FORTINET INC (FTNT) Stock Technical Analysis
NASDAQ:FTNT - Nasdaq - US34959E1091 - Common Stock - Currency: USD
Overall FTNT gets a technical rating of 4 out of 10. Although FTNT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
FTNT is part of the Software industry. There are 283 other stocks in this industry. FTNT outperforms 89% of them.
In the last month FTNT has a been trading in the 81.70 - 102.34 range, which is quite wide. It is currently trading near the high of this range.
FTNT has an average volume of 5402520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
FTNT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
FTNT has only a medium technical rating, but it does show 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 97.32. Right above this resistance zone may be a good entry point.
More info and screens
61.61
103.11
We found 3 important support areas.
- Support @86.29 from a trend line in the daily time frame.
- A support zone ranging from 84.71 to 84.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.23 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 97.32 to 97.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 101.39 to 102.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.76
Mansfield2.67
10 Day High100.5
10 Day Low81.7
20 Day High102.34
20 Day Low81.7
52 Week High114.82
52 Week Low54.57
Performance
1 Week-0.2%
2 Weeks7.48%
1 Month-2.36%
3 Month2.02%
6 Month18.58%
12 Month51.62%
2 Year52.47%
3 Year66.31%
5 Year346.12%
10 Year1173.58%
15 Year2603.32%
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)0.66
RSI(14)48.59
LBB85.27
UBB103.81
96.13
+0.06 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.06%
1 Week-0.2%
2 Weeks7.48%
1 Month-2.36%
3 Month2.02%
6 Month18.58%
12 Month51.62%
2 Year52.47%
3 Year66.31%
5 Year346.12%
10 Year1173.58%
15 Year2603.32%
Volatility
ATR(14)5.27
ATR(20)%4.63%
ATR Inc-43.75%
Range Today1.55
ADR(20)3.99
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.76
Mansfield2.67
10 Day High100.5
10 Day Low81.7
20 Day High102.34
20 Day Low81.7
52 Week High114.82
52 Week Low54.57
CS1 End86.29
CR1 Start97.32
Volume & EV
DER(3)0.59%
DER(5)-0.52%
Volume2.98M
Volume Incr-21.71%
Vol(5)4.47M
Vol(50)5.40M