FORTINET INC (FTNT) Stock Technical Analysis
NASDAQ:FTNT - Nasdaq - US34959E1091 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to FTNT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FTNT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FTNT did better than 87% of all other stocks.
FTNT is part of the Software industry. There are 285 other stocks in this industry. FTNT outperforms 70% of them.
FTNT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FTNT has an average volume of 4543940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FTNT has a been trading in the 90.80 - 101.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FTNT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. There is a support zone below the current price at 95.82, a Stop Loss order could be placed below this zone.
More info and screens
59.78
100.20
We found 4 important support areas.
- A support zone ranging from 92.49 to 95.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.79 from a horizontal line in the daily time frame.
- Support @82.70 from a trend line in the daily time frame.
- Support @60.38 from a trend line in the weekly time frame.
We found 1 important resistance 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
CRS87.86
Mansfield1.88
10 Day High98.34
10 Day Low90.8
20 Day High101
20 Day Low90.8
52 Week High101
52 Week Low54.57
Performance
1 Week3.03%
2 Weeks0.9%
1 Month0.5%
3 Month20.61%
6 Month70%
12 Month46.55%
2 Year85.14%
3 Year63%
5 Year319.99%
10 Year1520.4%
15 Year2711.96%
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)0.16
RSI(14)54.76
LBB91.95
UBB99.39
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 | 92.48 | 6.74 (6.79%) | 14.72% |
| An entry @99.22. This is a Buy Stop order right above the resistance zone. | An exit @92.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.74 points, which is 6.79%. | For a 1.00% total portfolio risk, you can invest 14.72% of your capital in this trade. |
- 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 (1/24/2025, 5:33:25 PM)
After market: 96.9 0 (0%)96.9
-0.55 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.56%
1 Week3.03%
2 Weeks0.9%
1 Month0.5%
3 Month20.61%
6 Month70%
12 Month46.55%
2 Year85.14%
3 Year63%
5 Year319.99%
10 Year1520.4%
15 Year2711.96%
Volatility
ATR(14)2.51
ATR(20)%2.44%
ATR Inc-27.79%
Range Today1.46
ADR(20)2.15
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.86
Mansfield1.88
10 Day High98.34
10 Day Low90.8
20 Day High101
20 Day Low90.8
52 Week High101
52 Week Low54.57
CS1 End95.82
CR1 Start99.15
Volume & EV
DER(3)0.97%
DER(5)0.46%
Volume4.14M
Volume Incr-2.72%
Vol(5)4.02M
Vol(50)4.54M