2 Weeks-2.04%
1 Month3.37%
3 Month26.58%
6 Month65.97%
12 Month63.98%
2 Year98.79%
3 Year35.21%
5 Year355.18%
10 Year1484.96%
15 Year2665.79%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.7
RSI(14)57.23
LBB94.06
UBB100.38
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 99.22 | 96.38 | 2.84 (2.86%) | 25.00% |
| An entry @99.22. This is a Buy Stop order right above the resistance zone. | An exit @96.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.84 points, which is 2.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of FTNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FORTINET INC
NASDAQ:FTNT (12/20/2024, 8:13:32 PM)
Premarket: 96.72 -0.47 (-0.48%)97.19
+2.34 (+2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.47%
1 Week-0.78%
2 Weeks-2.04%
1 Month3.37%
3 Month26.58%
6 Month65.97%
12 Month63.98%
2 Year98.79%
3 Year35.21%
5 Year355.18%
10 Year1484.96%
15 Year2665.79%
Volatility
ATR(14)2.78
ATR(20)%2.75%
ATR Inc61.16%
Range Today4.47
ADR(20)2.55
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93
Mansfield2.55
10 Day High100.4
10 Day Low92.83
20 Day High100.4
20 Day Low92.33
52 Week High100.59
52 Week Low54.57
CS1 End97.18
CR1 Start99.15
Volume & EV
DER(3)-0.4%
DER(5)1.48%
Volume13.32M
Volume Incr38.21%
Vol(5)6.30M
Vol(50)4.82M